British consumer sentiment has fallen to a six-year low due to increased worries...
LONDON - British consumer sentiment has fallen to a six-year low due to increased worries about job security and the impact trade tensions and political uncertainty will have on individuals’ finances, a survey showed on Thursday.
Market research company YouGov said its monthly consumer sentiment indicator, compiled with economic consultancy Cebr, dropped to 103.4 in September from 104.0 in August, its lowest level since May 2013. Britain’s economy unexpectedly contracted in the three months to June and the Bank of England and other economists predict only modest growth in the three months to September, with Britain still at risk of a disruptive Brexit on Oct. 31.
But in the short term British households are benefiting from record-low unemployment, as well as wages that are rising at the fastest rate in more than 10 years.
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