UK consumers have resisted Brexit doom and gloom – until now
by Larry Elliott from Economics | The Guardian on (#4P78S)
Concerns about the state of the nation may start to outweigh the public's personal feelgood factor
Britain's consumers have largely been deaf to the warnings of impending economic disaster that have rained down thick and fast ever since the EU referendum in June 2016. The public's appetite to spend has remained strong but one thing it won't buy is doom and gloom.
It would be surprising, though, if consumers were completely impervious to what is happening over Brexit. Surveys have suggested that consumer confidence is getting weaker even though spending in the shops and online has held up well.
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