Consumer faith in the economy continues to slide

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Consumer faith in the British economy fell in the second quarter of 2018, continuing its steady drop since 2015.

Sentiment fell to level of -28.4 in June, according to an index devised by the Office for National Statistics. The ONS records a neutral feeling about the economy as zero; on its scale, sentiment has been below zero since May 2015 and has worsened ever since.

Consumers are more sanguine about the state of their own personal finances, but still recorded a negative sentiment of -1.2 in June.

The figures show that household disposable income was lower between April and June than it was a year before, driven by a tax increase of £37.20 per person.

Rising interest rates also meant people…

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