Consumer faith in the economy continues to slide


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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