UK consumer confidence slipped to 5.5-year low in December as the country copes with the Breit uncertainty.
The Gfk consumer confidence in the UK fell to -14 in December – the lowest level since July 2013 – from the November figure of -13.
The drop in the consumer confidence means Britons will likely tighten their purse strings in the near future. Consumer spending, therefore, could act as a drag on the economic growth in the near term.
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