Consumer Spending Growth Softens In U.K. Post-Brexit: BarclaysMani
The latest Barclaycard data reveals that consumer spending growth softened post-Brexit, with the Underlying Spending Growth Index dropping sharply in July to 5.3%, the lowest level since January 2014. Dennis Jose and colleagues at Barclays point out in their August 9 research piece titled “Barclays UK Spend Trends – Post Brexit: A slip but not a slide” that the severity of the imminent recession depends on the extent to which consumer confidence falls, despite headlines of the . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.