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Retail

Mood Among UK Consumers, Firms Remains Fragile, Surveys Find

Confidence among British consumers and businesses remains stuck well below levels before the Brexit vote in 2016, surveys showed on Tuesday, two days before an expected interest rate increase by the Bank of England.

One polling firm said the lack of clarity about leaving the European Union in March next year was likely to be a drag on consumer confidence in the months ahead.

Britain's headline gauge of consumer confidence, compiled by market research firm GfK for the European Commission, edged down -10 in July from -9 in June, a touch weaker than expected by economists who took part in a Reuters poll.

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