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Consumer confidence falls to lowest level since EU referendum

Europe - Brexit jigsaw pieces

British consumer confidence is at its lowest level since immediately after the EU referendum.

YouGov and the Centre for Economics and Business Research (CEBR) said their measure of confidence fell by one point to 108.1 in December, the lowest level since July, reports Reuters

The survey found a sizeable fall in optimism about household finances over the coming 12 months, with inflation set to rise sharply.

"The slow creep of inflation is starting to be both seen in the economy at large and felt in consumers' wallets throughout the country," Scott Corfe, CEBR director, is reported as saying.

"Despite things being better than many expected, looking ahead to 2017 there is a feeling that a slight slowdown is on the way."

Sterling has fallen more than 10% against the dollar since June's EU referendum and while some retailers have raised prices already, others are expected to wait until after the sales.

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