Economics
Housing Outlook ’Uncertain’ as Brexit Hits Consumer Confidence
- Household confidence plunges to lowest level in three years
- Nationwide says vote may weaken housing demand in near term
Pimco's Clarida: Passporting the Lynchpin to Brexit Talks
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U.K. consumer confidence plummeted this month to its lowest level in three years and more households believe they will be worse off as a result of the Brexit referendum result.
Two surveys suggest Britons have become more concerned about finances since the vote to leave the European Union in June, with a sentiment index by YouGov and the Centre for Economics and Business Research falling the lowest since July 2013. Consumers are most worried about household finances and property values, they said, a view echoed in a PricewaterhouseCoopers report that signaled a growing concern about wealth.