Britons turn more cautious about big spending as Brexit nears: IHS Markit [Reuters]
IHS Markit Ltd. Common Shares (INFO)
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Source: Reuters
Britons turn more cautious about big spending as Brexit nears: IHS Markit LONDON (Reuters) - British households were the most downbeat about their finances in over a year this month and the approach of Brexit made them more cautious about making major outlays, a survey published on Monday showed. IHS Markit’s Household Finance Index slipped slightly to 43.3, its lowest since February 2018, adding to a series of falls since August last year. Markit said households were showing some resilience to the chaotic Brexit process unfolding in Britain’s parliament. Respondents said they said they were a bit less worried about their job security and about the outlook for their financial wellbeing. The lowest unemployment rate since 1975, rising wages and weak inflation are helping to offset the uncertainty about Brexit for many people in Britain. But the appetite among households for making major purchases, for example on cars or holidays, fell at the fastest pace since September 2017, Markit sa
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