UK household sentiment at 11-month low on job fears - IHS Markit [Reuters (UK)]
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Source: Reuters
UK household sentiment at 11-month low on job fears - IHS Markit | Reuters 3 Min Read LONDON (Reuters) - British households grew more downbeat about their finances this month as job worries rose to the highest in over a year, reflecting a slowing economy and uncertain prospects for Brexit in less than six weeks’ time. Consumer spending and a strong labour market were a relative bright spot as Britain’s economy slowed last year to record its weakest growth since 2012, but since late last year there have been growing signs that Brexit uncertainty is taking a toll. IHS Markit’s Household Finance Index dropped to its lowest since March, with a component reflecting job security dropping to its lowest since January 2018, despite official figures that show unemployment at its lowest since the mid-1970s. “The impact on confidence caused by Brexit uncertainty continues to pose a notable risk to the domestic economy, also highlighted by job security perceptions becoming increasingly negative in
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