Consumer confidence in the UK is expected to slow even further on the back of higher national insura...
Consumer confidence in the UK is expected to slow even further on the back of higher national insurance contributions as well as the bout of hot weather in the country. But it is not a completely gloomy story ' economists are not predicting a deflationary situation in the UK and a recovery is expected in the second half of the year. Errol Francis, UK equity fund manager at Barings, says: 'We would probably expect UK consumer confidence not to grow as much as the last few years. Consumers already have a high level of debt, but both interest rates and unemployment are at low lev...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes