Consumer spending has been slowing in the UK. The housing market is starting to fall and the ou...
Consumer spending has been slowing in the UK. The housing market is starting to fall and the outlook for the manufacturing industry still remains tough. However, there are still expectations the economy is set to improve, following recovery in the US. There is a degree of nervousness on the consumer side, according to Trevor Green, director of UK equities at Dresdner. Consumers are not spending, following the 1% increase in national Insurance contributions and the above-inflation increases in council tax, Underground, rail and bus fares. Green says: 'People are concerned abou...
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