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UK consumer spending fell by the most since July - Visa

Britishers tightening their purse strings last month, leading to a 0.7 percent year-on-year drop in spending - the most since July - according to payments company Visa.

Consumption had dropped 0.2 percent in October.

Key quote (Source: Reuters)

“The disappointing trend reflects relatively subdued consumer confidence as uncertainty lingers over the outcome of ongoing Brexit negotiations,” IHS Markit economist Annabel Fiddes said.  

 

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