UK: Consumer Weakness Will Persist For Years, Not a Few Quarters

1 August 2017 The recent release of second quarter GDP data had something for everyone.  For the post-Brexit sceptics, the meagre 0.3% gain (following a similarly paltry advance in Q1) confirmed the economic recovery was faltering. Recently, weak consumer spending has been a major headwind, resulting from modest income growth and higher prices following sterling’s [...]