30th November 2017.

 UK Consumer Confidence Drops

Squeezed income, higher inflation and economic uncertainty has dampened UK consumer sentiment in November, a recent survey has found.

Consumer confidence has dipped this month, hitting its lowest level since the aftermath of the June 2016 Brexit vote.

GfK’s long-running Consumer Confidence Index has fallen to minus 12 in November compared to October’s reading of minus 10.

It was thought to be stabilising as the aftermath of the Brexit referendum smoothed over, but recent rises in inflation has bitten into real wages.

“Sadly, there’s no festive cheer in this month’s Consumer Confidence Index,” Joe Staton, head of market dynamics at GfK, said.

Staton insists the economy needs big and positive “economic good tidings” to reverse this downwards trend.

Household spending has largely driven UK economic growth since the Brexit vote, but analysts expect consumers to slow spending as inflation and the recent interest rate rise continue to affect personal finances.

The momentum that many online and high street retailers felt on last week’s Black Friday has jump-started sales growth for some.

The CBI’s Distributive Trades Survey in November showed 39 per cent of respondents reported sales volumes up on the same time last year.

 The Credit Protection Association is a credit management company established in 1914. If you supply goods or services on credit then we can help you!

See all our latest news here!

Keep up to date with the latest news by following us on social media:-

CPA on Linkedin

CPA on facebook

CPA on twitter

Watch the video to find out how CPA can help you!

How to overcome 25 of the most common excuses for non-payment

Click the image to discover step by step advice on how to deal with them!

 

 

 

 

 

Discover how to improve your cashflow in 3 steps.

Click the image to find our answer to the question “How can you get paid on time?”

 

 

 

 

Read our blog – Debt collection agency

Read our Cash Flow Advice

Read about our overdue account recovery service

Read our blog – What is credit management?

Read our blog -What is a credit management company?

Read our blog -Credit Management that works!

Read our blog – How to select a debt collection agency

click to see read about our successes

Please call us on 0330 053 9263 to discuss how CPA can help your cashflow. Alternatively, either email us or use our contact form.

I consent to supplying my personal information that may be used for marketing purposes and agree with the privacy policy.