Consumers ‘despondent’ over prospects for UK economy

Consumers are increasingly despondent over the prospects for the UK economy as concerns over Brexit, sluggish household income, rising prices and the prospect of increases to council tax and inflation hit confidence.
According to GfK’s Consumer Confidence Index, overall confidence fell by one point between January and February to -10 and is down by four points compared to a year ago. That means consumer confidence has been “bouncing” between zero and -13 since February 2016 wit