A New Year: but Consumers will Struggle in 2018

The Financial Times is reporting the majority of economists they surveyed, expect UK Consumers to find 2018 as hard, if not more difficult, than 2017.

The findings have been revealed after they completed their annual survey of economists.

Although most agreed inflation would subside, they also worried unemployment would rise and wage levels would continue to stagnate.

Some also believed, after a sharp increase in levels of personal debt in 2017, the availability of affordable credit would become less available in 2018, and with interest rates increasing, consumer confidence would be weakened.

The full findings of the survey can be found here.

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