UK consumer spending seen losing momentum

London

BRITISH consumers, who helped the economy emerge largely unscathed from the Brexit vote, now face their next big health check.

A week after Next plc offered a grim outlook for 2017 following a downbeat holiday selling season, Marks & Spencer Group plc, department-store chain Debenhams plc, grocer J Sainsbury plc and other retailers are set to provide business updates. Their insights will be scoured for clues on household spending and whether the economy will continue weathering the UK's decision to leave the European Union.