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Brexit brings on inflation fears while Remain camp protests

Barometer of consumer confidence falls by 2 points in Oct on pessimism about the economy over the next year

Published Sun, Oct 30, 2016 · 09:50 PM

London

Fears of inflation and relentless fear mongering from political and business leaders, who wish to remain in the European Union, have dampened UK consumer confidence.

Adding to the worries, there is growing market speculation that Mark Carney, governor of the Bank of England will resign in coming weeks. Mr Carney who has been accused of politicisation due to acute pessimism about the UK economy ahead of the Brexit referendum, is due to decide whether he will leave in 2018.

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