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UK Economy Suffering From Consumption | WorldNewsDaily.us

UK Economy Suffering From Consumption | WorldNewsDaily.us

BY RICHARD BARLEY

There's no getting away from it: U.K. household spending, the engine of the economy for the best part of two decades, is going into reverse.

This may be the start of a much-needed economic rebalancing. But it also may complicate the U.K.'s fiscal challenge.

Recent surveys confirm the bad news. Retail sales fell 1.9% on the year in March, the worst drop for at least 16 years, according to the British Retail Consortium. The figures were distorted by the late Easter, but the consortium argues lower spending patterns have

Read More >>

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