UK consumer confidence falls to its lowest level since July 2013

UK consumer confidence slipped to 5.5-year low in December as the country copes with the Breit uncertainty. 

The Gfk consumer confidence in the UK fell to -14 in December - the lowest level since July 2013 - from the November figure of -13. 

The drop in the consumer confidence means Britons will likely tighten their purse strings in the near future. Consumer spending, therefore, could act as a drag on the economic growth in the near term.