Belfast Telegraph

Consumer confidence slumps after the election

Consumer confidence has collapsed following Theresa May's general election catastrophe as household finances come under renewed pressure and fears over the housing market rise.

Data from YouGov and the Centre for Economics and Business Research (CEBR) shows a "pronounced collapse" in confidence following the election - falling from 109.1 in the week before the vote to 105.2 after.

The figures are at levels comparable to the aftermath of last year's vote to leave the European Union when consumer confidence plummeted from 111.9 in the weeks before the referendum to 104.3 in the days after it.

Stephen Harmston, head of YouGov, said: "Consumer confidence has been generally ticking downward since last autumn but the events of the past month have placed it under greater pressure."

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