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finances - survey
LONDON, Nov. 29 (Reuters)
British consumer morale edged up this month, bolstered by a strong labour market, despite
rising concern about household finances, a survey showed on Tuesday.
Pollster YouGov and consultancy Cebr said their barometer of consumer confidence edged
up to 109.4 in November from 109.1 in October, reflecting an increase in measures of job
security and workplace activity.
However, the survey's gauges of household finances edged lower for a second month in a
row, chiming with a report from data company Markit that suggested Britons are becoming
increasingly worried about inflation.
Britain's economy has performed much better than most economists had expected in the
immediate aftermath of June's vote to leave the European Union. But a much bigger test awaits
next year.
Rising inflation caused by the pound's post-referendum plunge looks set to squeeze
household spending and economists said they still expected business investment to slow.
"We shouldn't ignore the clouds on the horizon: both backward and forward-looking
household finance measures dropped for the second successive month," said Stephen Harmston,
head of YouGov reports.
"While the declines are relatively small at the moment, they are ongoing and will be
monitored closely over the coming months."