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Britons most downbeat about finances since at least 2017 – BofA

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Economy2 hours ago (Feb 08, 2022 10:51)

© Reuters. FILE PHOTO: A woman wearing a face mask shops in Cambridge Market Square, amid the coronavirus disease (COVID-19) outbreak, in Cambridge, Britain, January 14, 2022. REUTERS/Andrew Couldridge

LONDON (Reuters) – Bank of America (NYSE:BAC) said its measure of confidence among British households in their personal financial situation fell to its lowest since the bank began its survey in 2017.

A broader gauge of consumer confidence in Britain dropped to its lowest in 11 months as fast-rising inflation squeezed spending power, BofA said on Tuesday.

But in better news for the Bank of England, which is worried that the lack of candidates to fill vacancies will push up wages, the survey showed 41% of people who said they left the labour market since 2019 planned to return in 2022.

Britons most downbeat about finances since at least 2017 – BofA

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