UK consumer confidence lags on Brexit, eurozone woes - survey

British consumers remain not that confident in over a year as they worry about the in/out referendum and the region's unsettled economic problems. A GfK survey showed the overall consumer sentiment indicator was still at zero in March from February, as well as its joint lowest since December 2014. Optimism among British people about the economy over the coming 12 months was 18 points lower from -12 in the previous year. GfK Head of Market Dynamics Joe Staton said interest rates and prices in the shops, the continuous eurozone crisis, and worries about looming UK exit seem to affect them amid reports about low inflation. Chancellor George Osborne has repeatedly cautioned the United Kingdom is facing a string of cocktail perils from the global economy.

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