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British Spending Growth Might Weaken in the Long Run—PwC


March, 17 2017
watermark Economic news

PricewaterhouseCoopers LLP stated UK consumer spending would probably weaken in the long run after its value dropped by over 2% this year as compared to last year’s 3% reading. The country’s spending rates is expected to slow down by 1.7% next year since income gains might be unable to keep in pace with inflation rates. British people might also have to cutback on spending as housing spending might only compose 30% of the country’s total household budget by 2030.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.