British consumers 'particularly concerned' about post-Brexit price rises

19 Mai, 2017, 18:58 | Author: Marc Bacque
  • British consumers 'particularly concerned' about post-Brexit price rises

"Despite the current political uncertainty, Mintel revealed that consumer spending rose by 3.7 per cent a year ago to reach £1.2 trillion".

United Kingdom consumers are preparing for an expensive and uncertain post-Brexit future, with four out of five fearing price rises on household essentials such as food, drink and clothing, a survey has revealed. Spiralling holiday costs are a concern for 35%, with 26% fearing higher prices for clothing and shoes. But as many as 81% of United Kingdom consumers are concerned about the future health of the NHS, while 68% are anxious about the United Kingdom economy and 67% are nervous about the state of the environment.

In contrast, less than half of all adults (48%) are anxious about their ability to pay the bills and less than two in five (37%) are concerned about their level of debt.

Almost 50 per cent of British consumers believe that Britain's decision to leave the European Union will have a negative impact on the cost of living in the United Kingdom, with the figure unchanged from when the question was first asked in July 2016, in the immediate aftermath of the referendum.

Some 31 per cent of consumer - down from 39 per cent in July a year ago - now believe the vote will have a negative impact on the UK's economic growth.

"Mintel research underlines particular concern about the rising cost of in-home food, and inflation is undoubtedly going to squeeze household budgets, " The Independent reported.

"However, broader consumer confidence is still relatively strong". Despite rising prices, most people still expect their finances to hold up well over the next year.

"It's the bigger picture issues that the United Kingdom faces, such as the NHS and the economy, that are the main concern, rather than people's own finances".

Despite growing inflation and economic uncertainty, Mintel reports that consumer spend previous year grew 3.7 per cent to £1.2 trillion.

Investors Catching Stocks Advanced Micro Devices, Inc. (AMD)
Summit Redstone reaffirmed a "buy" rating on shares of Advanced Micro Devices in a report on Saturday, January 21st. Analysts, on average, seem bullish as they suggest AMD is worth $1.37 more, giving a target price of $12.57/share.


Cleveland Cavaliers 117-104 Boston Celtics
He was just 7 of 19 from the floor, 2 of 7 from 3-point range. "We did a lot to push it to seven games against that team". Not only were the C's just 12-for-38 (31.6%) from three-point range, they also finished 3-of-13 on uncontested threes.


Rohit Sharma returns in India's Champions Trophy squad
He will have the support of MS Dhoni and Kedar Jadhav , who impressed a lot in the recent time with his batting performance. Kept faith in 15 Members Squad which will be defeated in England against arch-rivals Pakistan on June 4.


Despite the fact that price rises were seen across all sectors, fast-moving consumer goods took the biggest hit, partially due to the impact of deflating supermarket prices as the price war between the Big Four supermarkets continues.

By 2021, it is projected that Britons will spend £1.4 trillion per annum, with growth of 17% expected over the next five years.

Indeed, the leisure and entertainment market grew by an estimated 3.2% in 2016, outpacing the 2.4% growth estimated for the clothing, footwear and accessories category.

Now in its 27th year, Mintel's British Lifestyles report tracks spending across all major consumer markets.

Unpicking some notable trends, the report highlights the impact of consumers' shift towards healthier eating. What's more over one in five (22%) are limiting their carbohydrate intake, with 20% of users regularly substituting pasta, rice and noodles with vegetables in the style of familiar carbohydrates.

The war on sugar has refreshed sales of bottled water - and the upcoming 2018 soft drinks levy means there will be no let-up.

Nearly a quarter (23%) of non-alcoholic drinks launched in the United Kingdom in 2016 carried a low, no or reduced sugar claim, up from 15% in 2011.

The drive to cut sugar in British diets saw sales of bottled water increase by 9%, to £2.2bn.

Conseillé:

  • European Union  regulators slap Facebook with fine for misleading them about WhatsApp

    European Union regulators slap Facebook with fine for misleading them about WhatsApp

    Facebook was fined US$122 million for giving European Union antitrust regulators misleading or incorrect information about its acquisition of messaging service WhatsApp in 2014.
    Frontier Communications Corp (NASDAQ:FTR), Chevron Corporation (NYSE:CVX), PG&E Corporation

    Frontier Communications Corp (NASDAQ:FTR), Chevron Corporation (NYSE:CVX), PG&E Corporation

    This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. A trend analysis is a method of analysis that allows traders to predict what will happen with a stock in the future.
    Researchers Open Future Of Wearables With 'World's Thinnest Hologram'

    Researchers Open Future Of Wearables With 'World's Thinnest Hologram'

    How long will it be until we can view pop-up 3D displays from our smartphone? We would like to see industry engage with research. To generate enough phase shifts, those holograms need to be at the thickness of optical wavelengths.
  • Polls open with Iranians to give verdict on Rouhani

    The people from the conservatives and religious regions of Mashad, Qom and rural areas are mostly to vote more for Raisi. As a judge of the clerical court, you can even issue an arrest order.

    Experts question North Korea role in WannaCry cyberattack

    Ambassador to the UN Nikki Haley said Washington and Beijing are discussing the possibility of additional measures on the North. The $4 billion in damage could be far more important to the perpetrators than the $70,000 or less in ransom payments collected.
    Pound V euro: GBP strengthens against EUR after Macron French election victory

    Pound V euro: GBP strengthens against EUR after Macron French election victory

    His team was also the victim of a hack, which a cybersecurity firm has said bears the hallmarks of Russian involvement. Mr Macron now becomes not only France's youngest president, but also one of its most unlikely.
  • Volkswagen builds an Up! GTI for 2017 Wörthersee Tour

    Volkswagen builds an Up! GTI for 2017 Wörthersee Tour

    The interior includes features as a leather-trimmed sport steering wheel, a GTI gear knob, and a tartan pattern on the seats.

    L'Élysée assure à RSF ne pas " imposer un journaliste plutôt qu'un autre "

    En réponse, la présidence a assuré que "l'Elysée n'entend (ait) pas faire le travail des rédactions", dans le courrier à RSF qui en a publié des extraits dans un communiqué.

    Champions Trophy: India will play in competition

    Manish Pandey: Manish Pandey aka Pandey Ji is a stylish and a world class batsman who also plays for KKR. Along with Kuldeep, they are on Standby list.
  • Trump to Announce $350 Billion Arms Deal With Saudis

    Christiane Amanpour, chief worldwide correspondent for CNN, looks ahead to Trump first foreign trip on Friday. Navy's 5th Fleet, which frequently has tense encounters with Iran's navy in the Persian Gulf.
    Les femmes victimes de harcèlement dans les rues — La Chapelle

    Les femmes victimes de harcèlement dans les rues — La Chapelle

    C'est en tout cas ce que dénoncent plusieurs d'entre elles dans une pétition publiée sur internet et adressée à Emmanuel Macron . Le quotidien rapporte le témoignage de cette femme qui affirme avoir reçu une cigarette allumée dans les cheveux.
    Ironic? CBS Show 'Mom' Donates $250K to Planned Parenthood

    Ironic? CBS Show 'Mom' Donates $250K to Planned Parenthood

    TV sitcom "Mom" have decided to make a $250,000 donation to Planned Parenthood rather than mount an Emmy campaign this year. Co-created by Lorre, Mom has tackled serious subjects including substance abuse, addiction, suicide and more.


Populaire

Koeman not confident Barkley will sign new Everton contract
Koeman also gave his thoughts on striker Romelu Lukaku's bid to win the Premier League Golden Boot. I don't know what will happen after it. "It is after the game, on Monday - then we will know it".

Solère contraint de démissionner de la présidence du groupe LR — Région IDF
Othman Nasrou , jusqu'alors vice-président de la Région, va assurer la présidence du groupe jusqu'aux prochaines élections.

Polls open in first Iran presidential vote since atomic deal
Iranians overseas also will vote in over 300 locations, including 55 in the US , where more than 1 million Iranians live. Every incumbent president has been re-elected in Iran since 1985, when Ayatollah Khamenei himself won a second term.

Putin praises China's Belt and Road initiative, condemns North Korea
He was speaking to leaders and other officials from Asia, Europe and Africa at the event to promote Beijing's " Belt and Road Initiative ".

Clapper: US government 'under assault' by Trump after Comey firing
Comey was sacked over his handling of the federal investigation involving Mr. But very well known, highly respected and really talented people.

Say Hello To The New VW Up GTI
The interior includes features as a leather-trimmed sport steering wheel , a GTI gear knob, and a tartan pattern on the seats. Once again all figures are reminiscent of those of the Mk1 Golf GTI launched four decades ago.

Pregnant Hannah Jeter Supports Husband Derek at Number Retirement Ceremony!
YES said it was the most-viewed network in New York's designated market area for each quarter hour from 6:30-7:30 p.m. The captain drew higher television ratings than his former Boss.

New cyber chaos appears to have been avoided in Europe: Europol
Around a fifth of NHS trusts were hit in the attack, forcing them to postpone operations and procedures over the weekend. The healthcare system in the United Kingdom is reeling from a ransomware attack .

Cavs roll past Boston in Game 1
As great as James was Wednesday night, it was nearly expected, and the same will be the case in Game 2 Friday night. If the Celtics do not start hitting at least their open shots, the Cavaliers will continue to walk all over them.

Zac Efron and Alexandra Daddario are getting together
He was also full of praise for his co-star Dwayne Johnson, who was not in attendance and recorded a message for the audience. Yahya Abdul-Mateen, Alexandra Daddario and Zac Efron attend the Australian premiere of Baywatch in Sydney on Thursday night.