UK consumer and business morale touched five-month high before election: surveys

FILE PHOTO: Shoppers carry shopping in plastic bags in the West End, in London, Britain December 27, 2018. REUTERS/Henry Nicholls

Consumer confidence rose to -11 in December from -14 in November, according to the long-running survey from market research firm GfK. A Reuters poll of economists had pointed to an unchanged reading on the month. Both surveys were conducted before the result of the Dec. 12 election in which Johnson secured a big majority in parliament, removing some uncertainty hanging over the British economy.

For businesses, growing optimism about trading prospects contributed to a rise in morale, Lloyds Bank said.

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