UK consumers cut back on spending again - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Official data on Friday showed sales volumes fell by 0.6% from November, defying the median forecast for a rise of 0.5% in a Reuters poll of economists.

Two of its nine policymakers voted in November and December for a cut and three others, including Governor Mark Carney, have said lower borrowing costs might be needed soon. “But the election and the removal of some uncertainty could represent a turning point for the economy. Indeed, there are signs that sentiment has already turned up. As a result, January might not be quite as bad.”

The election outcome eliminated the risk of a disruptive no-deal Brexit as soon as Jan. 31, and there have been some signs of a bounce in confidence among consumers and companies since then.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Locust plague devastates crops in Horn of Africa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%Ethiopian farmer Ahmed Ibrahim batted empty water bottles at a swarm of desert locusts the size of his palms that were devouring his field of khat -the mildly narcotic leaf that is his family's main source of income.%
Source: SABC News Online - 🏆 32. / 51 Read more »

Belgium to honour Patrice Lumumba - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Belgium is set to honour the life of the first Prime Minister of the Democratic Republic of the Congo, Patrice Lumumba. Africans must not fall for this crap They are mocking They murdered him. Now they're pulling this joke on all Africans? Really?
Source: SABC News Online - 🏆 32. / 51 Read more »