Consumer and business confidence tumbled in November amid concerns the UK economy would struggle to grow after a post-referendum slowdown, two surveys have found. The GfK consumer confidence index dropped five points after a two-point fall in October, taking it to minus eight. The index covering most of 2016 dropped six points – 19 points lower than this time last year – and fell five points for the year ahead. Consumer services businesses were more optimistic than consumers, with a balance of 36% expecting a brighter year ahead compared with 25% last month. However, the business and other services sector fell by 17 points to 29%.

Source: The Guardian November 30, 2016 00:01 UTC