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U.k. Consumer Confidence Drops To 4-month Low

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And yet the Halifax say the sheeple are still willing to buy houses at the top of the market? :

March 8 (Bloomberg) -- U.K. consumer confidence fell to a four-month low in February as Britons became more pessimistic about the state of the economy and
less willing to spend
, a survey by Nationwide Building Society shows
.

It just does not fit a huge 1.4% monthly increase in HPI does it?

This is what Ellis of Halifax said in today's "news" frelease:

Chief economist Martin Ellis said, "The combination of improving economic growth, low interest rates and high employment will continue to underpin a healthy level of housing demand over the next few months."

http://uk.biz.yahoo.com/060308/214/g5vdr.html

Whereas the consumer confidence poll found:

``
It is difficult to take any comfort from the latest figures,'' Stuart Bernau, Nationwide's executive director, said in a statement. ``Bad news on jobs, retail sales, rising fuel and energy prices have all combined to undermine consumers' confidence.
''

http://www.bloomberg.com/apps/news?pid=100....G.0mo&refer=uk

Which report will the BBC headline? Which report reflects reality? Or are we getting the "good cop-bad cop" treatment?

Edited by Realistbear

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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