The outcome of Brexit negotiations will not be known for a few more months, and it’s too soon to second guess what this could mean for manufacturers and retailers in the U.K. Will we default to World Trade Organisation rules and tariffs? Will there be a more helpful “soft Brexit”? Or a bespoke Customs Union?
It’s still too early to tell, but so far the only impact on consumer spend in U.K., as of the beginning of the year, has been:
- Inflation
- Price Sensitivity
- Consumer Sentiment