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Retailers are bearing the brunt of the U.K.’s economic uncertainty as households pulled back from making big purchases, recent surveys indicated.
GfK’s headline consumer sentiment measure held at minus 13 for a third month in April, close to its lowest level since 2013. Business optimism among retailers also fell, a separate report by Lloyds showed.
While Britons were slightly more confident about the general economic situation over the next year, they became less optimistic about their own personal financial situation and said they were less likely to make major purchases, GfK said.
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