Brexit is coming, British consumers are beginning to hoard daily necessities

According to the latest market consumer analysis data released by the British Retail Consortium on the 4th, as the Brexit date approaches, in response to the uncertainty that may arise from Brexit, British consumers have started to tighten their spending and focus on food purchases since February. And the necessities of life, the purchasing power of market non-essential goods has obviously decreased.

On March 29th, the Brexit deadline is approaching, and consumer confidence is close to the lowest point in five years.

Helen Dickinson, executive director of the British Retail Consortium, said that the uncertainty surrounding the Brexit has already had an impact on consumer spending, especially in February, when consumers are less willing to pay for non-living necessities.

Barclays credit card director Esme Harwood said that the uncertainty of Brexit seems to be causing a change in consumer behavior, which has caused many British people to worry about rising prices, thus reducing the expenditure on non-essential items, and even some people are beginning to hoard daily. Essentials of life