Comments by Fitch Ratings on UK household finances
- Household sector's worsening financial health reduces consumer resilience to interest rate shocks and presents risks for UK consumer loan portfolios
- Consumer credit has been a key driver of rising household debt
- More recently, UK household debt-to-income ratio has risen
- Weaker household finances reduce resilience of consumer spending - by far the largest demand component of UK GDP - to shocks
- Brexit uncertainty creates risks of a bigger shock to growth and employment
Ah, the consumer rhetoric being thrown in again. While not new, it's another reminder of the issue surrounding the consumer and household consumption. This is something I've been pointing out since January.
Though it's not an immediate kind of impact, it's the sort of thing that weighs on a currency and sentiment when you look at data points.
