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Brexit Slows Down Brits Spending
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11 Sep 2017 11:52 AM EST

Brits are slowing down their spending. Shares in the consumer goods group behind kettle and toaster brand Russell Hobbs and Dreamtime mattresses fell almost 50% on Monday after it warned that Brits are slowing their spending.
Ultimate Products Global Sourcing said in a trading update that conditions are getting "tougher" due to rising inflation. The pound collapsed against both the dollar and the euro in the wake of last year's vote to leave the European Union. This has made importing products from overseas more expensive for retailers, which in turn has pushed up prices for consumers.

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