BY PAUL HANNON
LONDON—Britons have remained gloomy about their prospects for the longest time since records began 40 years ago, according to a survey released Friday.
The information follows a report that confirms the U.K. economy contracted by 0.3% in the first quarter, and showed its fourth-quarter contraction was at 0.4%, deeper than previously thought. Households cut back on spending and on savings to compensate for a 0.9% drop in household disposable income, contributing to the contraction.
A separate survey also found that while banks and other financial-services companies saw a pickup in business during the second quarter, their optimism waned over the …
Article source: http://online.wsj.com/article/SB10001424052702303649504577494473181115042.html?mod=rss_economy
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