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  • UK consumer spending sees longest decline since 2013: Visa

    From reuters.com

    British consumer spending fell for the third month in a row in July in its longest losing streak in over four years, according to data released on Monday, in another sign that the impact of last year's Brexit vote is rippling through to households. Overall consumer spending, the engine of the British economy, dropped by 0.8 percent in real terms last month compared with July 2016, payments company Visa said. That was quicker than June's 0.2 percent fall, and following a further drop in May it marks the longest consecutive decline since February 2013, when a still-frail economy was struggling to recover from the ... (full story)

Match this data, to data evidencing a big expansion of personal debt.. and a decling saving rate?
And you does that suggest?

A. Majority of UK consumers are getting poorer?
B. Majority of UK consumers are getting richer?

Send your answers (A or B) on a postcard....

Happily Brexit will change all this. (sic)
"the impact of last year's Brexit vote is rippling through to households", so nothing to do with the gradual education from the likes of Lidl and aldi to show that the big-four supermarkets have been ripping us off for an extra 100%. Not to mention some accounting irregularities at one of those big-four businesses.
  • Post #3
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  • Edited at 8:22am Aug 7, 2017 7:52am | Edited at 8:22am
Ah... Aldi & Lidl.. big 4 ripping people off?
OR Lidl & Aldi cutting GMs short term to gain share?
Attached Image (click to enlarge)
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Check Operating Margins;
Sainsburys 2.4%
Tesco 1.8%
Morrisons 2.9%
ASDA owned by Wallmart.
WalMart OM 4.7%)
Source: Morningstar
Huh, I was reading some time ago that workers in UK had the greatest buying power in the world. Seems like Brexit will change something. Not a smart choice economical for most of the citizens in UK I guess.
Quoting cliffedwards
Ah... Aldi & Lidl.. big 4 ripping people off? OR Lidl & Aldi cutting GMs short term to gain share? {image} Check Operating Margins; Sainsburys 2.4% Tesco 1.8% Morrisons 2.9% ASDA owned by Wallmart. WalMart OM 4.7%) Source: Morningstar
Well Cliff, somebody with deep pockets must be funding Lidl and Aldi. As an occasional visitor over the last 15 years I can report that:- prices have risen in line with rises in other outlets, and the cost of basic non-branded foods remains at about half to two-thirds of the cost in equivalent popular outlets, depending upon the commodity.

Tesco margin at 1.8%?? On what? ....reselling mobile phone air-time?
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  • Posted: Aug 7, 2017 5:18am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 1,595