UK consumer morale hits 2-year low on spending cut worries

Newswire

LONDON, April 28 (Reuters) - British consumer morale unexpectedly deteriorated in April to its gloomiest since the UK was in the depths of recession, as people braced to take a hit from public spending cuts, a survey showed on Thursday. The GfK NOP consumer confidence index fell to -31 in April from -28 in March, its lowest reading since February 2009, and confounding analysts' expectations for a steady reading. All five of the survey's sub-indices are lower than they were both last ...

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