Brexit: UK consumer spending growth slowed (April), expected to remain weak for months

A report from credit card company Visa

Visa's own index showed spending rose 0.5% in April

• down from 1%in March
• one of the slowest rates of growth in the past three years

Bloomberg with the weekend report, and they add more:

• A separate report from the Institute for Chartered Accountants in England and Wales showed while there was a jump in business confidence this quarter, retailing was the laggard among nine sectors covered
• "The trend of relatively modest expenditure growth is likely to extend in to the coming months, as consumers are squeezed by both rising living costs and relatively lackluster wage growth," said Annabel Fiddes, an economist at IHS Markit, which compiles the consumer index.

Now that the French election is out of the way we can switch eyes back to the unfolding of Brexit.

Happy days.