Boris Johnson strikes fear into Ireland: Irish consumers hit by BORIS BLUES – shock study

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Irish consumer sentiment as crashed to a near five-year low amid growing fears that Britain will leave the European Union without an agreement. Fears that a no-deal Brexit could prompt an economic slump has made consumers more sensitive in recent weeks, according to the latest KBC Bank of Ireland/ESRI consumer sentiment index.

The UK is witnessing a “Boris bounce” as household income, spending and wealth rose at the start of the year.

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In Ireland, consumer sentiment plummeted to 85.1 in July from 90.5 previously, according to the index reading.

Austin Hughes, an economist at KBC, said Dublin was suffering from a case of the “Boris blues”.

He warned that consumers had taken notice of the hardline Brexit stance emerging out of London since Mr Johnson became Prime Minister.

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Boris Johnson strikes fear into Ireland: Irish consumers hit by BORIS BLUES – shock study

Irish consumer sentiment as crashed to a near five-year low amid growing fears that Britain will leave the European Union without an agreement. Fears that a no-deal Brexit could prompt an economic slump has made consumers more sensitive in recent weeks, according to the latest KBC Bank of Ireland/ESRI consumer sentiment index.

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