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The combined effect of rising unemployment in many industries and lapsed consumer confidence left winds whistling through the empty corridors of department stores.
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Inflation has been weighing on consumer confidence, leaving the average household worse off as costs, for example for gas and electricity, have climbed.
Business and consumer confidence will be hit.
Tony Cross at Trustnet Direct said: We're seeing some notable losses in early London trade as disappointing sessions in the US and Asia have combined with generally lacklustre earnings and a downbeat UK consumer confidence reading, leaving at least some investors looking for a way out.
Since the Leave vote, consumer confidence has fallen, businesses have expressed alarm, and economists have downgraded their growth forecasts.
"We think it will boost consumer confidence.
The result is still-depressed consumer confidence.
Where is consumer confidence?
Consumer confidence has improved.
Consumer confidence is crucial.
So has consumer confidence.
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