No need to be so gloomy about UK consumer, says Primark boss

LONDON (Reuters) - British retailers are being too gloomy about the consumer outlook because the fundamentals of the UK economy are still sound, the finance chief of Primark owner Associated British Foods said on Thursday.John Bason pointed out that UK employment is at historically high levels, while disposable income is still rising.“Was there a degree of caution by the UK consumer (in the run-up to Christmas)? Possibly yes. But I find the comments about gloomy forecasts for the UK consumer..