Confidence in economy plummets following spending review

Fear and loathing? Public concern is rising about the state of the ecoonomy.
Fear and loathing? Public concern is rising about the state of the ecoonomy.

By politics.co.uk staff

Public confidence in the UK's economic performance has plummeted in the wake of the spending review, a new poll has revealed.

Research by ComRes for ITV News showed 57% of the public were pessimistic about the future state of the UK economy, up eight per cent from before the spending review.

Just 31% of respondents considered themselves optimistic about the economy's prospects.


Forty-eight per cent of people said they were more worried about the UK economy than they were three months ago, up six per cent on pre-spending review figures.

Asked if they believed the UK was generally heading in the right direction, 40% said no, an increase of eight per cent since the spending review. That compared to 37% who said yes.

Interestingly, the less well off were becoming increasingly convinced that they would suffer the effects of the spending cuts announced last week.

While just 34% of people in AB social groups were pessimistic about their personal financial situation, 53% of people in DE social groups felt the same way.

In general, 45% were optimistic while 42% were pessimistic about their personal circumstances.

Comments

Politics @ Lunch

Friday lunchtime. Your Inbox. It's a date.