British Consumer Confidence Hits All-Time Low
British consumer confidence has hit a record low after big rises in the cost of living and falls in property values, new figures show.
According to a survey by the British Retail Consortium a third of Britons have major concerns about the economy.
The poll of more than 1,000 consumers found 60% thought job prospects were either bad or not as good compared with 50% last year.
More than half (57%) thought their personal finances would be bad or not as good over the coming 12 months compared with 46% six months ago.
On top of this three quarters believe now is not a good time to spend their money but hang on to it.
The BRC attributed the fall in confidence to increasing concern about job prospects, personal finances and spending power.
According to a survey by the British Retail Consortium a third of Britons have major concerns about the economy.
The poll of more than 1,000 consumers found 60% thought job prospects were either bad or not as good compared with 50% last year.
More than half (57%) thought their personal finances would be bad or not as good over the coming 12 months compared with 46% six months ago.
On top of this three quarters believe now is not a good time to spend their money but hang on to it.
The BRC attributed the fall in confidence to increasing concern about job prospects, personal finances and spending power.
