Confidence in economy plummets following spending review
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.
