You are here: Home - Investing -

Optimism grows as households feel financial pressure ease

Written by:
Households are becoming more optimistic about the state of their finances and the economic outlook, according to the latest consumer confidence poll.

60% of British Households think that their personal finances will look up in the coming 12 months, according to YouGov’s UK Household Economic Activity Tracker (HEAT).

This is the greatest proportion since mid-2010.

The tracker also highlighted a growing confidence in the government’s handling of the economy, with a third of those expecting an economic recovery.

Joe Twyman, director of Political and Social Research at YouGov, said: “While in the main the public are still fairly negative about the economy and the government’s handling of it, George Osborne can take some comfort in the fact that this negative sentiment seems to be abating with optimism creeping in.

“We are now at the midway point in the life of this government and after more than two-years of some gloom people are going to be looking for relief. The challenge for the chancellor will be to show that this Autumn Statement is going to positively impact ordinary households.”

Also commenting on the results, ASR Chief European Economist Dominic White, said: “I suspect the reason people are becoming more confident in the government’s economic management is because they are looking at their own financial situation and seeing a modest improvement.

“The wider macroeconomic situation is still fraught with uncertainty, but it should be encouraging to the government that people are heading into 2013 feeling better about things than they did heading into 2012.”

Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Brits still aspire to own homes

Brits still dream of being a nation of homeowners according to Clydesdale and Yorkshire Banks.