You are here: Home - Uncategorized -

Consumer confidence on the rise

Written by:

Consumer confidence in the economy has risen dramatically following Tony Blair’s announcement that he is stepping down as Prime Minister.

Consumers were upbeat about finances in May and felt comfortable that things would continue to be good over the coming months, as Chancellor Gordon Brown prepares to take over the premiership.

Six in 10 people believe that there are many jobs available now and are optimistic about job availability in the future.

However, these sentiments do not seem to make them feel like spending – there was a three point fall in the number of people who think that now is a good time to buy major items such as a house or car.

Fionnuala Earley, Nationwide’s chief economist, said: “Higher interest rates have not affected consumers’ overall confidence, but they do seem to be having an impact on their willingness to spend.”



Related Posts


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

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Lack of awareness among homebuyers

More than two in five (40%) of first-time buyers don’t know the difference between a leasehold and freehold property according...