UK consumers ‘more optimistic’

Britons are more optimistic than they were a year ago when it comes to their finances, a poll has found.

The Ipsos Mori poll conducted for Bristol University’s Personal Finance Research Centre found that 24 per cent of households expect their finances to get better in the next 12 months, up from 15 per cent a year ago.

At the same time, only 13 per cent anticipated things getting worse over the next year, whereas 36 per cent were this pessimistic in the 2008 survey.

Andrea Finney, the report’s principal author, said that the study showed that those in different European countries felt more or less optimistic about their prospects largely on the basis of the state of their national economies.

Britons may soon get more upbeat if the UK comes out of recession in the final quarter of the year.

Earlier this week, Bank of England Monetary Policy Committee member Andrew Sentence argued there is widespread evidence that the British economy is starting to grow again.

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