Brits 'remain downbeat' on economy

11/09/2009

Despite tentative signs of recovery, 66 per cent of Brits remain pessimistic about the economic situation, with 37 per cent saying they are concerned about the state of their day-to-day finances.

A poll by Scottish Widows carried out to coincide with Financial Planning Week shows 36 per cent have a gloomy outlook on their long-term money situation, up seven per cent on last year.

Another 32 per cent are worried about coping in retirement, the research found.

Scottish Widows head of commercial management Alison Morris said that while it is not surprising many Brits are feeling downbeat about money matters given the turbulence of the past few months, now could also be an "ideal time" to review their goals and priorities.

"Although green shoots may be starting to emerge from the recent economic turmoil, the downturn of the past year should be the wake-up call people need to start taking their finances in hand," she said.

In a separate study published earlier this week, Nationwide said there were signs of cautious optimism among Brits, as the number of consumers who think economic conditions will be worse in six months' time fell 53 per cent in January to 21 per cent in August.

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