Confidence in UK economy soars among Scots following independence referendum No vote

Kate McCann
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Consumer confidence has increased after Scotland voted to remain in the United Kingdom
Consumers in Scotland are feeling more confident in the UK economy following the No vote in the independence referendum last month, new research has found.

A survey by Barclaycard shows confidence in the economy rose from 30 per cent to 40 per cent following the vote, with the number of households expecting to have to increase their household spending in the next three months falling from 40 to 27 per cent. Consumers in England are also more confident across the board.

However, the research also shows that Scots are less happy with the outlook for their job security and career prospects, with both down nine percentage points.

The news follows weeks of uncertainty leading up to the referendum around currency, debt and the economic future of an independent Scottish state. Voters north of the border opted to remain part of the UK by 55 per cent to 44 in mid September.

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