UK and Europe blighted by lack of confidence

Tim Wallace
Follow Tim
THE CHANCELLOR faces a major challenge improving confidence in the economy, as just 15 per cent of Britons believe the UK is in good shape according to an Ipsos Mori poll seen exclusively by City A.M.

Confidence has been flatlining in recent months, though it has increased a little over the last year.

The poll for November puts European countries at the foot of the global economic confidence league table, creating regional gloom which adds to the challenge facing the government.

Only six per cent of those in France and Italy believe their economies are in a good state, while four per cent of Hungarians feel the same way, alongside just three per cent of Spanish respondents.

But Germany represents one key exception, with 60 per cent seeing their economy as a healthy – though it too was hit by the wider gloom as that figure has fallen from 68 per cent in October.

“For anyone sitting in London, Paris, Madrid or Rome, this is a truly dreary set of results,” said Ipsos Mori’s Simon Atkinson.

“Economic confidence has flatlined at a very low level, with consumers showing few signs that they think things will change any time soon.”