Consumers Remain Positive Through Uncertainties

A survey conducted by Nationwide revealed how consumer confidence has risen for the first time since the general election, although impending cuts and job uncertainty are expected to have an adverse effect in the near future. Optimism among consumers is increasing as the number of people who thought the economic situation would be good in 6 months’ time increased by 3% to 26%.

Mark Saddleton, Nationwide's head of economic and market analysis, said “While there is still a long way to go before it can be said that confidence has returned, these figures are an encouraging sign that consumers may be starting to feel more upbeat as the UK continues to recover from its deepest recession since the Second World War.”

One of the big challenges facing the third sector during the recovery is how to provide effective money advice to help channel increased consumer confidence into sustainable fiscal activities.

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