Age of Austerity: UK Edition

By Greg Scoblete
October 29, 2010

Economic outlook sour in Great Britain

Not much economic optimism in Britain:

'Few people in Britain believe the countryâ??s economy is performing well, and a sizeable proportion of respondents expect the situation to worsen, a new Angus Reid Public Opinion poll has found.

In the online survey of a representative sample of 2,021 British adults, 86 per cent of respondents (+4 since September) describe the United Kingdomâ??s economy as being in poor or very poor condition, while only 11 per cent (-3) describe it as good or very good.

Three-in-five respondents (59%) continue to rate their personal finances as poor. While 11 per cent of Britons expect the UK economy to improve over the next six months, 41 per cent foresee a declineâ??including 57 per cent of respondents in Scotland.

More than half of respondents (55%) believe the recession will not be over until after 2011, while 16 per cent foresee the end of the downturn in 2011.

'

See the full results here. (pdf)

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