Tuesday, Jun 26, 2007
Sentiment is turning?
Firstrung: UK consumers believe interest rates will rise again, fuelling a slump in confidence about job security
This expectation of rate hikes has not been fuelled by a rise in inflation fears, since the balance of consumers expecting prices to rise rather than fall this year remained steady at 74 per cent in June. However, one of the consequences of this is that consumers' confidence about their own job security has taken a big tumble. Just 18 per cent of consumers feel more secure in their own job than a year ago - the lowest figure seen since June 2006, and represents an all-time survey low.
Posted by converted lurker @ 11:54 AM (151 views) Add Comment
4 Comments
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1. Planning4acrash said...
Could this precipitate another MPC split along last month's lines? The govenor out voted again?!
2. george monsoon said...
Fantastic
GORDON BROWN
3. enuii said...
Perhaps folks are also pissed of with the Terminal Treadmill that is living in the U.K. and have just given up, how a consumer based economy can survive (other than by more taxation to provide more intangible jobs) is beyond me!
4. Cstanhope707 said...
Patricia Hewitt to be our next Chancellor PLEASE....