New statistics analysing the biggest issues that are worrying Brits at the moment suggest that employment and energy bills are chief among those concerns.
The ‘GB Consumer Confidence Survey’ from Nielsen tracks consumer confidence, major concerns and spending intentions among more than 28,000 internet consumers in 56 countries. As its latest edition found, everyday costs and employment worries are holding back consumer confidence these days.
For 32% of the British consumers surveyed, increasing utility bills were the biggest or second biggest concern. The economic situation was the top cause for concern among 28% of Brits, while job security was the biggest concern for 22% of those polled.
According to the report, however, those last two subjects –economy and jobs- have gained importance for British people since last June.
In addition, figures reveal that the number of Brits feeling pessimistic about the state of their personal finances is at 58% – the lowest level for more than a year.
As a direct result of these trends, up to two out of three Brits plan to save on their gas and electricity, with 86% of customers believing the UK is still in recession.
“There’s not much to be cheerful about here,” said Stephen Robertson, British Retail Consortium Director General.
“Utility bills are people’s biggest concern with over half trying to save on gas and electric bills, confirming that rising costs and low wage rises are putting disposable incomes under huge pressure. With jobs fears mounting and no relief in sight this year, retailers are braced for a difficult Christmas.”
It is understandable that the demand for unsecured loans has increased in recent months.
Making cutbacks and budgeting is the most effective way to manage your expenses. Unfortunately, however, budgeting is not always enough. Unsecured loans are available to give you access to the funds you may require.
As with any form of borrowing, it is important to ensure that you are able to meet repayments and fully understand the terms and conditions attached to your loan.