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Tuesday, 7 January 2014

Public confidence in the economy reaches record high

When it comes to economic expectations for the future, more than two in five Britons (43%) expect the UK economy to improve this year a ComRes poll for ITV News has found. This is a 12 percentage point increase on the proportion who said the same this time last year, about the outlook for 2013. 38% expect that the UK economy will not improve.

A joint record number of Britons (17%) say that their personal financial situation has improved in the last three months, equalling last month's figure. This suggests that despite continued concerns, a growing number of the British public are seeing improvements in their own financial position as economic growth continues. However, economic optimism doesn't seem to translate to optimism on a personal level looking forward into 2014. Half of the British public (50%) do not expect their personal financial situation to improve this year.

Despite Chancellor Osborne's emphasis on spending cuts, there is only a slight increase in the number of people who expect the government's Budget deficit to be lower at the end of this year than it is now (38%). 30% disagree and 32% do not know.

When it comes to global security, the British public is generally pessimistic about the outlook for 2014. Three in five (63%) say they do not expect the world to be a safer place in 2014, while only one in seven (15%) do expect it to be safer. This remains unchanged from the outlook towards 2013.

Results:

Q: Do you agree or disagree with each of these statements about the outlook for 2014?

I expect the UK economy to improve in 2014

  • Agree: 43% (+12) 
  • Disagree: 38% (-13) 
  • Don't know 19% (+1)
I expect that the Government’s Budget deficit will be lower at end of 2014 than it is now
  • Agree: 38% 
  • Disagree: 30% 
  • Don't know: 32%
I am worried about the security of my or my partner's job prospects
  • Agree: 31% (-2) 
  • Disagree: 44% (+10) 
  • Don't know: 25% (-8)
I expect that there will be another recession in 2014
  • Agree: 31% 
  • Disagree: 39% 
  • Don't know: 30%
I expect my personal financial situation will improve in 2014
  • Agree: 30% (+5) 
  • Disagree: 50% (-5) 
  • Don't know: 20% (0)
I am optimistic that the world will be a safer place in 2014

Agree: 15% (0)
Disagree: 63% (0)
Don't know: 22% (+1)

Base: All respondents (n=2,047). Numbers in parentheses are changes from 17th December 2012 regarding the outlook for 2013.

Q: Do you, or would you, trust each of the following politicians to see the country through the current economic situation?

Chancellor of the Exchequer, George Osborne
  • Yes: 26% 
  • No: 53% 
  • Don't know: 21%
Prime Minister, David Cameron
  • Yes: 32% 
  • No: 50% 
  • Don't know: 18%
Deputy Prime Minister, Nick Clegg
  • Yes: 15% 
  • No: 66% 
  • Don't know: 19%
Leader of the Opposition, Ed Miliband
  • Yes: 22% 
  • No: 58% 
  • Don't know: 20%
Shadow Chancellor, Ed Balls
  • Yes: 17% 
  • No: 60% 
  • Don't know: 23%
Leader of the UK Independence Party, Nigel Farage
  • Yes: 15% 
  • No: 61% 
  • Don't know: 24%
Base: All respondents (n=2,047)

Q: Do you think each of the following have got better or worse over the past three months?

The state of the UK economy
  • Better: 36% 
  • No Change: 34% 
  • Worse: 30%
Your personal financial situation
  • Better: 17% 
  • No Change: 45% 
  • Worse: 38%
Your job security
  • Better: 18% 
  • No Change: 55% 
  • Worse: 27%
Anti-social behaviour in my neighbourhood
  • Better: 12% 
  • No Change: 69% 
  • Worse: 19%
Crime
  • Better: 12% 
  • No Change: 55% 
  • Worse: 33%
Social disorder in some communities around the country
  • Better: 10% 
  • No Change: 52% 
  • Worse: 38%
Base: All GB adults (n=2,047) *All GB adults in work (n=1,109).