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Brexit: 37% planning to tighten belts following historic vote

By Vicky Shaw

Published 29/06/2016

According to the survey, one in three people are going to cut back on big-ticket purchases such as holidays.
According to the survey, one in three people are going to cut back on big-ticket purchases such as holidays.

Around one in three people are planning to cut back on big-ticket purchases such as holidays and TVs amid fears over the impact of a Brexit on the economy and living costs, a new survey has suggested.

Half of people questioned also said they planned to put bigger chunks of their wages into savings as a result of the EU referendum, according to a study conducted on Saturday.

Some 61% of people surveyed agreed or strongly agreed that they were concerned about the future of the economy and felt the vote would have a negative impact on their personal finances, while 24% disagreed or strongly disagreed with this.

The study of around 2,000 people was carried out by economics research consultancy Retail Economics.

It comes after businesses raised strong concerns about the impact of the referendum vote on consumer confidence.

Belfast Telegraph

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