Belfast Telegraph

UK Website Of The Year

Poll finds 47% of Britons expect economy to shrink following Brexit

Published 24/08/2016

A third of households expect their financial situation to be worse this time next year due to Brexit, a poll has found
A third of households expect their financial situation to be worse this time next year due to Brexit, a poll has found

Almost half of Britons believe the UK economy will contract in the next year as a result of the Brexit vote, according to a poll.

A third of households (33%) expect their financial situation to be worse-off this time next year and 47% believe the wider economy will contract as a result of the decision to leave the European Union, the Greene King leisure spend tracker found.

This is most keenly felt among young adults, with 62% of 18 to 24-year-olds and 53% of 25 to 34-year-olds expecting the economy to decline.

Just 8% expect an improvement in their prospects, the report says,

The average British household spent £209 on out-of-home leisure last month, a 2% or £3 increase year-on-year, the tracker reveals.

Greene King group marketing director Rob Rees said: "This month's Greene King leisure spend tracker reveals that the uncertainty created by Brexit is worrying Brits of all ages.

"The impact of Brexit on personal finances is a concern but, in fact, UK adults are more pessimistic about the prospects of the wider economy and the potential threat of recession later this year."

Read More

From Belfast Telegraph