Belfast Telegraph

Tuesday 29 July 2014

Two-thirds 'fear another recession'

A survey has found that two thirds of the public fear the UK is sliding into recession

Two-thirds of the British public fear the UK is heading towards another recession, a survey has shown.

The vast majority (85%) believe the European debt crisis has put the country's economy in danger and more than half (59%) are already cutting back on spending in anticipation of another plunge into recessionary gloom, according to the poll by ComRes.

Almost three-quarters (73%) said they were worried that another recession would have a severe impact on them and their family, while just 13% said they would not expect to be affected.

The results, to be broadcast on ITV News at Ten, showed an even higher number (77%) believed the crisis proved the UK was right to stay out of the eurozone.

A similar number (76%) said they thought the European debt crisis had been badly managed by Europe's political leaders.

But fewer than one in five (18%) believed Britain should contribute more money to help solve the eurozone's financial crisis, if it would help avoid another recession.

ComRes interviewed 2,046 British adults between November 11 and 13.

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