ITV News Cuts Index 26 August 2011

ITV News Cuts Index 26 August 2011

Date Published: 25 Aug 2011

Categories: Economy | Politics | Public and communities | UK

Description

The ITV News/ ComRes Cuts Index shows the most pessimistic figures for the national economy since the Cuts Index started in October 2010.  More than 60% disagree that things in this country are generally heading in the right direction and 63% of people expect there will be another recession in the next year. Moreover, 69% of the British public now thinks that the state of the UK economy has got worse over the past three months (new record and up from 38% on October).

People say they are cutting back their spending now, because they think there will be a second recession soon; they disagree that the national economy is getting stronger and are concerned about the financial markets.

Do you agree or disagree with each of the following statements? (%)

If the British economy doesn't pick up very soon, the Government should reconsider its planned programme of spending cuts
Agree: 65%
Disagree: 18%
Don’t know: 17%

I expect there will be a second recession in the next year
Agree: 63%
Disagree: 13%
Don’t know: 24%

I am cutting back my spending now, because I think there will be a second recession soon
Agree: 54%
Disagree: 31%
Don’t know: 15%

When I hear about falls in the stock market, I become more worried about my personal financial situation
Agree: 49%
Disagree: 34%
Don’t know: 17%

I am not concerned about how the state of the financial markets affects the UK economy
Agree: 16%
Disagree: 71%
Don’t know: 12%

From my personal experience, I think the national economy is getting stronger
Agree: 10%
Disagree: 69%
Don’t know: 21%

Methodology: ComRes interviewed 2026 GB adults online between 19th and 21st August 2011.  Data were weighted to be demographically representative of all GB adults.  ComRes is a member of the British Polling Council and abides by its rules.  Full data tables available at www.comres.co.uk.