Consumer confidence – 2012 will be another bleak year for Brits

Consumers are expecting a tough 2012 as the reality of another year of price hikes, pay freezes and austerity measures bites deep, according to new research from uSwitch.com

The research highlighted:

  • Less than half of Brits are feeling confident about the new year and what it holds for them
  • Just 3% are feeling very confident
  • Nearly four in ten people will be financially worse off next year
  • 76% of consumers are worried about the rising cost of living, while 63% are concerned about household bills
  • The main priorities for consumers in 2012 will be saving money and clearing debt

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