Majority feel British economy getting worse

Two thirds of British voters think the economy is getting worse, according to a survey out Sunday, while an even bigger majority think public spending cuts are inevitable.

The ICM poll in the News of the World newspaper found that 66 per cent thought the British economy was worsening and 23 per cent thought it was improving.

Some 66 per cent said they had cut back on spending, with a majority of those who had done so saying they were eating out less, giving up luxuries, sacrificing holidays and only buying sale items.

Thirty-eight per cent said they could never imagine having the money they wanted to meet their needs, while 52 per cent said they had less hope for the future, and felt much poorer than they did two years ago.

The News of the World said the results showed Britain's resilience was being tested and scared citizens were crying out for leadership and a bit of hope.

When asked who they would rather have tackling Britain's budget deficit, 41 per cent said Prime Minister David Cameron and finance minister George Osborne, compared to 25 per cent for the opposition Labour Party.

Cameron's Conservative-Liberal coalition government has embarked on an austerity package of spending cuts in a bid to rein in Britain's record deficit.

Some 82 per cent thought the government's cuts programme was inevitable after bailing out Britain's stricken banks during the financial crisis.

While 77 per cent supported reining in spending, two-thirds of voters said the cuts were being imposed too fast.

Source : New Age

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