Epsos Plules Opinion Company said on Sunday that the British confidence in the economy during the next 12 months has decreased to its lowest level ever, with only a few expected to improve during this period.
Epsos added that 75% of the British expect the economy to deteriorate during the next 12 months, an increase of 8 percentage points since March. Only 7% of the British believe that the economy will improve next year, while 13% believe that it will remain unchanged.
The negative percentage of 68 is the lowest degree of optimism since I Ibsos began collecting data in 1978.
Epsos indicated that confidence has already declined between British companies and consumers and that the latest American customs duties imposed by US President Donald Trump, concerns about the state of the British economy have prompted pessimism to a level that the country has not seen since the stagnation of 1980 and the global financial crisis in 2008 and the high cost of living related to the Corona’s pandemic.
Epsos said that the net economic confidence balance reached the negative 64 in all these periods.
These results are a blow to the aspirations of Prime Minister Kiir Starmer, who was elected last July, that Britain would become the fastest growing among the Group of Seven economies.
“Peas has already increased by 30 percentage points compared to last June, even before the numbers of this month were issued,” said the head of the British Policy Department in Ipsos Gideon Skinner.
He added, “A few prime ministers faced this level of economic pessimism after this period of their mandate.”
The British government, which is in charge of an economy that depends extensively on trade compared to other Group of G20 countries, is seeking to avoid American counter -tarit duties by negotiating a new economic agreement with the United States.
