Table of Contents
Consumers’ Response to the EU Referendum Result
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- What you need to know
- Sentiment dived as Brexit approached in October
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- Figure 2: Level of concern over the impact of the EU referendum, July 2016-October 2019
- Macro factors have seen the biggest slides
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- Figure 3: Consumer views on the impact of the EU referendum on the UK economy, October 2019
Current Financial Situation
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- What you need to know
- Consumers’ financial well-being remains strong…
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- Figure 4: “How would you generally describe your financial situation at the moment?”, October 2019
- …and has been steady since February
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- Figure 5: The financial well-being index, January 2015-October 2019
- Housing market concerns are having little effect on well-being
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- Figure 6: Current financial situation, by housing situation, October 2019
Changes in Financial Situation
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- What you need to know
- Half of people report unchanged finances from last year
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- Figure 7: “How would you describe your finances compared to a year ago?”, October 2019
- Sentiment has dropped since the summer
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- Figure 8: Changes in household finances, January 2015-October 2019
- Higher-earners are pushing ahead
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- Figure 9: Changes in financial situation, by annual household income, October 2019
Financial Confidence
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- What you need to know
- Financial confidence took a tumble in September...
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- Figure 10: The financial confidence index, January 2015-October 2019
- …but the vast majority still think they should be fine over the next year
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- Figure 11: “And how do you feel about your financial situation over the next year?”, October 2019
- Brexit opinions can be seen in financial confidence
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- Figure 12: Financial confidence for the coming year, by consumer views on the impact of the EU referendum on the UK economy, October 2019
Planned Financial and Spending Activity
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- What you need to know
- Financial activity has fallen but future plans remain stable
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- Figure 13: The financial activity index, January 2015-October 2019
- Seasonal differences are key
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- Figure 14: “Thinking about how you spend your money, which of the following have you done over the last three months? And which do you plan to do over the next three months?”, October 2019
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