- A new survey of over 2,000 British adults by insolvency and restructuring trade body R3 and ComRes say almost 1 in 5 British adults think their personal financial situation will worsen over the next six months.
- In fact, men and women worry about their future personal finance at similar levels. With 20% of men and 18% of women.
- This is the highest level of pessimism towards personal finance since February 2014 with the highest levels being located in the West Midlands.
- Mark Sands, Chair of R3’s Personal Insolvency Committee and a Partner at RSM, noted that, “the changes coincide with the period of rising inflation- and falling real wage growth”, so while “the continued consumer confidence across the UK since the vote has kept the economy buoyant… pessimism seems to be creeping back in”.
Arthur is a solicitor specialising in corporate law. He has been practising law for over 30 years and has practiced abroad. He is also a notary public. He specialises in mergers and acquisitions, banking law, corporate finance including private equity, AIM listings, corporate restructuring and corporate insolvency.