Bloomberg News

Britons’ Pessimism on Economy Reaches Record Level in ITV Poll

October 19, 2011

Oct. 19 (Bloomberg) -- A poll conducted for ITV News found that 67 percent of British people are pessimistic about the future state of the U.K. economy, the highest percentage since the ITV Index began a year ago, the network said in an e-mailed statement.

The level of pessimism at this time last year in the poll, which is conducted by Comres, was 49 percent, ITV News said.

U.K. Business Secretary Vince Cable said in response to the poll results that while people must confront the “brutal reality” of the government’s spending cuts and the rising cost of living, there is a “route out of the crisis,” ITV News reported, citing an interview.

The poll, taken a year after the government introduced its spending cuts program, shows that one in five, or 22 percent, are optimistic about the future state of the U.K. economy, compared with 37 percent in October last year, ITV said, citing the poll.

Comres interviewed 2,024 British adults Oct. 14 to 16, the statement said.

--Editor: John Simpson

To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.


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