The future is bleak for UK finances

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The consumer confidence that is currently present in the UK is at an all time low, with most UK citizens having little or no faith in the Government and their efforts to kickstart the economy.

So far things such as interest rate cuts have done nothing to alter the gloomy path that the UK financial industry is on.

The future is bleak for UK finances

A survey has revealed that the majority of Brits are gloomy about the financial outlook for 2009 and 2010.

The Nottingham, which conducted the poll, claims that 80 per cent of respondents predict that the credit crunch will last until the end of 2010, despite the fact the best efforts of the government and the Bank of England to reverse the shrinking of the economy.