Money Matters - Simplified

British consumer

Poll: Pessimism increases in Britain

London -- British consumers are more pessimistic about their economy than they were two months ago, a survey released Thursday said.

In a recent survey of 2,008 British adults, 88 percent of respondents indicated the economy was in "poor shape," Angus Reid Public Opinion said.

In addition, 64 percent of the respondents indicated their own financial situation was "poor," 4 percentage points higher than a May survey.

In May, 20 percent of respondents indicated they believed the economy was going downhill. In the current survey, 34 percent indicated the economy was deteriorating.