Britons are more pessimistic about their economic outlook

Britons are more pessimistic about their economic outlook ...

According to an opinion poll published on Thursday, people in Britain have turned more pessimistic about the economy owing to increasing pressure on household budgets because of rising energy prices and greater inflation, according to a survey published about Thursday.

Kantar Public polled 28 percent of respondents, which predicted the economy would be in a worse state in 12 months' time, up from 20% in August. Those who believed it would be doing better swerved in six points to 24 percent.

More than half of the youngsters were concerned about not being able to keep their house warm enough this winter, while three in 10 said they were finding it difficult to maintain their household budgets than a year ago, boosting six points from August.

The wholesale natural gas prices have slowed over the last month, resulting in the collapse of several smaller British energy suppliers. Regulated household energy prices are about to rise sharply next month, and perhaps again in April.

Last week, the Bank of England raised its inflation forecast, which it now expects to rise at above 4%, and it reduced its economic growth forecast in the third quarter, in large part due to post-lockdown bottlenecks in supply chains.

Between September 23 and September 27, Kantar Public reported it interviewed 1,089 people.

In the three months to September, business growth continued to slow, but activity continued above its long-run average, according to a separate study.

The growth balance of the Confederation of British Industry, based on surveys of consumers, retailers, and other services firms, has dropped to +27 from +34 in the three months to August, with the highest drop in consumer services and distribution.

"The private sector recovery has slowed this month, as the immediate boost provided by delaying COVID-19 restrictions amidst octaneous mix of labor and materials shortages, and supply chain disruption," CBI deputy chief economist Anna Leach said.

William Schomberg wrote, editing, and David Milliken edited writing by William McCmik.

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