Fears over the prospect of unemployment have dented consumer confidence, a new survey has revealed.
The British Retail Consortium (BRC) runs quarterly surveys in consumer confidence, with the latest results showing that 28 percent of people interviewed thought that job prospects over the coming year would be bad.
The previous quarter revealed that 20 percent of people asked thought that job prospects were bad.
There was also an increase in people concerned over their personal finances. There were increases in people worried about utility bills, food prices and personal finance.
84 percent of interviewees still thought that the UK was in recession and it is feared that this public perception of the economy may slow down any further recovery.
BRC director Stephen Robertson said: “Consumer confidence is now down to its lowest for a year and these results suggest prospects for the early part of next year are fragile. People’s fears about job prospects for 2011 are the main cause.”