According to a Lloyds TSB survey UK adults feel more insecure about their jobs than they have done for at least six months.
The Corporate Markets division of Lloyds TSB carried out the survey amongst UK adults in employment and found a significant change in confidence compared with the previous month. They also found that almost three quarters of the respondents thought that prices had risen in the last year, again a higher number than just a month before.
It appears then that consumer confidence, with all the things that have been happening around them recently, is at a low, though Lloyds TSB are hopeful that the Bank of England will use more interest rate cuts to get consumer confidence back on an upward trend. There was a 0.25 percent cut in the base rate at the end of November and a couple more of those would certainly put people in a better frame of mind.