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Description

Description

“Brexit has been delayed again. The public faces a Christmas general election. And the economy narrowly avoided a recession in September. It is no wonder, then, that consumer confidence has taken a hit. However, financial well-being is holding up and the vast majority of people think they’ll be OK in the year to come.”
– Rich Shepherd, Associate Director – Financial Services

What's included

What's included

Table of contents

Table of contents

  1. Key Findings

      • Brexit concerns have intensified
        • Confidence is down but consumer finances are still holding up
          • Key economic indicators
            • Figure 1: Key economic indicators, November 2019
        • Consumers’ Response to the EU Referendum Result

          • What you need to know
            • Sentiment dived as Brexit approached in October
                • Figure 2: Level of concern over the impact of the EU referendum, July 2016-October 2019
              • Macro factors have seen the biggest slides
                  • Figure 3: Consumer views on the impact of the EU referendum on the UK economy, October 2019
              • Current Financial Situation

                • What you need to know
                  • Consumers’ financial well-being remains strong…
                    • Figure 4: “How would you generally describe your financial situation at the moment?”, October 2019
                  • …and has been steady since February
                    • Figure 5: The financial well-being index, January 2015-October 2019
                  • Housing market concerns are having little effect on well-being
                    • Figure 6: Current financial situation, by housing situation, October 2019
                • Changes in Financial Situation

                  • What you need to know
                    • Half of people report unchanged finances from last year
                      • Figure 7: “How would you describe your finances compared to a year ago?”, October 2019
                    • Sentiment has dropped since the summer
                      • Figure 8: Changes in household finances, January 2015-October 2019
                    • Higher-earners are pushing ahead
                      • Figure 9: Changes in financial situation, by annual household income, October 2019
                  • Financial Confidence

                    • What you need to know
                      • Financial confidence took a tumble in September...
                        • Figure 10: The financial confidence index, January 2015-October 2019
                      • …but the vast majority still think they should be fine over the next year
                        • Figure 11: “And how do you feel about your financial situation over the next year?”, October 2019
                      • Brexit opinions can be seen in financial confidence
                        • Figure 12: Financial confidence for the coming year, by consumer views on the impact of the EU referendum on the UK economy, October 2019
                    • Planned Financial and Spending Activity

                      • What you need to know
                        • Financial activity has fallen but future plans remain stable
                          • Figure 13: The financial activity index, January 2015-October 2019
                        • Seasonal differences are key
                          • Figure 14: “Thinking about how you spend your money, which of the following have you done over the last three months? And which do you plan to do over the next three months?”, October 2019

                      This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.

                      • Market

                        Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.

                      • Consumer

                        Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.

                      • Brand/Company

                        Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.

                      • Data

                        Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.

                      Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted.

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