Gloomy economists have given a dim assessment of Brexit’s “lacklustre to catastrophic” impact on growth. The Bank of England also said a no-deal Brexit could cause a recession worse than the 2008 financial crisis. But despite the soothsayers’ predictions, plucky Britons remain optimistic about their personal finances going forward.
Half of those surveyed in a YouGov poll believed their economic situation will either remain the same or improve in 2019.
Asked about their financial prospects for the coming year, 13 percent believe they will get better and 37 percent say they will remain the same.
The number who believe their financial situation will worsen has grown by three percentage points from 37 at the end of 2017 to 40 in the latest poll, with “don’t know” on 10 percent.
The YouGov survey comprised a total sample size of 1,660 adults, with fieldwork undertaken on December 16-17.
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Brexit news: Britons are positive about their future outside of the EU, a poll has shown (Image: GETTY)
Mark Carney is the governor of the Bank of England (Image: GETTY)
It comes as an annual study by the Financial Times suggested lower business investment and depressed consumer spending could lead to weak growth as the UK leaves the European Union.
Diane Coyle, professor of public policy at Cambridge, said: “Given the political shambles, the outlook is anything from lacklustre to catastrophic, but who knows?”
She added: “I, for one, am stockpiling.”
Nina Skero, head of macroeconomics at the