BusinessCompany NewsConfidence in Brown hits new low

Confidence in Brown hits new low

A new poll has found that just over one in ten people believe the UK economy will improve over the coming year.

Read all about the pre-Budget report

This represents the lowest confidence level in the chancellor since the Sept 11 terror attacks, and comes just two days before he is scheduled to deliver his pre-Budget speech.

The MORI poll, conducted for the Financial Times found the biggest drop in optimism was felt amongst managerial and professional staff, as well as amongst the unskilled and unemployed.

In terms of economic regions, the biggest fall was in confidence was felt in London.

In his speech on Wednesday, the chancellor is expected to announce plans to increase government borrowing, while an increase in taxes is also being predicted.

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