Confidence in UK economic strength has dropped from 45 per cent in May 2015 to 28 per cent now following Brexit, the pandemic, a cost-of-living crisis, rise of Gen Z and geopolitical issues, a Barclays survey found.
But confidence in non-essential spending has been strong, averaging 53 per cent from 2015 to now.
Confidence in household finances has been resilient, never dipping below 52 per cent.