Confidence shaken as housing market overheats

Public confidence in the UK economy has stalled in recent months, figures from the latest CISI survey suggest. Although the economy has returned to pre-recession levels, optimism has dropped slightly since autumn 2013. From the 600 participants in the online survey there were 60% more optimistic about the economy than three months ago. However, the results from the same survey conducted in autumn 2013, showed 61% of respondents were optimistic. The biannual survey results chart a 30% increase from spring 2013 to autumn 2013 followed by a 1% drop in spring 2014. Although there is growth in the economy optimism has been tempered by participant’s concerns over the housing market overheating.     DP

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