People’s confidence in their finances is continuing to improve, according to a report from Lloyds Bank.

Lloyds found that compared with a year ago, consumers have become more positive both about their own financial situation and about the cost of living.

Claire Garrod, head of personal current accounts at Lloyds, said: “While people are still conscious of the factors affecting their finances, households are now much more positive about their spending power.

“We have seen sentiment improve over the last 12 months with a proportion of non-essential spend now being used to pay down debt, compared to being saved or spent.”

Facebook Comments

Leave a Reply