UK Financial Services Practitioners More Upbeat on Economy

Sixty-one per cent of the UK’s financial services practitioners feel more optimistic about the country’s economy than three months ago, according to a recent Chartered Institute for Securities & Investment (CISI) survey.

The autumn survey of 680 respondents has shown double the confidence level recorded when the CISI previously ran the poll in spring 2013.

In the latest survey, respondents were asked: Compared with how you felt about the UK economy three months ago, are you:

  •  More optimistic (61%).
  •  Unchanged (32%).
  •  Less optimistic (7%).

By comparison, when the CISI last ran the survey in spring 2013 the results were:

  •  More optimistic (31%).
  •  Unchanged (46%).
  •  Less optimistic (23%).

CISI UK economic optimism

Simon Culhane, CISI chief executive (CEO) said: “This survey shows that those in our sector are in tune with Bank of England [BoE] governor Mark Carney and his comments indicating that the UK recovery has ‘taken hold’.”

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