An overview of the position of consumers in the UK suggests that confidence in the economy and budget has suffered its biggest monthly decline finance for 16 years.
The GfK NOP social research report, the results of which were released this week said rising tax was a key factor for the sudden and steep trust fall.
The study also said that more Government austerity measures and the surprise contraction of the economy, talk of a double dip recession meant though was the fact that "inevitable".
The eight-point decline was an important measure of the confidence of consumers between December and January minus 29, the largest monthly decline since late 1994. Meanwhile slipped the index of citizens of their financial situation represents expectations next year minus 12, down from plus 4 a year ago.
The soundtrack of expectations for the economy in the next year was minus 30, compared to minus two a year ago. This was a period of bad economic news for the UK:
Earlier this week showed the official figures that UK GDP by 0.5% 2010 shrank during the last three as December freezing weather caused major disruption in the economy.
Last week, the Office said for national statistics that inflation more than expected CPI increased by 3.7 had %.
Meanwhile earlier this month increased the standard rate of VAT from 17.5% to 20%.
Prime Minister David Cameron explained in talking about the recent spate of bad economic news that 2011 will 'choppy' be. This is his certainly, but it is to remember the mismanagement led us in this position.
By early 2012, UK should return to stable and sustainable growth, with a deficit that is concerning personal debt under control and greater responsibility. This is the goal, 2011 is the difficult journey.