Majority of Britons feel financially secure - poll

THE majority of UK households are feeling financially secure, with 70% of people confident enough to plan a summer holiday, according to a survey.

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The number of people feeling financially secure has risen this quarter by three percentage points to 58%, while confidence that the UK economy is improving has risen to 17% from one in 10 three months ago, the KPMG Consumer Pulse poll found.

The survey of 3,000 UK adults, taken in early June, found 50% feel able to spend freely, although 14% say they are still having to actively cut their discretionary spending to pay for essentials, and 3% of are incurring debt to do so.

Reflecting on their spending during the last three months compared to the previous quarter, consumers most commonly said they had spent less on eating out.