London, 17 August - The latest TNS consumer confidence index shows that economic sentiment is down since the EU Referendum. A third of people (33%) think the economy has worsened when compared with twelve months ago - this is 11 points up on the last time this question was asked in April 2016 (22%).

The survey of 1,199 adults in Great Britain also showed an increase in the number expecting the economy to be doing worse in a year’s time – a seven point increase from 22% four months ago to 29% in the latest dataset.

The latest poll shows that fewer workers are anticipating a pay rise in the next twelve months – down six points to 18% from 24% in April 2016.

There has also been a seven point increase in the number expecting their income to decrease amongst those that are not in work, up to 23% from 16% in April 2016.

However, despite consumer confidence in the economy declining across several indicators, more people now feel the government’s handling of the economy over the past twelve months has been good (up to 27% from 23%).  The number rating the government’s performance as ‘poor’ is down seven points from 34% in April to 27% in August.

Commenting on the poll, Luke TaylorHead of Social and Political Attitudes at Kantar Public said, “This latest dataset suggests that confidence in the economy is back down at levels last seen in 2011/2012 when the country was in recession.

“While consumer confidence has declined in the past four months, there has been a sharp decline in the number rating the government’s handling of the economy as ‘poor’.  Time will tell if this is due to a honeymoon effect for the new Prime Minister, or an indication that people think the economy is governed by factors outside the government’s direct control.”

Notes to Editors
Download the survey data and further details on the methodological approach.

A sample of 1,199 adults in Great Britain was interviewed between the 5th and 8th August 2016. All interviews were conducted as online self-completion, using the Lightspeed GMI access panel as the sample source.

The data was weighted to match population totals for age, sex, working status, 2015 General Election voting patterns, education, region, and likelihood to vote in the next General Election.

For further information, please contact Sarah Green, Communications Consultant, +44 (0)7767 008 178.

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TNS advises clients on specific growth strategies around new market entry, innovation, brand switching and customer strategies, based on long-established expertise and market-leading solutions. With a presence in over 80 countries, TNS has more conversations with the world’s consumers than anyone else and understands individual human behaviours and attitudes across every cultural, economic and political region of the world.

TNS is part of Kantar, the data investment management division of WPP and one of the world's largest insight, information and consultancy groups.

About Kantar
Kantar is the data investment management arm of WPP and one of the world's largest insight, information and consultancy groups. By uniting the diverse talents of its 12 specialist companies, the group is the pre-eminent provider of compelling data and inspirational insights for the global business community. Its 30,000 employees work across 100 countries and across the whole spectrum of research and consultancy disciplines, enabling the group to offer clients business insights at every point of the consumer cycle. The group’s services are employed by over half of the Fortune Top 500 companies. For further information, please visit us at www.kantar.com.