Scots Future Plans Remain Bright Despite The Economic Gloom

18/09/09

New research by Clydesdale Bank has today (18th September 2009) revealed that 70% of Scots are optimistic about their future plans despite the doom and gloom of the recession.

However, those questioned south of the border appear to be more worried with 42% of people in England and Wales changing their immediate and future plans as a result of current financial uncertainty.

Those questioned in the north east of England appear to be the most apprehensive with more than half (57%) claiming their life plans have been altered due to the economic downturn.  The most optimistic part of the UK is the Highlands with only 26% of those surveyed expressing any concern over their future or immediate plans.

Clydesdale Bank’s quarterly Housebuyers Report found that of those Scots that are worried, 33% of males and 28% of females have changed their future plans. 

More than a quarter (26%) claimed to have postponed changing jobs or career path as they feel insecure about the current job market.  A further 23% have cancelled plans to move home due to a lack of confidence in the housing market and 14% have shelved plans to buy a new car.

Steve Reid, Retail Director for Clydesdale Bank, said: “Inevitably, the current economic situation has got people thinking twice about their long term plans, especially when it comes to big financial commitments.  But as the survey reveals, it’s not all doom and gloom with the majority of Scots shattering the nation’s unfair reputation of being dour by adopting a positive outlook which is really encouraging to see. 

 ”When it comes to your long-term financial planning, the most important thing to do is seek advice from experts as there are a range of products which can help you to make the most of your savings.

“If you are worried about money it is also important that you seek help and we have a range of experts on-hand to help you find the solutions to your problems.”

Clydesdale Bank has a range of saving products.  For further information talk to a member of staff in your nearest Clydesdale Bank branch or visit www.cbonline.co.uk to find out more.”