AS Paper 2, June 2017The UK Economy – Performance and Policies
AS Paper 2, June 2017, Q5(a)
Explain one likely reason for the change in consumer confidence between 2012 and 2015.
Short answerExplain3 marks
Context
The chart below shows the results from a survey of UK consumers’ confidence in their financial situation. A negative balance means that, on average, consumers reported their financial situation got worse, a positive balance means they reported it improved and a zero balance indicates no change. This is recorded on a scale from –100 to +100. UK consumer confidence …