UK more upbeat over Brexit impact than continental counterparts - poll


Consumers in Spain, Italy and Poland are more concerned about the effects of Brexit on their economies than the British are themselves, according to a poll.

Almost half of Spanish consumers (48%) fear that Brexit will have a "somewhat" or "extremely" negative impact on their own economy, as do 41% of Italian and Polish consumers, a Mintel survey of more than 7,000 people found.

In comparison, 39% of Britons say they expect the UK's vote to have a negative impact on their economy.

Mintel research director Toby Clark said: "The results show how widely the repercussions of the Brexit vote have spread and clearly highlight the risk that uncertainty and disruption have, as well as the potential to drag down consumer sentiment across the continent as a whole.

"But the data also shows that British consumers are much more upbeat about their prospects than their counterparts in other key European markets."

Mintel also found that 42% of Italian, 40% of Spanish and 50% of Polish consumers believe that the UK's vote to leave the EU will have a negative effect on their respective national unemployment levels.

In comparison, less than two in five UK consumers (37%) say they expect Brexit to have a negative impact on the UK's unemployment levels, with 24% saying it will have a positive effect.

The cost of living topped concerns among British consumers, with almost half (46%) saying they expect the cost of living to be negatively impacted as a result of Brexit, followed by 41% of Italian, 36% of Polish and 34% of Spanish consumers.

Additionally, the majority of consumers, both in the UK and in other European economies, expect Brexit to have limited or no effect on their career prospects.

Mr Clark added: "It's clear that the vote has unsettled people, but in the UK especially, people separate the impact that Brexit will have on the economy as a whole, and what it means for their own finances.

"For the moment at least, five years of steady economic growth and falling unemployment means that many people feel well-insulated from the potential downsides of the vote."