Britons fear heading towards another recession: Survey

Two-thirds of Britons are living with the fear that the United Kingdom is heading for another recession, a survey has found. The news came as it was revealed that Britain has been rated the second-worst country in Europe to live in.

While 85 per cent of the people are of the view that the eurozone crisis has endangered the UK economy, a new report suggests that Britain's economic slowdown predated the recent turmoil, the Daily Mail reported.

According to the poll by ComRes, a leading market research agency, over half (59 per cent) of Britons are cutting back on spending in anticipation of another recession.

Nearly three quarters of the people admitted being worried that another recession would have a severe impact on them and their family, while just 13 per cent said they would not expect to be affected.

But less than one in five (18 per cent) believe that Britain should contribute more money to help solve the eurozone's financial crisis, if it would help avoid another recession.

The survey of over 2,000 people showed that 77 per cent believe the crisis proved the UK was right to stay out of the eurozone. About the same number of people believe that the eurozone debt crisis has been badly managed by Europe's political leaders.

Another study, a report by think-tank Demos entitled 'Good Growth', suggests that Britain is one of the worst places to live in Europe.