Britons say major economic changes needed - Economy - News |

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Britons say major economic changes needed

Britons say major economic changes needed

Category: Economy

Updated: 01/04/2009
First Published: 01/04/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The general consensus among Britons is that major changes to the international and domestic economic system are needed if the current crisis is to be overcome.

Over three quarters of UK citizens believe that significant action must be taken to repair the global financial system, while a similar number (73 per cent) think comparable steps must be taken in the country's own economy.

Against the backdrop of the critical G20 summit in London this week, 70 per cent of people questioned across 24 nations said they think major changes are required to the way the global economy is run. Just four per cent think no alterations are needed.

Doug Miller, chairman of pollster GlobeScan, said: "The poll reveals a global mandate for bold action at this week's G20 leaders summit. Results suggest most people see the global economic system as flawed."

The findings are part of a global survey by the BBC World Service, which found that Britons are dealing comparatively well compared with other nations. In fact, over half (55 per cent) said that the recent economic developments had only affected them a little or not at all - the joint highest figure of all 24 countries polled.

This positive trend continued as just 19 per cent in the United Kingdom said that the shortage of available financial credit has negatively affected their families, while 37 per cent of those affected are hopeful that their situation will improve in a year or less.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.