- Wednesday, 26 May 2010Consumer confidence will only increase if Britons learn how to handle their finances, claims a money education charity.
People could handle their finances through effective
debt management, savings accounts and switching accounts to ensure they find the best deal.
Chris Tapp, director of the charity Credit Action, said: "People have to be helped to manage their resources. If you are confident and in control of your finances, and you have some savings, then you as a consumer can be confident."
He added: "People need to get back to basics of living within their means. A more confident consumer is one that is in control."
Mr Tapp believes that the government did all it could to combat the recession last year but that recovery will be slow.
According to the British Retail Consortium, consumer confidence is at its highest level since November 2007 but people are still worried about the economy, debt, jobs and bills.
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