A quarter (27%) expected Brexit to have little or no effect on their financial planning, but one in five (20%) feared interest rate volatility and inflation as well as unfavourable exchange rates, which could affect their future holidays.
Leeds Building Society members have mixed feelings about the New Year, with 40% feeling very optimistic and 27% very pessimistic.
A quarter (27%) expected Brexit to have little or no effect on their financial planning, but one in five (20%) feared interest rate volatility and inflation as well as unfavourable exchange rates, which could affect their future holidays.
Brexit was the word on many people’s lips, whether they feared or were looking forward to the UK triggering Article 50.
Richard Fearon, Leeds Building Society’s chief commercial officer, said: “A New Year is a time for fresh starts and looking forward.
“However, as the world is likely to remain unsettled economically and politically for some time to come, it’s difficult to make predictions.
“We’ll continue to focus on our members, working hard to understand their needs and surpass their expectations in 2017, and wish them all a happy and prosperous New Year.”
After the collapse of BHS two in five (38) expected more large chains to shut in 2017, while four in five (81%) expected online shopping to continue growing more popular.
