A recent study by Compare the Market has indicated that UK households are becoming less confident about socialising and getting back into society once the lockdown restrictions are lifted.
Over half of people surveyed said they would not feel confident visiting public places, such as restaurants, cafes, pubs and cinemas once they reopen – 54%.
Not feeling in control of their surroundings and therefore not enjoying themselves was the main reason for lack of confidence, cited by 45% of respondents across all age groups and 56% of those aged 65 and older.
Anna McEntee, Product Director at comparethemarket.com, said: “The government has announced more details on its timeline to reopen the country for business, but the nationwide hesitancy to get back out into society could have a significant impact on the UK’s economic recovery.
“Even if financial confidence is tentatively increasing across households, this will do little good for the wider economy if it doesn’t translate into the spending in retail and hospitality sectors which have been so heavily hit by the pandemic.”
