Recession 'affects personal finances positively'
A recent survey has revealed that the recession is actually having a positive effect on the personal finances of many people in the UK.
The recession may be having a positive effect on the personal finances of many people in the UK, according to research published recently.A poll conducted by uSwitch.com found that around 4.3 million people in the UK may have been positively affected by the recession, with 35 per cent seeing their mortgage payments decrease as interest rates fall.
More than half (54 per cent) of those polled claimed they have been benefitting by taking advantage of the cheap bargain deals offered by retailers during the recession.
Meanwhile, three per cent of those polled even viewed losing their jobs in a positive light, as they claimed that being made redundant had given them new opportunities.
Louise Bond, personal finance manager at uSwitch.com, said: "Despite the doom and gloom, many consumers are seemingly exhibiting a 'British Bulldog' spirit amidst the financial crisis and finding ways to accentuate the positives."
According to the latest figures there are around two million unemployed in the UK at the moment.
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