British investors are showing immediate signs of behaviour modification with two thirds reducing their consumption levels in light of the London FTSE retreating back to its 2003 levels.

Investors in the UK are not expecting the current situation to reverse itself any time soon either, with their projections over the next year also subdued.

A new study by CoreDatata Research UK has found 65.9% are spending less right now as a result of the current economic climate, while less than 10% are spending more, or expect to in either six or 12 months time.

What effect is the present economic climate having on your spending habits?

As you would expect the first things to be culled is spending on non-essentials, such as holidays and entertainment.

Even with cut-price airlines and hotel chains across Europe the demise of many investor portfolios may see more Brits reverting back to the traditional local beach trips come holiday time rather than a visit to Spain or Greece.

How have your spending habits recently changed or will be expected to change in the near future?

Having said that, a large proportion of UK investors anticipate riding out the storm, this is likely to be in the form of not having to realise their share assets at their current values.

A small percentage of investors (2.5%) are sitting pretty, it would seem, perhaps having cashed out of their investments prior to the markets heading south. .

How concerned are you about current conditions in UK financial markets?

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