London, Aug 5 : British consumers are the grumpiest in the Western world, according to BNP Paribas economists.
Reviewing barometers of consumer confidence in Europe and the United States, they concluded that: "If there was a competition for the country with the most pessimistic consumers, the UK would be the winner".
The Independent quotes the GFK/NOP poll of consumer confidence, published recently, as saying that British households were more miserable about their fortunes than at any time since the survey began in 1974.
The housing crash of the early 1990s, two miners'' strikes, various energy crises, the three-day week, 9/11, 7/7, and the threat of nuclear annihilation during the cold war all failed to shred our optimism as comprehensively as the credit crunch.