The government is being urged not to hit people’s pockets hard in Budget 2014 in order to improve confidence in the economy.
The latest KBC consumer sentiment monitor shows a slight rise in confidence but people remain cautious in relation to their finances and spending.
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The bank says that the cut in the ECB interest rates and low inflation has helped produce a more positive sentiment this month.
Austin Hughes, Chief Economist with KBC Bank says while there are some positive signs, people are still aren’t spending money.
