British people are more confident in their own finances than the country's, according to the latest Lloyds Bank Spending Power Report.

Whilst just two in five (40%) have confidence in the UK's finances, a clear majority (66%) feel their own finances are in order.

Almost half (46%) of people lack confidence in the UK's current employment situation, yet 81% are comfortable with their own job security.

Likewise, 54% report a gloomy outlook on inflation which would normally indicate a potential squeeze on spending. However, four in five (80%) report having disposable income after bills and essentials have been paid for.

In fact, over two thirds (69%) of people feel they either have the same amount or more disposable income than they did at the start of 2018.

And it is millennials who are most likely to report the increase in spare change, with 30% of those between 18 and 24 experiencing an increase in disposable income since the start of the year (vs 27% of 25-34, 15% of 35-44 and 11% of 45-64).

Robin Bulloch, managing director of Lloyds Bank, said: "During this heightened period of economic uncertainty in the UK, it's understandable that many will err on the side of caution when considering the future of the country's finances.

"Therefore, the optimism and resilience shown by people in their own finances is great to see. This demonstrates that people are really taking control of their finances and effectively managing their money."