UK consumer confidence remained at the same high level last month as it did in October, according to the latest survey from the Nationwide.

The Nationwide's index held steady at 73 - the same level as in October. The index hit a record low in January this year when it dropped to just 45 points.

"Confidence remained stable for a second consecutive month in November, suggesting that consumer sentiment is holding steady at the end of a volatile year for the index. At the beginning of 2009 we saw consumer confidence drop to record lows, but we have since seen this index return to pre-recession levels, said Martin Gahbauer, Nationwide's Chief Economist.