UK consumer confidence hits three-year low amid economic worries

Summarised from 2 outlets · Updated 21 Sept, 18:44 · Archive

UK consumer confidence has fallen to a three-year low as households worry about job security and rising interest rates.

The S&P Global consumer sentiment index dropped to 42.7 in September from 42.9 in August, indicating 'notable strain on financial confidence across UK households'. Consumers are concerned about steep rises in mortgage payments, job insecurity and energy prices ahead of next month's budget.

How it is being reported

• Household confidence slumps ahead of Budget as families fret about job security, rising energy bills and higher interest ratesHousehold confidence has slumped in the run-up to the Budget as consumers worry about job security, energy prices and rising interest rates.Daily Mail · 21 Sept, 13:44
• Fears over interest rate rise and jobs send UK consumer confidence to three-year lowBlow to John Healey before budget as UK households face ‘notable strain’ on their finances Business live – latest updates Fears of a steep rise in mortgage payments and increasing job insecurity have sent UK consumer confidence tumbling to a three-month low, according to a leading survey. In a blow to John Healey before next month’s budget, the S&P Global consumer sentiment index dropped to 42.7 in September from 42.9 in August, indicating “a notable strain on financial confidence across UK households”. Continue reading...The Guardian · 21 Sept, 13:00

In this story: UK · John Healey · S&P Global

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