UK consumer confidence hits three-year low amid economic worries

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

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 ratesDaily Mail · 21 Sept, 13:44
• Fears over interest rate rise and jobs send UK consumer confidence to three-year lowThe Guardian · 21 Sept, 13:00

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

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem