Heurist Finance

UK consumer confidence falls to three-year low on BoE rate fears

The Guardian · 4 hours ago
UK consumer confidence falls to three-year low on BoE rate fears
  • UK consumer confidence fell to a three-year low, with the S&P Global consumer sentiment index dropping to 42.
  • Households cited the likelihood of a Bank of England interest rate increase and rising job insecurity as drivers of the decline.
  • The drop is a blow to John Healey ahead of next month's budget, with UK households facing "notable strain" on their finances.

Quotes

“Consumers are concerned about the likelihood of an increase in interest rates by the Bank of England”— S&P Global
“the S&P Global consumer sentiment index dropped to 42”— Phillip Inman, The Guardian

Sources