From the Guardian · · 1m
UK consumer confidence hits three-year low
Fears of interest rate hikes and job insecurity drop UK consumer confidence to three-year low.
In brief
Fears of interest rate hikes and job insecurity drop UK consumer confidence to three-year low. UK consumer confidence falls to a three-month low as fears of interest rate rises and job insecurity grow. Originally reported by the Guardian.
consumer confidence drops
fears of interest rate rise and job insecurity send uk consumer confidence to three-year low.
s&p global survey shows
s&p global consumer sentiment index dropped to 42.7 in september from 42.9 in august.
mortgage costs rise
average two-year fixed residential mortgage rate rose to 5.88 percent on monday.
mortgage payments increase
a typical loan of £250,000 over 25 years will see monthly payments rise by about £150.
economist warns
maryam baluch said improved sentiment is eroded by worries over energy prices and job prospects.
chancellor faces pressure
healey could announce tax rises to offset government borrowing costs but risks limited funds.
next steps unclear
analysts say healey may limit tax rises to wealthier groups but lacks funds for defense spending.
The headline
UK consumer confidence falls to a three-month low as fears of interest rate rises and job insecurity grow.
