Report
Fears over interest rate rise and jobs send UK consumer confidence to three-year low
The GuardianFactual
UK consumer confidence has fallen to a three-year low amid fears of rising interest rates, higher mortgage costs, and growing job insecurity. The S&P Global index slipped to 42.7 in September, with over half of respondents expecting borrowing costs to rise further. The decline adds pressure on Chancellor John Healey ahead of next month's budget, as mortgage rates hit multi-year highs and employers scale back hiring.
