Fears over interest rate rise and jobs send UK consumer confidence to three-year low

Blow to John Healey before budget as UK households face ‘notable strain’ on their finances

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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”.