All eight of the index’s underlying measures weakened and a score for household finances over the past 30 days sank to its worst point since January 2014.

 

Christian Jaccarini, an economist at Cebr, linked the fall to factors including the first interest rate rise by the BoE in over a decade and a slowdown in the housing market.

 

“With these economic headwinds set to persist…, households are understandably worried,” Jaccarini said.

 

Read the full article here.