Homeowner anxiety about house values has cancelled out any reassurance from the Government’s freeze on energy bills to drag down consumer confidence for another month, a survey suggests.
The overall YouGov/Centre for Economics and Business Research (Cebr) index fell by 1.1 points in September – its lowest level since January 2013 with the exception of April and May 2020.
Homeowners’ confidence in their property’s value saw the steepest fall since the early days of the pandemic, dropping 5.6 points to 124.8 to bring down the headline figure.
Consumer perceptions of their personal finances over the past 30 days saw a slight decline from 57.2 to 56.5, although outlook for the next 12 months saw an improvement of 1.3 points to 43.1 following Prime Minister Liz Truss’s freeze of energy bills at £2,500 a year for a typical household.
Among workers, respondents were more likely to report greater job security over the past 30 days, although outlook crept downwards.