Britons feeling ‘dismal’ about finances amid mounting debts, survey finds

Prolonged bad weather has done little to lift consumers’ spirits, an economist said. Photograph: ZarkePix/Alamy

The mood among UK households about their finances is “dismal”, according to research which suggested consumer spending remains sluggish and debts are mounting.

Consumer confidence in the UK is running at its lowest level in two years, a survey by S&P Global found, as households worry about their debts, their future financial prospects, and their savings.