By Daniel Hunter

Research from YouGov and the Centre for Economics and Business Research has shown that consumer confidence across the UK has risen this July.

Consumer confidence now sits at its highest level since September 2014, standing at 114.0, an increase of point one from June.

The data, from YouGov’s Household Economic Activity Tracker, shows that six of the eight measures which comprise the Index have increased. These are the backward and forward-looking figures for job security, business activity and house values.

However, amid talk of a rise in interest rates there has been a slight decline in people’s household financial situations both in terms of what they have experienced over the past 30 days and what they expect over the next 12 months.

When looking back over the past month, 18 per cent of consumers believe their household financial situations have gotten worse, while 10 per cent think they have improved. When looking ahead to the next 12 months, 23 per cent believe that their situations will be better while 28 per cent believe they will worsen.