Figures from Nationwide have shown that confidence in the current economic and employment situation has fallen to its lowest level for some time, with only one in three people positive about the current state of the economy.
According to the building society, consumers were expecting house prices to rise 2.7% over the next six months, down from 2.8% expected in May.
Our view
Sentiment rises and falls depending upon how bleak the news is in the media and let's face it it has not been great these last few weeks. If England had won the World Cup, the picture would have been very different about our views of the economy.
In general, the economy is stable, interest rates are stable, although we expect some rise, property is stable and we should all be very happy with the current position - even our stocks and shares have rallied! Come on - is your glass half empty or half full?