UK consumers' concerns about inflation 'are highest in three and a half years'

Survey by Lloyds Bank finds people's confidence in Britain's financial situation has worsened amid rising prices

Worries about rising inflation among UK consumers are at their greatest in three and a half years, while people's confidence in Britain's financial situation has worsened, according to a survey.

A monthly poll by Lloyds Bank found that 65% of people felt negative about levels of inflation in July, up from 60% in June and the highest level since January 2014.