Shock rise in number of people defaulting on their mortgages as consumer confidence at hits lowest ebb for 20 years

Daily Mail
"The number of people unable to pay their mortgage bills has risen unexpectedly during the first quarter as lenders warn of further defaults if interest rates rise.The result comes despite the bank's base rate being held at the record low of 0.5 per cent while consumer confidence suffered its biggest drop since the recession in 1992."