The Government's plans to return Britain to growth have been dealt a major blow as new figures reveal household spending fell in October at its fastest pace since January, while debt levels rose for the first time in nine months.
Release of the figures comes as David Cameron prepares to deliver a speech to the CBI today, in which he will call on companies to create a "new economic dynamism", the Telegraph reports. He may face an uphill battle motivating business leaders as today's Markit survey found over a quarter of the 1,500 households surveyed said their finances had deteriorated since September, against just 7% who saw an improvement. The survey's headline balance was 40.0 - where anything below 50 indicates a decline in finances - which is slightly worse than September's figure of 40.2. Shrinking inc...
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