Household spending falls as inflation hits three-year highInflation has hit a three-year high, underlining fears that squeezed UK households will continue to cut back as a thinktank predicts spending will not recover to its pre-recession level until at least 2013. The Institute for Fiscal Studies lays bare a drop in spending that is longer and deeper than during any recession in recent history. Charities are warning that many households continue to strug
