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Households on hold as output drops for first time since 1992

Spending by UK households fell for a second consecutive quarter in the three months to September - the first back-to-back drop since 1991-92.

Spending by UK households fell for a second consecutive quarter in the three months to September - the first back-to-back drop since 1991-92 - according to official data yesterday that point to tough times ahead for the economy.