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According to latest data from credit and debit card payment processor Visa, British household expenditure sank by 2% year-on-year in April and has now fallen over 11 of the past 12 months. BDN financial editor Roger Willis reports.

April’s high-street spending monitored by Visa was 5.4% down, while website purchases dropped by 0.1%. If this trend is uninterrupted, annual consumer spending will be the lowest since 2012. A separate survey carried out by the British Retail Consortium said footfall in bricks-and-mortar outlets during April was 3.3% lower, despite better weather.