Politics 10 June 2013 "There is a retreat from the local restaurant back to nights on the sofa” Business quote of the day. Print HTML “Any hint of adverse economic developments is likely to provoke a retreat from the local restaurant back to meal deals and nights on the sofa”. Peter Spencer, chief economic advisor to the Ernst & Young ITEM Club, warns that a recovery in consumer spending is set to be fragile, and it will be two years before levels reach pre-recession spending. › How the government's immigration rules are tearing families apart Helen Roxburgh is the online editor of Economia Subscribe More Related articles We are heading for the next recession – it's crucial the right people are in charge Five years of profitable themes and stocks… Chinese loan sharks are using nudes as collateral. Is this the grim future of revenge porn?