Fixing the economy

David Cameron is defending the government's approach to the economy, as more gloomy figures provide food for thought.

A consumer confidence index from GfK Nop out today dropped to its lowest level since March 2009, in what Nick Moon of GfK NOP Social Research called an "astonishing collapse in consumer confidence".

That follows the GDP figures for the final quarter of 2010, which showed the UK economy contracting by 0.5%.

Amid risks of a double-dip recession occurring in the first quarter of 2011, the prime minister's comments to the Davos World Economic Forum in Switzerland are being treated with special attention.

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