Consumers are spending their extra cash away from the high street

Retail sales figures, which don't include restaurants, hotels and foreign travel, show just a 0.2% increase on previous month

The petrol price dividend from price falls at the pumps is being spent on eating out, trips abroad and short breaks to Britain's growing number of boutique hotels.

That appears to be the message from May's retail sales figures, which don't cover restaurants, foreign travel and the hotel trade and ticked up just 0.2% on the previous month

The UK's economic growth remains unbalanced and is too reliant on consumer spending