One in three finance directors believe the economy will fall back into recession as the squeeze on consumer spending continues, according to a survey of 131 chief financial officers by Deloitte. The survey, held in June, also found that on average they gave a 33% chance of a double-dip recession - the figure was 29% in the previous quarter. Of those surveyed, 34 were from FTSE 100 companies and a further 44 work for FTSE 250 companies. Deloitte vice chairman Margaret Ewing said: “The continued squeeze on UK consumer spending power seems to be weighing on corporate sentiment. Over the last year, real disposables incomes have fallen by 2.7%, the fastest rate of decline since 1976. “The mood of caution is reflected in a tilt in the balance sheet strategies employed by finance chiefs. CFOs are placing more emphasis on cost control and increasing cash flow than at any time in the last year.”