Whilst some sectors of society, politicians perhaps, might be enjoying an economic recovery many are still struggling.

A poll by MoneySupermarket.com suggests that more than 30 million of us are in the red, excluding mortgages, with 75% having a credit card balance to pay off, and 40% of those using their cards to cover day to day expenses. Banks are owed money by 50% of us, and 10% of us owe payday loan companies, charging usurious rates of interest. The anticipated rise in interest rates may help those who can save but could severely hurt borrowers.