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Whereas nine families were competing to rent each property in the city five years ago, that number has risen to 54.

Government bonds have risen in value and that can offset some or all of the fall in shares depending on how your pension savings are allocated.

A number of bills have risen or are due to rise in April, which include water, energy, council tax and telecoms.

Ken Roggoff, the former chief economist at the International Monetary Fund, predicted that the chances of the US, the world's largest economy, falling into recession had risen to 50% on the back of this announcement.

By 1949, infant and child mortality had been reduced and the average life expecancy from birth had risen to more than 68.