According to the Telegraph, the following have gained from the recession:
1. Homeowners on tracker mortgages: The lucky people on tracker mortgages have seen their monthly repayments shrink as the Bank of England has hacked down interest rates to try and prevent out-and-out Armageddon in the economy. A 0.5pc point cut in interest rates would make a difference of £468 a year to a customer on a typical £150,000 mortgage.
2. Wetherspoons: The no-frills pub chain renowned for its cheap drinks has come into its own since the downturn really hit home in the autumn. Like-for-like sales increased 2.6pc in the quarter to Jan 18 and 6.4pc in the final two weeks, accelerating from a 1.5pc rise in the first quarter. More upmarket rivals have reporetd falling sales and profits across the board.
3. People making money from others' distress: There was a time everyone wanted to work in the City. But now the good times have moved on from the Square Mile and instead insolvency specialists, P45 processors and pawnbrokers are enjoying a boom.
4. Big beasts: The Prime Minister got one thing right: the recession has been "no time for a novice."