Only one in ten feel the positive effects of the economic recovery

Only ten per cent of people feel as if they are part of Britain's economic recovery, new research has found.

According to mirror.co.uk, a survey of over 4,000 adults by KPMG and charity Shelter has shown that the vast majority do not feel their finances have improved recently – despite over a third believing an economic recovery is currently taking place.

Almost half responded that they won't begin to feel the effects until their wages have increased and a huge 69 per cent said the recovery won't seem real until it is easier for young people to purchase their first home.

Moreover, only eight per cent of respondents said home ownership prospects have improved and three quarters said it has gotten worse over the last year, despite the implementation of schemes such as Help to Buy, reports dailymail.co.uk.

Campbell Robb, chief executive of Shelter, said house prices and high rents need to be tackled if UK residents are to feel the full effects of the recovery.

“Every day our advisers see the reality that our housing shortage is now hitting people from all walks of life and across the income scale,” he explained. “This poll makes it clear that no political leader can win the trust of voters on the economy or the cost of living without addressing high rents and house prices.”