There were 84,000 complaints about dodgy used cars, making them the biggest problem handled by the nationwide consumer service.

Some 44 per cent of consumer service firms said business volumes were down compared with the previous quarter, as opposed to 9 per cent who recorded an increase.

Tracker funds have been a huge consumer service, with investors unquestionably getting better value for money - and mostly better returns.

Consumer service companies such as hotels, bars, restaurants, cinemas and gyms are also beginning to feel the squeeze as consumers cut their spending.

When signing up for an app, insurance policy, or any consumer service, always read the small print; it may say that your details will be shared with a third party.