Bank of Friends used by cash strapped mates during the recession according to Post Office

Friends borrowed cash from each other during the recession. Money was exchanged between friends to cover costs during the economic downturn. Over a quarter of adults have lent an estimated £133 to an average of four friends in the past year, according to Post Office research. The survey found that the effects of the recession have meant that a new type of lending between friends has emerged, under what the postal company has labelled as the 'Bank of Friends'.