Brits paid out on average around £11,600 in regular bills last year.

One of the biggest single bills facing motorists could be broken down into bite-sized payments after the Government announced plans in the budget to consult on introducing Direct Debit for vehicle excise duty (VED), or road tax.

Having enough money to pay the bills is the number one concern for hard-pressed Brits in 2012.

Outstanding debts to the country’s small and medium-sized businesses have reached a high of £35.3 billion, according to new research from Bacs Payment Schemes Ltd (Bacs).