London is far from the world’s cheapest city, and when you’re embarking on a new career it’s especially important to make your money stretch as far as the law allows.

The knock-on effect of recession means graduates aren't just competing for entry-level jobs against experienced workers: they’re now competing against them for internships too.

Yesterday (22 Sept), The Times published a letter from a number of groups arguing that all unpaid internships are exploitative.

Vikram Sidhu is just coming to the end of his three months interning as a finance assistant. He reflects on his experience, and explains why he is glad he chose to do an internship.