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[Misterjeff]

Yeh its probably nothing to worry about. As long as the rear trailing arms isnt wobbly and also if the beam isnt showing any signs of camber.

Most of the beams/rear brakes squeak when parked up. Its a fairly standard thing.

Thanks for the advice everyone
I can't see any camber on the wheel but it squeaks when driving. It's only audible at low speeds as engine noise covers it when I speed up.
I think I'll run it for a bit to see if it gets worse. I was just concerned that it might indicate a collapsed bearing or something dangerous.