Recent figures show there are more working families living in poverty in the UK than those that are out of work.
Remember the days when they used to tell us that it was sensible to save - that you'd be rewarded for putting something aside.
Believe you may be among the 3.5 million households or 300,000 businesses owed part of £400m from the Big Six? Here's how to claim it back.
Quick Response Codes will enable customers to compare the best energy deals with a "simple swipe of the phone", Ed Davey has claimed.
The Government said it was introducing the scheme because companies "still haven't done anything about it" despite evidence that it could make a real difference to customers.
The Energy and Climate Secretary said:
We’re determined to make energy markets work better for consumers – and despite all the evidence showing that QR codes on bills would make a real difference to people, energy companies still haven’t done anything about it.
That’s why we’re acting to make sure people have a quick, straightforward way to compare the best deal for them with a simple swipe of their phone.
With so many of us using smart phones and tablets nowadays it would be strange if we weren’t using the latest technology to help us save money at home.
The Government says it will put "consumers in control" of their energy costs by introducing Quick Response codes to bills.
Customers will be able to get an instant cross-market comparison under the plans, Energy and Climate Change Secretary Ed Davey said.
The codes will allow smartphone users to transfer data from their bill to their smartphone and computer which will help customers control their energy consumption and costs.
The Government said it was taking action as there had been no "voluntary move" by the energy sector to introduce QR codes.
Mr Davey also suggested that vulnerable customers who do not use smart phones would benefit from the scheme as they could receive additional support from family and friends on their energy costs.
A Comres / ITV news poll has found that half of the public say that savers are being made to pay for the economic crisis. It also found a similar proportion say they are “frustrated” that interest rates have not risen in the past year (37%) as say that they are “relieved” (33%).
Twice as many people say that interest rates remaining at 0.5% has harmed their financial situation (39%), as say it has benefited their finances (20%).
The majority (55%) say that, by keeping interest rates low, savers are being made to pay for the economic crisis.
Two thirds (65%) agree, in the current economic situation, the Government is more concerned with protecting the banks than the British public, representing a six-month high. Pollsters spoke to 2,055 British adults online between February 28 and March 2.
Claims management companies should be banned from making "nuisance calls" about mis-sold PPI, after it emerged they had probably pocketed £5bn from compensation claims.
Citizens Advice Bureu (CAB) chief executive, Gillian Guy, explained:
– Gillian Guy
By banks originally dragging their feet and providing inadequate redress, claims management companies seized an opportunity to take up to 25% of people's compensation for admin work that consumers can do themselves for free.
Some claims management companies operate well below the standards that are expected and sometimes outside of the rules.
The regulator needs to quickly revoke the licences of firms that are not up to scratch.
We'd like to see a ban on cold calling by claims companies which would spare people from nuisance calls and protect consumers from predatory firms.
Some 28% of claimants who pursued PPI compensation felt under pressure by their representatives to do so, research has found.
Consumer research carried out by The Citizens Advice Bureau (CAB) found almost a third of those who used claim management firms to pursue their compensation felt under pressure to continue with their claim.
This came after claims management firms were estimated to have made £5bn off consumer claims for the mis-sold insurance since the compensation drive began.
CAB also found a lack of understanding among consumers about how best to claim compensation.
Nearly two-fifths (39%) of people who had used a claim firm said they were not aware they could have made the claim themselves, according to a survey of more than 5,000 Britons.
David Cameron is expected to acknowledge a failure to properly explain the reasons behind the Coalition's tough economic measures, in a speech later.
The Prime Minister will say: "Too often we've given the impression that we're just about fixing problems rather than changing things for a purpose.
"But that completely misunderstands what we're trying to do."
Mr Cameron will stress that Government cuts are based on "values", specifically getting to grips with the deficit and giving people "a sense of economic security".
The Government's spending cuts are not being made for their own sake but are instead based on "values", David Cameron is expected to say.
In speech later, the Prime Minister will say the Coalition's austerity programme is designed to "give people a sense of economic security and peace of mind".
He said that security came from "having more money in our pockets", saying "every efficiency" found could help provide "a bit of extra cash" for hard-pressed families.
The number of mortgage approvals granted to home buyers reached a new six-year high in January, Bank of England figures showed.
A total of 76,947 approvals with a value of £12.4 billion got the go-ahead last month, marking the highest number since November 2007.
However, loans, including overdrafts, to non-financial businesses fell by £600 million in the first month of the year and that decrease follows a fall of £1.7 billion in December.
Lending to small and medium-sized enterprises fell by £300 million compared to the average monthly decrease of £500 million over the previous six months.