John Hood, from the Equality Trust, discusses why millions are not saving

More than 6.5 million households have either none or very little savings according to new research from The Equality Trust. More than 40 per cent of working households have too little saved to pay even a month's worth of household bills, let alone cover one-off bills such as the typical £540 cost of a replacement boiler. Over a third of households owe more in debt that they have saved. Our reporter Mary Newman spoke to John Hood, from the Equality Trust.