Possibly the worst global financial crisis ever, and certainly the worst since the 1930s. That's the view of Mervyn King the governor of the Bank of England. And that is why the Bank decided to created another £75 billion in phase II of the process known as quantitative easing. The bank creates the money and then buys back government debt mainly from the high street banks, giving them more cash to lend to others. But no guarantee that they will.
Paul Lewis will be speaking to Mark Gull from The Pension Corporation and Philip Coggan, capital markets editor and Buttonwood columnist at the Economist.
Find out who's eligible for the Warm Homes Discount
Nearly a million pensioner households will get £120 off their energy bills in the spring. To qualify they must get the guarantee part of the state pension credit - and only the guarantee part. The rebate will be taken off their bill in the spring but they should be getting a letter next month to tell them they are eligible. But what if you are on a low income but not a pensioner? What help can you get?
Paul speaks to two of 'The Big 6' energy companies. He's also joined live by Jonathan Stearn of Consumer Focus.
Expert advise on credit card debt
Should we pay off our credit card debt as the Prime Minister almost said we should in his speech this week? And indeed are we paying it off as he actually did say? Money Box finds out the answer and gets advice on how individuals could work towards paying it off.
We hear from Sylvia Waycot from the publication Moneyfacts and David Nash from the research institute IPPR.
Who's eligible for BT's budget phone tariff?
The telecoms giant BT is obliged to offer a cheap line rental deal for low income people receiving certain means tested benefits. But Money Box listener Richard Hillary, whose wife Eileen receives pension credit (guaranteed credit), was surprised their application for BT Basic was rejected. Under the tariff the line rental costs £14.40 for three months, with a call allowance of £4.50. The programmes hears from Richard Hillary and also from Peter Oliver, BT's commercial director.
BBC Radio 4's Money Box is broadcast on Saturday at 1204 BST and repeated on Sunday at 2102 BST.