Photo Credit: BBC News Online
From BBC News Online
A not-for-profit organisation should be created to represent the interests of savers, according to a new report.
It also calls for financial incentives to encourage those on low incomes to save money, rather than turn to payday lenders.
The Birmingham Policy Commission report is due to be presented in parliament later.
The report acknowledges that building savings is difficult for those on low incomes, but says "if people can afford to repay a loan, this suggests that they could afford to save".
Chair of the commission, the Bishop of Birmingham the Right Reverend David Urquhart, said, "Payday lenders are preying on some of the most vulnerable in society.
Full story: http://www.bbc.co.uk/news/uk-england-birmingham-24621657