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We look at the issue of pay rises in more depth, and ask whether middle Britain is actually the biggest loser in the economic recovery. Yesterday we reported that the average pay deal in the private sector in 2010 was 2%, and in the public sector just 0.75%, despite RPI inflation currently running at 4.7%. The programme hears from Jonathan Davis, an economist and investment adviser and John Philpott, chief economist at the Chartered Institute of Personnel and Development.

Meanwhile, the body that oversees auditors and corporate governance in the City, the Financial Reporting Council, is recommending a raft of measures aimed at improving communication between company boards and their shareholders. We ask Ian Wright, Director of Corporate Reporting at the Financial Reporting Council, why annual reports are often so poor at showing what's actually going on in the company.

Finally, we find out about the market for luxury vessels ahead of the start of the London International Boat Show. Ian Atkins, General Manager of YachtWorld.com who will be at the show later, joins us to discuss the impact that the recession and this period of austerity has had on demand.