The government is working on a saving scheme in a bid to encourage Irish savers, who have an estimated €170bn in deposits, to invest.

Some economists have raised concerns that this will only benefit the wealthy and that there is little benefit for the so-called “squeezed middle”.

Charlie Weston, Personal Finance Editor with the Irish Independent, joins Matt to run through what’s known about the scheme so far.

Hit the ‘Play’ button on this page to hear the piece.