Today's episode of Wake Up To Money was not broadcast due to coverage of the Australian Open. The 5 Live Money team will be reporting the big business stories throughout the day.

Thousands of jobs are being axed in the investment bank division of the state-controlled bank RBS, but will taxpayers feel the benefit? Are personal injury claims sending car insurance sky high?

A powerful committee of MPs warns the government its new consumer watchdog must break with the "box-ticking culture" of the past. A leading accountancy firm tells us why the Bank of England needs to inject more money into the economy

Social Housing tenants who sub-let their homes could be sent to prison under Government plans. It's not in the eurozone, but Hungary is the latest country to start talks with the IMF about getting a bailout.

The Prime Minister plans to get to grips with excessive boardroom pay levels after he promised shareholders more power to stop excessive pay. Rolls Royce Motor Cars announces it's sold the most cars in its 107 year history

The Financial Ombudsman says mis-sold Payment Protection Insurance will remain a big problem for consumers in 2012.

Are you subsidising your employer by working for free? British workers are doing two billion hours of unpaid overtime according to the TUC. The scrap metal industry and police are launching a crack down on thieves who steal metal from churches and railways then sell it on

The Institute for Fiscal Studies says families with young children are bearing the brunt of the government's austerity measures. The first high street retailers prepare to publish their Christmas performance.

We look back at some of the biggest business stories of 2011, in the year's last Wake up to Money. Also in the programme, from 1st January the airline industry will have to join the Emission Trading Scheme that has applied to other industries since 2005. Airlines will have to buy and sell allowances to emit CO2, which is supposed to encourage the industry to invest in more fuel efficient aircraft.

Debt management companies are expecting a surge of calls for assistance once the New Year celebrations are over, as figures from the Insolvency Service show a sharp increase in a scheme known as a Debt Relief Orders. Though inflation has been easing and economists expect it to continue to fall next year, analysis from the financial research company Defaqto shows less than one per cent of savings accounts provide a real return when inflation and tax is taken into account