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Page last updated at 06:16 GMT, Monday, 13 October 2008 07:16 UK
Today: Monday 13 October 2008

PLEASE NOTE: We are unable to offer transcripts for our programme interviews. Today is broadcast live and the running order is subject to change.

Barclays has announced that it will seek to raise 6.5bn without calling on government funding, the BBC has learned. Correspondent Hugh Pym and George Magnus, economic advisor to UBS, discuss the future of Britain's banking.

Foreign companies could be allowed to exploit oil fields in Iraq for the first time in 30 years. Iraqi Oil Minister Hussein al-Shahristani is in London to open the first round of bidding for contracts for eight Iraqi sites. Correspondent Jim Muir reports on why the government are opening up the industry to foreign investment.

Business news with Adam Shaw.

A bronze frieze with an image of someone falling in front of a train, which was due to go on display at St Pancras station in London, will not be completed. Sculptor of the piece Paul Day discusses his work with Mick Whelan, of the train drivers' union Aslef, who says that the image was entirely inappropriate.

Royal Bank of Scotland (RBS) is to raise 20bn of new money - including 5bn directly from government. Business editor Robert Peston reports.

Sports news with Rob Bonnet.

Local councils are worried by the loss of up to 750m in investments in Icelandic banks. Lord Oakeshott, a treasury spokesman for the Liberal Democrats, and Paul Coen, chief executive of the Local Government Authority, discuss whether criticism of councils for leaving money in the banks for too long is justified.

Today's papers.

Update on news of developments in the banking sector.

Thought for the day with Canon Dr Alan Billings, an Anglican priest.

The plan to increase the detention time limit for terror suspects from 28 to 42 days could be rejected by the House of Lords. Lord Harris, Labour peer and former chair of the Met Police Authority, and Lord Dear, crossbench peer and former chief constable of West Midlands Police, discuss whether the bill will be voted through.

The government is to inject up to 37bn of new capital into Royal Bank of Scotland, Lloyds TSB and HBOS. The Chancellor of the Exchequer Alistair Darling says the government will do "whatever it takes for as long as it takes" to bring stability. The move means the government will own just over 60% of RBS and 40% of Lloyds TSB and HBOS in a combination of ordinary shares and preference shares - but the Chancellor says that, eventually, the banks will return to the private sector.

Before the winner of the country's leading literary prize, the Man Booker, is announced, each nominated author will speak to the Today programme. Arts correspondent Rebecca Jones talks to Aravind Adiga, author of The White Tiger.

Sports news with Rob Bonnet.

Up to 50bn of taxpayers' cash is to be injected into four of Britain's biggest banks through the government's rescue package, the BBC has learned. Business presenter Adam Shaw, Paul Killik, of asset managers Killik & Co and Sir George Cox, former senior independent director of Bradford and Bingley, discuss the morning's announcements.

Gordon Brown is due to launch a plan to save the world's rainforests by paying developing countries for not chopping them down. Environment analyst Roger Harrabin reports on whether this new plan will be successful.

Militant groups in Gaza are re-arming, training and preparing for a possible renewal of violence, evidence shown to the BBC suggests. Middle East correspondent Paul Wood speaks to one 18-year-old woman who has decided to become a suicide bomber.

As Bruce Parry made his way down the Amazon for his latest BBC documentary he recorded some music made by the indigenous people of the region. This music has been put together as a charity album for Survival International. Bruce Parry and Ian Parton, a band featured on the album - The Go! Team, discuss the appeal of indigenous music.

Alistair Darling has said that the 37bn deal to help banks was a model that other countries would follow. Business editor Robert Peston, Sir George Cox, former senior independent director of Bradford and Bingley, and Professor Patrick Minford, of Cardiff Business School, discuss whether taxpayers have got a good deal.


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