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Page last updated at 06:28 GMT, Friday, 17 October 2008 07:28 UK
Today: Friday 17 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.

The head of the Financial Services Authority has warned the City that the era of light-touch regulation is over. Conservative Party Leader David Cameron is to launch a stinging attack on Gordon Brown's handling of the economy. And the truth behind Robert Capa's war photos.

Why have the banks been reluctant to start lending to each other, despite borrowing being effectively guaranteed by the government? Head of the British Bankers' Association Angela Knight discusses whether the industry has stabilised since the government intervened.

The NHS must reappraise the way we decide which drugs are effective, the head of drugs body NICE says. Chairman Sir Michael Rawlins made the argument in a speech to the Royal College of Physicians. He says controlled trials are not effective in finding out whether the drug is working in the real world.

Business with Nick Cosgrove.

Sports news with JonMyers.

Only half of those convicted of possessing a firearm are given the mandatory sentence, figures obtained by the Liberal Democrats claim. The law says a minimum five-year jail sentence should be imposed. Chris Huhne, justice spokesman for the Lib Dems, and Gerald Butler, a retired judge, discuss whether "mandatory" means judges should be forced to imposed tougher sentences.

Today's papers.

Almost 30 years after it was first shown in the cinemas, the film Babylon is being released on DVD. It was one of the first films about the lives of black musicians in South London, revealing the depths of racism in British society at the time. Reporter Nicola Stanbridge interviews director Franco Rosso and Trevor Laird, one of the stars of the film.

Thought for the day with the RightReverendLordHarriesofPentregarth.

Conservative Party Leader David Cameron is to launch a stinging attack on Gordon Brown's handling of the economy. He will accuse the prime minister of presiding over a "complete and utter failure" of economic policy. Shadow Chancellor George Osborne says the "burnt wreckage of economic policy" is Gordon Brown's fault.

More than seven million people have seen the value of their pension schemes slashed by a fifth in the last year, Standard Life says. Pensioner Bill George and Ros Altmann, independent expert on pension policy, discuss how the credit crunch has affected those about to retire.

An exhibition of one of the most famous war photographers of the twentieth century is to open. Robert Capa is famous for his World War II images of the D-Day landings and The Falling Soldier taken during the Spanish civil war. In an extended piece, modern war photographer Geert Van Kesteren, John Morris, picture editor of Life magazine in the 1940s, and author Philip Knightly discuss the lasting impact of Capa's work.

This audio contains an extended version of the broadcast interview.

Sports news with JonMyers.

Against the background of the financial crisis and FA Chairman Lord Triesman's comments raising concern over the 3bn of English football clubs' debt, football fan organisation Supporters' Direct are calling for a more sustainable approach to football. Sports editor Mihir Bose, and Richard Caborn, former sports minister, discuss whether football has become too much of a business.

Business news with Nick Cosgrove.

The government's public consultation over nuclear power has been found wanting for the second time, the Marketing Research Standards Board says. It has stated that the consultation was in breach of the marketing research code of conduct. It follows a previous High Court ruling that a separate nuclear consultation, two years ago, was biased and unlawful. Robin Oakley, head of climate and energy policy at Greenpeace, says the government has misled the public.

The Bible Society has completed half of its translation of the New Testament of The Bible into Jamaican Patois. Religious affairs correspondent Robert Pigott reports on how it has received an emotional reaction both among native speakers and critical traditionalists.

The minimum five-year jail sentence for the possession of a firearm is only followed in half of cases, figures obtained by the Liberal Democrats suggest. Justice Minister David Hanson says the UK has some of the toughest firearms laws in the world.



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