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Page last updated at 06:57 GMT, Tuesday, 6 January 2009
Today: Tuesday 6 January 2009

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

Russian energy giant Gazprom says it will cut exports through Ukrainian pipelines by a fifth, to compensate for the amount it says Ukraine has been siphoning off. Jonathan Stern, of the Oxford Institute of Energy Studies, discusses the shortages reported by Greece, Bulgaria and the Czech Republic.

Israeli troops have clashed with Palestinian militants on the edge of Gaza City on the third night of Israel's ground assault on Gaza. Correspondent Katya Adler reports from Gaza's border. Dr Musa el Haddad, a retired physician who lives in Gaza City, explains what he heard overnight.

Business news with Adam Shaw.

How did US financial regulators miss the repeated warning signs about the business practices of Bernard Madoff? North America business correspondent Greg Wood reports on a hearing of the House of Representatives Financial Services Committee to discuss the alleged fraud which robbed investors of at least $50bn.

Sports news with Garry Richardson.

House prices have fallen 2.5% in the month of December in results released by Nationwide. Reporter Angus Stickler visits an estate agent in North London to see if the housing market shows any signs of recovery. Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors, discusses how surveyors are coping with the economic downturn.

Today's papers.

A British journalist kidnapped six weeks ago in Somalia has been freed. Colin Freeman, chief foreign correspondent of the Sunday Telegraph, discusses how he was reporting on piracy in Somalia when he was abducted along with a Spanish photographer in November.

Thought for the day with Dr Indarjit Singh, director of the network of Sikh organisations.

After the Financial Services Authority banned short-selling - the practice of borrowing shares and selling them on in the hope that the price will fall - it now says the ban will not be renewed when it expires. Andrew Baker, chief executive of the Alternative Investment Management Association - the trade association for hedge funds, and Vince Cable, Lib Dem treasury spokesman, discuss what new rules could be put in place.

More than 500 people have now been killed by Israeli attacks in the Gaza Strip, Palestinian officials say. Former Prime Minister Tony Blair, now a Middle East envoy, says an immediate ceasefire could be reached.

How will the Conservatives pay for proposed tax cuts? Political editor Nick Robinson explains how the Tories plan to approach a reduction in Whitehall spending.

British film Happy-Go-Lucky has been awarded four prizes by the National Society of Film Critics in the US. Correspondent Tom Brook reports on how far the awards ceremony could be an indication for the Oscars.

Sports news with Garry Richardson.

The effects of the dispute between Russia and Ukraine over gas are now being felt in countries across Europe. Austria, Turkey, Bulgaria are all now reporting a drop in the supplies they are receiving. Greece and Macedonia are also affected.

Business news with Adam Shaw.

The name of Stieg Larsson may not be familiar in the UK but his crime novels have sold millions in Scandinavia. Mr Larsson died in 2004. Former colleague Mikael Ekman and Larsson fan Joan Smith, discuss the UK release of his novel The Girl Who Played with Fire.

Sir Alan Walters, the man best known as Margaret Thatcher's economics guru, has died at the age of 82. Patrick Minford, professor of Applied Economics at Cardiff Business School, discusses Mr Walters' advice that instead of taking the Keynesian route out of the recession in 1981, Margaret Thatcher should instead raise taxes.

Israeli forces have widened their attacks in the Gaza Strip to include Khan Younis in the south, reports say. Dore Gold, former Israeli ambassador to the UN, and Price Hassan of Jordan discuss if some Arab governments would like to see Israel succeed in Gaza.



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