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Page last updated at 09:51 GMT, Friday, 21 January 2011
Today: Friday 21st January

What does the appointment of Ed Balls as shadow chancellor mean for the future of Labour? Tony Blair faces the Iraq inquiry for a second time. Also in today's programme, super-star screenwriter Aaron Sorkin.

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Business news with Dominic Laurie. Airline analyst Jamie Bowden looks back at British Airways' 23 years in business as it merges with Spanish carrier Iberia. The man behind the charity Help for Heroes is our Friday business boss.

A pterosaur has been found in China beautifully preserved with an egg. The egg indicates this ancient flying reptile was a female, and that realisation has allowed researchers to sex these creatures for the first time. Dr David Unwin, a palaeobiologist at the University of Leicester, explains the findings.

What are the implications for British politics as Ed Balls steps into the role of shadow chancellor following Alan Johnson's resignation last night? Deputy Chairman of the Conservatives Michael Fallon MP reflects on the change.

A 32-year-old man is still being questioned by police in Bristol in connection with the murder of Jo Yeates, found strangled on Christmas Day. The BBC's Hywell Griffith reports.

Business news with Dominic Laurie

Fresh questions about the legal advice given to Tony Blair in the run up to the Iraq war could prove damaging today as the former Prime Minister goes back before the Chilcot inquiry. Mr Blair has been recalled to give more evidence and is expected to again strongly defend the decisions he took which lead to the fall of Saddam Hussein. Chief political correspondent Norman Smith reports.

In the US, a woman who was snatched from as a baby has been reunited with her real family after 23 years. Washington correspondent Steve Kingstone reports.

Sport news with Rob Bonnet.

A row has erupted between the former head of the army and the former British ambassador to Afghanistan. Former director general at the Ministry of Defence Rear Admiral Chris Parry explains the background of the argument.

Paper review.

Seamus Heaney reads his poem Uncoupled, which has been shortlisted for the TS Eliot Award.

The Italian Prime Minister Silvio Berlusconi is no stranger to controversy but the latest scandal surrounding him could have serious implications. Mr Berlusconi has been asked to appear before a magistrates court who have accused him of paying for underage prostitutes, an allegation he denies. The BBC's Duncan Kennedy reports.

Thought for the Day with Catherine Pepinster, Editor of the Tablet.

Will the Iraq Inquiry, which is set to interview Tony Blair for the second time, get to the bottom of the reason the UK went to war? Sir Christopher Meyer, ambassador to Washington at the time of the Iraq war and Sir Jeremy Greenstock, former ambassador to the UN, discuss what they expect to happen.

What does the appointment of Ed Balls as shadow chancellor mean for the direction Labour will take on deficit reduction? Political editor Nick Robinson and deputy leader of the Labour party Harriet Harman look at the implications of the new shadow chancellor's political stance.

Screenwriter and director Aaron Sorkin, the man behind the hugely successful West Wing and Oscars favourite The Social Network, is regarded as a discerning voice on US politics and society. He gives his pessimistic take on what is happening on the other side of the Atlantic.

This week the publishing company Pearson announced it had bought a majority stake in an Indian online tutoring company Tutorvista for just under £80m. Sanchia Berg reports on the company that provides online tutoring and support, especially for high school students in the US and John Fallon of Pearson explains the thinking behind the new venture.

The Spanish government has announced plans to make it easier for its regional banks to get private investment. Professor of Economics at San Pablo University Pedro Schwartz explains the purpose of the policy.

Today is the final day to receive submissions on the future long term use of the Olympic stadium in Stratford in east London. Two Premier League clubs, West Ham and Tottenham Hotspur are competing for permission to lease the stadium. But as sport editor David Bond reports, there is a lot more at stake than local sporting rivalries.

This week Nicole Kidman and her husband have became the latest celebrity parents of a baby born to a surrogate, joining Elton John and his partner who have done the same. But the law here in the UK makes it illegal to do the same as in the US where people can be paid to have children for others. Director of Human Genetics Alert Dr David King and fertility law specialist Louisa Ghevaert debate whether the law should change.

Business news with Dominic Laurie.

Brian Turner reads his poem Phantom Noise, nominated for the TS Eliot Prize for Poetry.

Following Alan Johnson's departure as shadow chancellor, Ed Balls is now the face of Labour's economic policy, giving him what many say was the job he wanted all along. So what other changes will we see as a result of the forced reshuffle last night? Chief political commentator at the Independent on Sunday John Rentoul and editor of The Spectator Fraser Nelson give their predictions.



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