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Page last updated at 06:21 GMT, Wednesday, 21 September 2011 07:21 UK
Today: Wednesday 21st September

Danny Alexander, the Chief Secretary to the Treasury, outlines how the government is balancing austerity and growth. Greece says it will accelerate austerity measures to ensure it receives the next instalment of an international bailout. And we speak to the Metropolitan Police about why they have decided not to pursue the Guardian to reveal its sources over the hacking scandal.

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0709
On Tuesday, the International Monetary Fund downgraded its forecast for global and UK growth this year and next. Our economics editor Stephanie Flanders outlines what the IMF has said and the implications of this. Also on the programme, Sir John Gieve, former Deputy Governor of the Bank of England, analyses the implications of the downgrade.

0716
Business news with Adam Shaw.

0718
In 1967 a chance encounter with a musical legend, Frank Zappa, changed one young secretary's life forever. Frank Zappa summoned Pauline Butcher to his London hotel room to type up the controversial lyrics of his new album. Pauline Butcher has now written about that eventful period of life she spent with Zappa, and spoke to Today reporter Nicola Stanbridge about it.

0722
Yesterday, the chair of the Public Accounts Committee, Margaret Hodge, said the plan to replace fire control rooms with new regional centres ended in "complete failure", at a cost of almost half a billion pounds to the taxpayer. The then deputy prime minister, now Lord Prescott, commissioned the changes; he gives us his thoughts.

0726
Sport news with Rob Bonnet.

0732
Amelia Hill, the journalist who broke the story about Milly Dowler's phone being hacked, was questioned under caution by the Metropolitan Police and threatened with the use of the Official Secrets Act unless she identified the police officer who had given her the story. The case was due to be heard at the Old Bailey on Friday, but the Metropolitan Police now say they are dropping the case. The Met's Deputy Assistant Commissioner Mark Simmons explains why.

0738
Paper review.

0741
Birmingham expects a big economic boost if a High Speed rail is built, connecting the second city to London. Today's Justin Webb reports.

0748
Thought for the day with The Chief Rabbi Lord Sacks.

0751
A senior member of Libya's interim government has said the last remaining suspect in the murder of WPC Yvonne Fletcher in London in 1984 will be prosecuted by a Libyan court when he is arrested. John Murray, the officer who was standing beside WPC Fletcher when she was shot, says he is hopeful that Matouk Mohamed Matouk, the only surviving suspect, will face justice.

0810
There are mixed messages coming from government. On the one hand from Cabinet sources comes the suggestion to the BBC's Nick Robinson that there might be money found for extra capital spending without the deficit reduction plan being abandoned. On the other hand there are pretty firm denials overnight from the Treasury that this could happen. Danny Alexander, the Chief Secretary to the Treasury, outlines how the government aims to balance austerity and growth.

0820
William Shakespeare is known for inventing hundreds of words, but what is less well documented is his innovative approach to music. A new production of his play The Tempest will open later this week in London, and aims to convey how Shakespeare incorporated music into his story in a way never seen or heard before. Our arts editor Will Gompertz went to the rehearsals at St Giles Cripplegate to listen in.

0825
Sport news with Rob Bonnet.

0830
On Tuesday, London's Metropolitan Police Service, said it had dropped an application to force the Guardian newspaper to disclose the sources for its reports on the News International phone-hacking affair. The Guardian editor, Alan Rusbridger, analyses the effect of this and what it means.

0835
The European Commission has announced that talks to avert a financial meltdown in Greece have made "good progress". Representatives of the commission, the European Central Bank and the IMF, will go back to Greece next week for more discussions. Our economics correspondent Paul Mason is in Athens, and Mario Blejer, former Governor of Argentina's Central Bank, examines what lessons can be learned from the Argentinean default in 2001.

0842
Business news with Adam Shaw.

0848
When David Cameron arrives in New York later today, he will be launching what is being termed The Great Campaign. It is a global effort to promote Great Britain, as a great place to visit and to do business. Dave Trott, Creative Director of CST Advertising and Mark Leonard, Director for the European Council on Foreign Relations, unpick just what is great about Great Britain.

0851
The Liberal Democrats' party president, Tim Farron, has become rather popular amongst party supporters and delegates. He tells Justin Webb why he would not serve in a coalition cabinet.




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