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Page last updated at 07:37 GMT, Monday, 30 January 2012
Today: Monday 30th January

The chief executive of RBS, Stephen Hester, is to waive his bonus of nearly a million pounds. European leaders are meeting for the first time since David Cameron vetoed a new EU treaty. And also on today's programme, a hundred years after it was first performed, how a late night drinking session and a 5-shilling wager resulted in the British war song, A Long Way to Tipperary.

Business news with Simon Jack on news that the boss of the Royal Bank of Scotland, Stephen Hester, won't be taking his controversial near-million pound bonus.

In New York, a public awareness campaign by the subway transport workers' union is offering a free monthly travel card to the rider who snaps the most lurid photo of the rats infest the lines. The BBC's Matt Wells reports from the platforms of Manhattan.

Libya's National Transitional Council passed a new law this weekend, enabling elections for a national assembly to take place this summer. Gabriel Gatehouse reports from Colonel Gaddafi's former compound in Tripoli on how, after 42 years of dictatorship, a sense of civic activism is emerging.

The chief executive of the Royal Bank of Scotland, Stephen Hester, has decided not to take his £1m bonus. Labour's business spokesman Chuka Umunna reflects on the decision.

At an informal summit in Brussels today, EU leaders will be considering whether there is too much focus on austerity and not enough on job creation. Europe correspondent Chris Morris reports.

Business news with Simon Jack.

The Metropolitan Police has been accused of putting itself up for hire after Sir Richard Branson's company Virgin Media paid police overtime costs as part of a fraud investigation. Peter Neyroud, former head of the National Police Improvement Agency and a former chief constable, gives his thoughts on the questions it raises.

Sport news with Rob Bonnet.

Justice Secretary Ken Clarke is to announce plans to reform the Criminal Injuries Compensation Scheme to reserve compensation for "blameless" victims of crime and stop people with a criminal record from getting a payout. Criminal defence lawyer Greg Foxsmith and Conservative MP Ben Gummer discuss whether the move is fair.

The paper review.

A medieval barn described by the poet John Betjeman as the "cathedral of Middlesex" has been rescued from decay and neglect for the nation. Arts correspondent Rebecca Jones reports from Harmondsworth Barn in west London, which is now under the guardianship of English Heritage.

The British war song It's a Long Way to Tipperary was written and first performed 100 years ago today. Nick Ravenscroft has been finding out what makes the tune so memorable.

Thought for the day with Reverend Professor David Wilkinson, Principal of St John's College, Durham University.

Germany's vice chancellor and economy minister has said Greece must surrender control of its budget policy to outside institutions if it cannot implement reforms attached to eurozone rescue measures. Michael Fuchs, deputy parliamentary leader from the governing CDU party in Germany, and Yanis Varoufakis, economist at the University of Athens, discuss the viability of the plan.

The Royal Bank of Scotland has announced that its chief executive, Stephen Hester, will not take his bonus of shares worth almost £1m. The BBC's Robert Peston and Nick Robinson explain why the decision was made and outline the potential political impact. And Sir Philip Augur, who worked in the City for more than 20 years and was group managing director at Schroders, outlines his views.

Europe's leaders meet in Brussels for the latest summit on the debt crisis - the first meeting since David Cameron used his veto last year. Foreign Secretary William Hague discusses where the UK now stands in the EU and reflects on executive pay.

Sport news with Rob Bonnet.

As Egypt and Tunisia mark the first anniversary of the Arab Spring, the powerful role of the tiny Gulf Emirate of Qatar has gone largely unnoticed. Middle East correspondent Kevin Connolly reports from Doha on how one of the richest countries on earth is determined to have the political influence to match.

Business news with Simon Jack.

The Home Secretary, Theresa May, will announce what changes she intends to make to the pay of police officers in England and Wales. Home Affair editor Mark Easton has the details.

RBS boss Stephen Hester has bowed to pressure to refuse his bonus of shares worth almost a £1m. The bank's chairman, Sir Philip Hampton, has said he would not take up his payout of £1.4m. City AM editor Allister Heath and Deborah Hargreaves, chair of the High Pay Commission, debate the future of executive pay.

David Lammy, the Labour MP for Tottenham and former minister, sparked controversy over the weekend when he said parents in his constituency were confused about the law on smacking. Cindy Butts, adviser on the Metropolitan Police's Operation Trident, and Sunny Hundal, Guardian writer and editor of left wing blog Liberal Conspiracy, discuss if working class parents are more reluctant to smack their children than middle class parents.


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