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Page last updated at 05:57 GMT, Thursday, 24 May 2012 06:57 UK
Today: Thursday 24th May

European Union leaders at their summit in Brussels have pushed economic growth to the top of their agenda, but say budget cuts will continue. The man who is going to supervise Britain's banks has said government action may be needed to end free personal banking. Also on today's programme, James Naughtie reports from last night's Jubilee celebration to mark the contribution of creative arts to Britain in the last 60 years.

We are no longer providing clips of every part of the programme but you will be able to listen via the BBC iPlayer .

Business News with Simon Jack, on the outcome of yesterday's euro summit.

Andrew Bailey, an executive director at the Bank of England who is to be the head of the unit that will supervise banks, investment banks and insurance companies, has said "free banking" is dangerous. Business editor Robert Peston assesses the implications of such a statement on the banking industry.

Gavin Hewitt on the meeting of European leaders in Brussels last night where no great breakthrough was reached.


In the past few days, US President Barack Obama's campaign has launched an advertisement so negative that it was condemned by one of his own political allies. The BBC's Washington correspondent Jonny Dymond reports on the battle between the two presidential candidates.

Business news with Simon Jack.

There has been an angry reaction in the US to the jailing of a Pakistani doctor who helped the CIA track down Osama Bin Laden. Shakil Afridi was jailed for 33 years after being charged with treason. Talat Masood, a retired general in the Pakistani army, explains the situation.

Sport news with Rob Bonnet.

Justice Secretary Ken Clarke has blamed the popular press for putting thousands of criminals in jail who do not need to be there. Juliet Lyon, director of the Prison Reform Trust, and Peter Hitchens of the Daily Mail, debate the issue.

The paper review.

Artists of all kind came together at the Royal Academy last night for a party with the Queen to celebrate the Diamond Jubilee and to mark the contribution of all the creative arts to the UK in the last 60 years. James Naughtie reports from the event where Dame Judi Dench recited a sonnet by heart.

Thought for the Day with Reverend Dr Michael Banner.

Is free personal banking justified? Peter McNamara, former head of personal banking at Lloyds, and Peter Hahn, from the Cass Business School in London, debate the issue.

European leaders met last night in Brussels. Linda Yueh, Bloomberg's economics editor, and Stefanie Bolzen of German paper Die Welt, debate what comes next for the eurozone.

Jonathan Ive, the British designer behind Apple's iPod, iPhone and iPad was knighted yesterday. He also attended last night's celebration of the arts for the Diamond Jubilee and he spoke to James Naughtie about his success.

Sport news with Rob Bonnet

Inflation figures are falling but are households feeling the effects? James Walton, chief economist at retail analyst firm IGD, and former Monetary Policy Committee member Andrew Sentance debate the issue.

Business news with Simon Jack.

Former government adviser Adam Smith and lobbyist Frederic Michel will appear before the Leveson enquiry today. Hugh Colver, former Government spokesperson and public affairs specialist, discusses the relationship between ministers and advisers.

Placido Rizzotto, an Italian man who was murdered 64 years ago after making a courageous stand against the Mafia in the 1940s, is now being given a state funeral. The BBC's Rome correspondent Alan Johnston finds out why his death still matters.

Toby Harnden, who has been awarded the Orwell prize for Dead Men Risen, speaks to James Naughtie about what inspired him to write a book about soldiers in Afghanistan.


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