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Page last updated at 08:23 GMT, Tuesday, 7 August 2012 09:23 UK
Today: Tuesday 7th August

British bank Standard Chartered has strongly denied US accusations that it hid billions of pounds in illegal transactions with Iran. Is there widespread evidence that people with learning disabilities in care homes are being abused? And, in the final day of cycling at the Olympics, what is it that makes Team GB's riders more successful those of other nations?

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 Dominic Laurie.

A British-based bank stands accused by a US regulator of breaking sanctions, hiding transactions and covering up its misdeeds to earn huge fees over a period of many years. Business presenter Dominic Laurie explains the accusations and Standard Chartered's denial that it "schemed" with Iran.

Deputy Prime Minister Nick Clegg has confirmed that plans to reform the House of Lords will be dropped. He spoke of the coalition's "broken contract" and said that he had informed the prime minister. Peter Riddell, director of the Institute for Government, discusses how the Liberal Democrats will proceed.


After Panorama exposed the mistreatment of vulnerable patients at Winterbourne View hospital, 11 staff were charged. All have now pleaded guilty. Mark Goldring, chief executive of mental health charity Mencap, discusses whether there are similar cases of carers abusing patients with mental disabilities.

Business news with Dominic Laurie.


The number of 16-24 year olds unemployed currently stands at more than one million. Deanna Lane is one of the three young people followed by Today as they look for jobs during the recession. Reporter Zubeida Malik went to catch up with someone the government describes as a Neet, which means not in education, employment or training.

Sports news with Garry Richardson.

Syrian President Bashar al-Assad is looking a little more isolated after the defection of his prime minister. Hosam Hafez, who used to be Consul in Armenia and defected two weeks ago, explains why he made this decision and Fawaz Gerges, professor of Middle East politics at the London School of Economics, discusses the current situation in Syria.

Paper review.

The first four cycling finals in London have brought Team GB three gold medals, the team's riders setting six world records. Gavin Allinson, elite sports nutritionist, and Michael Hutchinson, former GB cyclist, discuss what Team GB is doing that the rest are not.

Thought for the day with Rabbi Maurice Michaels, Jewish Chaplain at the Olympic Games.


Liberal Democrat leader Nick Clegg has accepted that Conservative backbenchers will not support Lords reform. Jeremy Browne, minister of state at the Foreign and Commonwealth office, discusses how this will influence a vote against the coming boundary changes for parliamentary seats. Political editor Nick Robinson reports on what this could mean for relations between the two parties in government.


Standard Chartered bank illegally "schemed" with Iran to launder as much as $250bn (£161bn) for nearly a decade, according to US regulators. The bank faces claims that it hid 60,000 secret transactions for "Iranian financial institutions" that were subject to US economic sanctions, and has been threatened with having its US banking licence revoked. Author William Cohan, former managing director of JP Morgan Chase, and David Green, former head of international policy for the Financial Services Authority, examine these transactions.


The white Lipizzaner is the oldest cultivated breed of horse, but only around 60 of the purebreed horse remain in the UK. Reporter Nicola Stanbridge meets author Frank Westerman to discover how the horse, which became renowned for its graceful performances, gives an alternative view of history.

Sports news with Garry Richardson.


The number of digital subscribers to the Financial Times has overtaken the numbers buying the paper version. Claire Enders, of media consultancy Enders Analysis, and Carla Buzasi, editor-in-chief of the online Huffington Post UK, examine whether the future of newspapers and magazines lies in digital alone.

The future of carbon capture and storage (CCS) technology in the UK and elsewhere in Europe has been thrown into doubt after £800m was reportedly wiped off the value of a fund set up to raise money for the CCS sector. Ian Temperton head of Advisory at Climate Change Capital and adviser, and Roger Salomone, manufacturing organisation EEF's energy adviser, discuss whether it the end for the carbon-trading scheme.

Business news with Dominic Laurie.

Robert Hughes, the Australian art critic, has died. The New York Times once called him "the most famous art critic in the world". Arts editor Will Gompertz reports on the life of the man made famous in the UK for the TV series about modern art he presented in 1980 called The Shock Of The New.

A film is being made of the Battle of Monte Cassino, which took place in the Allied invasion of Italy during World War II. Director of the film John Irvin and historian Anthony Beevor discuss whether the most successful war films are those with a complicated story.

The Tories "must deliver" on the coalition agreement, the Liberal Democrat's deputy leader has said after plans for Lords reform were abandoned. David Hall Matthews, of the Social Liberal Forum, and Fraser Nelson, editor of the Spectator, discuss where the Coalition can go from here.

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