Monday, September 29, 2008

In tonight's programme

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MONDAY 29 SEPTEMBER 22.30 BST - BBC TWO
FROM PROGRAMME PRODUCER SHAMINDER NAHAL

Hello

Tonight: on another day of extraordinary global financial shockwaves, we'll be reporting on the massive economic rescue packages being discussed in Britain, the US and Brussels and how they have, as yet, failed to calm the world's markets. Jeremy Paxman will be talking to some of the figures at the heart of the global crisis.

BRADFORD & BINGLEY
Our Economics Editor, Paul Mason, has been blogging through the weekend as the Treasury has been trying to find a bank that will pick up the mess at Bradford & Bingley. As that failure swiftly turned into the second big nationalisation of the year, we're left asking why it happened, and whether it's going to keep happening. We'll be speaking to Adair Turner, once of the CBI and now the chairman of the Financial Services Authority.

US BAIL OUT
Then on to Washington. The House of Representatives is due to pass the $700 billion rescue package to bail out Wall Street tonight. But will it be enough to shore up confidence? Another US bank, Wachovia, was bought up today in a government backed rescue bid and, at the time of writing, the Dow Jones had fallen sharply. We'll be asking the US Treasury if anything they do can really stem the tide.

EUROPE
Meanwhile across the channel, Belgian-Dutch financial services group Fortis had to be bailed out by Holland, Belgium and Luxembourg joining forces for an 11 billion euro rescue co-ordinated by the European Commission. So is Europe in it up to its neck as well?

CONSERVATIVE PARTY CONFERENCE
At the Conservative Party Conference the Shadow Chancellor has been proposing his solutions to the current crisis. Emily will be speaking to him in Birmingham this evening.

Join Jeremy and Emily at 10:30 tonight for all that and more.

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