FROM GAVIN ESLER
Hello,
Quote for the Day "Craftsmanship is the way forward. It's perfect for the credit crunch. Things like knitting and so on are very important and very English. It's definitely a good time to start making your own things" - Henry Conway, fashionista son of Tory MP Derek Conway.
In tonight's programme, we will of course be knitting our own Newsnight.
We'll be casting on with tomorrow's GDP figures which are expected to demonstrate that the UK is indeed formally in a recession. We want to explore what that means in terms of unemployment, housing, retail sales, the kinds of things that those of us who do not spend time on yachts with Russian oligarchs tend to worry about.
We'll also consider what the best economic forecasters are saying about the recession, the likely impact and which areas are likely to be hit hardest.
We'll be discussing with Steve Easterbrook, President and Chief Executive of McDonald's, Sushil Wadhwani, who was a member of the Bank of England's Monetary Policy Committee, and Richard Lambert, Director-General of the CBI.
We'll have the latest in Stephen Smith's series Going Cheap on strategies to beat the crunch - knitting, I am reliably informed, is not among Steve's topics for tonight. In fact he's talking about how we're going places in the squeeze.
And we'll have the final film in our series of reports from our specialist editors in the run-up to the US election. Tonight our Science Editor Susan Watts asks whether America is ready for life beyond oil.
And finally, in a new Newsnight strand - Jokes Fit For the Recession, Stephen Smith kicks us off with the following news of John Darwin, the canoeist who faked his own death.
Apparently, he's disappeared from prison! He was last seen in the gym....on the rowing machine.....
I expect Stephen will be appearing in Panto later in the year...
Newsnight is on BBC2 at 10.30.
Gavin
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