TUES 17TH FEB 22:30 GBT - BBC TWO PRESENTED BY KIRSTY WARK Don't panic and calm down. This appeared to be the message from the Business Secretary Peter Mandelson to his Cabinet colleagues today. In a speech in New York he urged the Government not to create a media frenzy every day, with initiatives to combat the recession which could eventually "trigger disappointment." As if on cue, the Chancellor announced that bonuses at Royal Bank of Scotland will be slashed dramatically. RBS, in which the Treasury will soon have a 68% stake, said that no bonuses or pay rises would be made to staff associated with the major losses suffered by the bank in 2008. We'll be speaking to the Chancellor tonight about bankers pay, whether the Government has a grip on the economic crisis and reports of splits in the Cabinet. Also tonight, will Obama's huge economic stimulus, signed tonight, actually work? And we are looking into this breaking news.. Texan billionaire and cricket promoter Sir Allen Stanford has been charged over a $8bn (£5.6bn) investment fraud, US financial regulators say. Finally, a year on from the nationalisation of Northern Rock, the BBC's Business Editor Robert Peston travels to the north east to meet some vociferous critics who blame him for breaking the bank. Watch a clip of Robert confronting his critics here: And read a diary of that day's events here: So, don't shoot the messenger, tonight at 10.30pm on BBC 2. Missed Newsnight? Click here to watch the latest programme online |