Friday, 14 September, 2007
- 14 Sep 07, 05:24 PM
The UK's fifth largest mortgage lender, Northern Rock, has urged customers not to panic as a result of the announcement that it's to receive emergency funding from the Bank of England. The price of Northern Rock's shares have plunged - queues of people have formed outside many of the bank's branches; some have withdrawn their savings.
Our Business Correspondent, Paul Mason will examine how and why this has happened. He'll see what the implications are for Northern Rock. And he'll ask could other banks and building societies follow?
We'll be getting reaction to events today from the Chief Executive of Northern Rock.
Our Economics Editor, Stephanie Flanders is just back from the US where she's been investigating the roots of this credit crunch problem.
We hope to be debating the fate of Northern Rock and what can be done to resolve the credit crunch with a City regulator and senior politician live.
SIR MENZIES CAMPBELL ON MONDAY
The Newsnight interview with Sir Menzies Campbell in which he's quizzed on his leadership and policies will now be aired on Monday.
Joining Kirsty for Newsnight Review tonight are Germaine Greer, Ekow Eshun and Ian Hislop.
They'll discuss 3:10 to Yuma, the remake of the classic Western based on Elmore Leonard's short story, starring Russell Crowe and Christian Bale and directed by James Mangold, who gave us Walk The Line.
And Elmore Leonard's latest novel, Up in Honey's Room, is also on the agenda, along with the Chinese terracotta army exhibition at the British Museum library and TV drama Stuart: A Life Backwards.