Thursday, 5 March, 2009
Here's Paul Mason, our Economics Editor, with a word about this evening's programme:
"So, it's finally happened. Interest rate cuts ran out of road and the UK will print money to try to dig itself out of the recession. This is a decisive move and puts the UK once again out ahead of the major western economies. The US central bank started buying up debt in this way in December, but has so far poo-pooed the radical step of buying government debt. Today's move will see the Bank pile in to the gilts market, hoovering up the debt of the government But will it work? The experts who have been banging on about this policy for months say we'll know by the summer. More tonight..."
We'll also be looking at how the financial crisis is changing our language, as strange phrases like "quantitative easing" slip into the mix. Here's Steve Smith:
And there's more. Michael Crick will be pondering the impact of the miners' strike 25 years on. The film director Ken Loach, and former Conservative Chancellor Nigel Lawson will be here to debate.
Do join us at 10.30pm.