Thursday 12 January 2012
As David Cameron's recent EU veto demonstrates, in his opinion the City still commands a special place as a wealth generator, so will talk of re-balancing the economy come to anything or are we still reliant on consumer spending and investment banking as key components for growth?
Newsnight's Andrew Verity investigates, whilst Dragon Deborah Meaden and the FT's Gillian Tett join Emily Maitlis in the studio.
Also, in the wake of the Lords defeat for the government's welfare reforms, David Grossman asks where the proposals go from here. Employment Minister Chris Grayling and disability campaigner Sue Marsh debate the plans.
There has been a shocked response around the world after video footage appearing to show US marines urinating on dead Taliban fighters was posted on the internet.
US Secretary of State Hilary Clinton says it was "deplorable behaviour". Our Diplomatic editor Mark Urban asks if it could lead to a backlash against troops in Afghanistan.
And back to the economy, the BBC's Tokyo correspondent Roland Buerk looks at Japan's economic stagnation of the late 1980s and 90s, and asks if it really was a "lost decade" and what can the UK learn from it?