Morning news and current affairs, with James Naughtie and Sarah Montague, including:
Three hundred flood warnings are in place across the country this morning after the latest torrential downpours. BBC Somerset presenter Ben McGrail reports from Norton Fitzwarren near Taunton, and visits a flooded pub, flooded homes and a holiday park that was evacuated.
The Rolling Stones celebrated 50 years on the road at the O2 arena in London last night. We speak to Neil McCormick of the Daily Telegraph, who was at the concert, and Radio 1 DJ Annie Nightingale, who remembers being thrown out of one of their gigs in 1964.
Within a few days, the new Governor of the Bank of England will be appointed from a shortlist of five candidates. The Today programme's Evan Davis asks what qualities the bank needs from a new governor.