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Another banking bail-out

Andrew Neil | 10:14 UK time, Friday, 16 January 2009

As usual on Fridays, I shall leave you in the more than capable hands of my co-presenter Anita Anand.

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Another day - another banking bail out... you may have thought the Government had done rather a lot on this front - and you'd be right.

But the banks are still in trouble, they're still not lending to one another which in turn stops the flow of credit into business and threatens jobs.

This morning there are reports that the Prime Minister is which will buy up billions of pounds of `toxic' assets from banks in a bid to get them to resume normal lending.

So how much further will the tax payer have to buy into the banking industry to clear up the mess they've got themselves into?

Also today a new dawn for America as next week.

President-elect Obama has already said he will make the crisis in Gaza one of his top priorities - so what difference will his presidency make to US foreign policy and also what difference will we see here in terms of British foreign policy.

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The Foreign Secretary David Miliband this week appeared to distance Britain from the Bush years when he said the use of the term ...so how much repositioning can we expect?

We'll hear from former Foreign Office Minister Kim Howells.

And this week has seen some pretty big political beasts returning to hog the headlines. We've had the return Labour's Alan Milburn and speculation about the return of former Tory Chancellor Ken Clarke.

So as the lions from the past line up for another roar - is bringing back the old guard a good or bad thing in modern day politics?

And as ever we'll have the usual run down of the political stories you've been most interested in this week in Top of the Political Pops.

We're joined throughout the show today by Danny Finkelstein of the Times and political comedian and satirist Andy Saltzman.

So do join us at noon on ³ÉÈË¿ìÊÖ2.

Don't forget if you want the latest on the programme sign up to our daily email at bbc.co.uk/dailypolitics and email us with your thoughts on all the stories that are making the news at daily.politics@bbc.co.uk

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