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Government's latest wheeze

Andrew Neil | 10:33 UK time, Wednesday, 14 January 2009

mandelson.jpgPeter Mandelson, the Business Secretary, outlined the to underwrite loans to small and medium-sized firms this morning, so we'll take a forensic look at them.

The proposals involve providing state guarantees to encourage banks to start lending again to business, which is suffering because credit has dried up.

It is the government's latest wheeze to free up the credit markets, which remain frozen since the banking meltdown last autumn.

We'll be asking: will it work and what risk is there to the taxpayer.

Also on today's programme ahead of the first reading of the Borders and Immigration Bill we'll be looking at migration.

Yesterday the said immigrants to Britain had "been treated like hotel guests who don't belong" but he blamed decades of multiculturalism for not making immigrants feel at home: "Any sense of a shared common culture is eroded, risking increasing segregation".

We'll be talking to the immigration minister Phil Woolas, and former Tory Party Chairman, Norman Tebbit, both of whom are with us for the whole show.

It's also the first PMQs of the year, so naturally we'll have all the action at midday, and top analysis, of course, from our Political Editor, Nick Robinson.

Broadcaster, Anne Diamond will be here telling us .

And, ahead of his inauguration next Tuesday, we'll be asking what tricks Barack Obama will have to pull out of his hat to get the US economy back on track.

We'll be live from Washington with US commentator Irwin Stelzer.

That's all on today's from 1130am on ³ÉÈË¿ìÊÖ2.

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