:00:08. > :00:14.The Chancellor confirms the Government will guarantee up to �40
:00:14. > :00:17.billion in loans to businesses. George Osborne prepares for a major
:00:17. > :00:21.announcement on the economy saying there will be no backing down on
:00:21. > :00:24.the deficit. We are absolutely going to stick to that plan because
:00:24. > :00:27.that is what is helping Britain weather this international debt
:00:27. > :00:32.storm. Tributes are paid to the Wales
:00:32. > :00:36.football manager Gary Speed, who's been found dead at his home.
:00:36. > :00:40.Two crewmen from a stricken cargo boat are rescued off the North
:00:40. > :00:43.Wales coast, but five are still missing.
:00:43. > :00:53.And a cruel deflection gives Liverpool a point against
:00:53. > :01:06.
:01:06. > :01:09.Good evening. The Chancellor has confirmed that the Government is
:01:09. > :01:14.prepared to underwrite up to �40 billion in bank lending to small
:01:14. > :01:17.businesses - double what was previously thought. It comes as
:01:17. > :01:23.George Osborne prepares his Autumn Statement on the economy, which
:01:23. > :01:26.will be unveiled on Tuesday. Labour says the plan doesn't go far enough
:01:26. > :01:34.and that more measures to boost growth are needed. Here's our
:01:34. > :01:38.business editor Robert Peston. What's this, Armistice in the UK's
:01:38. > :01:42.bloodiest political war? The bitterest enemies share a laugh on
:01:42. > :01:46.the BBC sofa, so is the UK economy in such dire straits that the
:01:46. > :01:50.Chancellor and Shadow Chancellor have buried the hatchet? No,
:01:50. > :01:53.they're still still divided on how best to revive the weakening
:01:53. > :01:59.economy. Although George Osborne is set to announce on Tuesday that
:01:59. > :02:02.growth next year will be around 1%, a fraction of what he hoped for in
:02:02. > :02:05.March, he's not for turning on spending cuts and tax rises.
:02:05. > :02:10.have got a deficit reduction plan that has brought us record low
:02:10. > :02:13.interest rates, that's earned us that triple A credit rating and we
:02:13. > :02:16.are going to stick to that plan because that's what is helping
:02:16. > :02:22.Britain weather this international debt storm and is also helping us
:02:22. > :02:26.lay the foundations of a stronger economy. If a Chancellor hasn't big
:02:26. > :02:30.money to spend he has come up with a policy called credit easing to
:02:30. > :02:33.help small businesses spin and invest. He is helping banks borrow
:02:33. > :02:36.�20 billion cheaply by telling the banks creditors that the Treasury
:02:36. > :02:42.will guarantee they'll get their money back. The banks will have to
:02:42. > :02:51.pass all this pods 20 billion to -- all this �20 billion to small
:02:51. > :02:54.businesses. But while loans may be cheaper,
:02:54. > :02:59.it's not clear there will be more credit for growing businesses like
:02:59. > :03:05.this London property maintenance firm. For a progressive and
:03:05. > :03:09.profitable business like ours, not having that funding available has
:03:09. > :03:14.meant that any plans that we have for growth, development and
:03:14. > :03:18.national expansion have been seriously thawarted. The turmoil of
:03:18. > :03:22.Athens, Rome and other financially overstretched parts of the eurozone,
:03:22. > :03:26.the risk of meltdown is deterring even British consumers and
:03:26. > :03:29.businesses from spending which is one reason why the Shadow
:03:29. > :03:33.Chancellor thinks the British economy needs more than cheap loans
:03:33. > :03:37.to avoid a new recession. Why is our economy not growing? Why are
:03:37. > :03:40.firms not borrowing? Why is confidence slumping? Because the
:03:40. > :03:46.Government's fundamental strategy isn't working. But could the
:03:46. > :03:50.Chancellor and Shadow Chancellor be edging towards an entente?
:03:50. > :03:53.believe Ed has good motives, we are both trying to get the British
:03:53. > :03:56.economy going. We have always got on well, he is good although his
:03:56. > :04:00.job and he is a good politician, but he's made one big judgment
:04:00. > :04:03.wrong. In his judgment that reducing the deficit will be better
:04:03. > :04:07.for the long-term health of the British economy in cutting taxes or
:04:07. > :04:12.increasing spending now, George Osborne can't expect endorsement
:04:12. > :04:15.from his opposite number. Robert Peston is here now. We are
:04:15. > :04:19.also hearing about money for infrastructure projects, things
:04:19. > :04:23.like road and rail, how significant do those seem to you? Well, we will
:04:23. > :04:26.hear I think an important announcement from the Chancellor in
:04:26. > :04:30.his Autumn Statement on Tuesday, saying that he is going to try and
:04:30. > :04:35.unlock about �30 billion for investment as you say, in schools,
:04:35. > :04:38.hospitals, road, rail, broadband, various forms of infrastructure.
:04:38. > :04:43.That's terribly important for improving the productive potential
:04:43. > :04:48.of the British economy, making it more competitive. The problem is
:04:48. > :04:51.that much of that, �25 billion of it, won't be available for years.
:04:51. > :04:55.Some of it will be very important if he manages to get the money out
:04:55. > :04:59.of pension funds which over the years haven't invested enough in
:04:59. > :05:04.that kind of infrastructure. But only �5 billion in total is going
:05:04. > :05:09.to be be spent in the next 2-3 years and that money is going to be
:05:09. > :05:13.made available by cuts elsewhere in the Government's budget. So there
:05:13. > :05:18.will be some, particularly Ed Balls of Labour, saying that the
:05:18. > :05:23.Government still isn't doing enough to respond to the weakness of the
:05:23. > :05:26.economy and, therefore, on the the biggest economic, political economy
:05:26. > :05:31.of our age, how best to revive the economy, Labour and the Government
:05:31. > :05:33.are still very firmly divided. Thank you.
:05:33. > :05:36.Alongside Tuesday's Autumn Satement, the Government is also preparing
:05:36. > :05:41.for the public sector strike on Wednesday with neither side showing
:05:41. > :05:46.signs of backing down. Our deputy political editor James Landale is
:05:46. > :05:49.in Downing Street now. Two big moments this week, how much do you
:05:49. > :05:52.think there is at stake for the Government? There is There is a
:05:52. > :05:57.huge amount at stake. At stake is the Government's competence, it's
:05:57. > :06:00.competence to run the economy. Its Its competence to handle those
:06:00. > :06:04.strikes. Officials here are quite open in saying this is an important
:06:04. > :06:07.week for the Government. On one level there is a huge battle going
:06:07. > :06:09.on at the moment for public opinion. You have on the economy the
:06:09. > :06:13.Government saying that they're going to stick to their plans,
:06:13. > :06:16.they're going to meet targets. They do have a growth strategy. And you
:06:16. > :06:20.have Labour saying no, the plan isn't working, borrowing is up,
:06:20. > :06:23.growth is down, they have to change tack. On the strikes, you have the
:06:23. > :06:26.Government saying the pension reforms are fair and the unions are
:06:26. > :06:30.being irresponsible. And you have the unions saying that no, those
:06:30. > :06:34.pension reforms aren't just and it's the Government that is being
:06:34. > :06:39.inflexible. This is one of those crucial weeks when voters make up
:06:39. > :06:44.their minds about who they think is right on the economy and who they
:06:44. > :06:49.blame for the strikes. I think the conclusions that people draw at the
:06:49. > :06:52.end of the week will cast a long shadow indeed. Thank you.
:06:52. > :06:57.Tributes have been paid to the former Wales football manager Gary
:06:57. > :07:01.Speed who has died suddenly. He was found hanged at his home in Chester.
:07:01. > :07:04.Police say there are no suspicious circumstances. The 42-year-old was
:07:04. > :07:07.one of Wales' most capped players, having played 85 times for his
:07:07. > :07:11.country and became the national manager a year ago. This report
:07:11. > :07:16.from our sports correspondent Joe Wilson.
:07:16. > :07:19.For the footballers of his generation Gary Speed was simply
:07:19. > :07:24.the model professional. For the current players of Wales he was
:07:24. > :07:30.becoming an inspirational manager. The death of Gary Speed has united
:07:30. > :07:33.British football in sorrow, and also disbelief. When Swansea City
:07:33. > :07:36.began their match against Aston Villa this afternoon the news had
:07:36. > :07:41.only just been announced. Spectators were invited to take
:07:41. > :07:48.part in a minute's silence. It then turned to applause, and ended in
:07:48. > :07:55.song. One Gary Speed.
:07:55. > :07:59.The match took place, but only with emotions raw. Aston Villa's
:07:59. > :08:03.goalkeeper Shay Given was Speed's friend and former team-mate.
:08:03. > :08:07.have two men... Many had watched him on television just the day
:08:07. > :08:14.before, Saturday's Football Focus with Gary Speed, a guest appearing
:08:14. > :08:19.calm and relaxed. Within 24 hours he had been found dead. Just can't
:08:19. > :08:26.believe it. He was mymate and he is gone. I have got close to Gary in
:08:26. > :08:32.the last few years. He's left two gorgeous kids behind, a beautiful
:08:32. > :08:38.wife. He had everything. He had everything, and just... Don't know
:08:38. > :08:41.what to say. Newcastle, Bolton, Everton, Gary
:08:41. > :08:47.Speed won admirers where he went but he made his name at Leeds. He
:08:47. > :08:49.was part of their championship- winning side in 1992. And today at
:08:49. > :08:56.Elland Road, as at many other grounds, supporters came to
:08:56. > :08:59.remember him. I can't believe it. Someone with such great talent that
:08:59. > :09:04.this has happened, it's unbelievable. What did he mean to
:09:04. > :09:10.you and this football club? A true legend. He brought us up, played
:09:10. > :09:15.well. Many goals for us. Gary Speed represents Wales 85
:09:15. > :09:18.times, a record for an outfield player. In less than a year as the
:09:18. > :09:22.manager he had already reenergised the side with confidence and
:09:22. > :09:26.results, so much lay ahead of him. Just what led to his sudden death
:09:26. > :09:30.is the agonising question which accompanies football's profound
:09:30. > :09:37.sense of loss. Gary Speed, who has died at the age
:09:37. > :09:40.of 42. A soldier from 5th Battalion The
:09:40. > :09:43.Rifles has been killed in Afghanistan. The Ministry of
:09:43. > :09:46.Defence says he was on foot patrol in Helmand Province when he was
:09:46. > :09:48.caught in an explosion caused by an improvised device. His family has
:09:48. > :09:50.been told. A political blogger has been
:09:50. > :09:54.summoned to appear before the Leveson Inquiry into press
:09:54. > :09:56.standards after evidence was leaked online. A statement to the Inquiry
:09:56. > :09:58.given by former No 10 Communications Chief Alastair
:09:58. > :10:03.Campbell was published by Paul Staines, who operates under the
:10:03. > :10:10.name Guido Fawkes. It includes speculation that Cherie Blair's
:10:10. > :10:14.phone may have been hacked. Six people are now feared dead
:10:14. > :10:17.after a cargo ship ran into trouble in the Irish Sea. Two of the crew
:10:17. > :10:20.were rescued in the early hours of the morning and a body was
:10:20. > :10:23.recovered earlier today but five people are still missing. The
:10:23. > :10:26.search off the Llyn Peninsula in North Wales has been called off for
:10:26. > :10:32.the night. It's also been confirmed that Prince William was the co-
:10:32. > :10:36.pilot of one of the rescue helicopters. Colette Hume reports.
:10:36. > :10:41.This was the moment two of the eight Russian crewmen were spotted
:10:41. > :10:46.by an RAF search and rescue helicopter. Minutes earlier their
:10:46. > :10:50.ship had sunk more than 20 miles off the coast of North Wales. The
:10:50. > :10:56.Sea King battled one of the worst storms of the year to lift the men
:10:56. > :11:01.to safety. The body of a third crewman was found later. The
:11:01. > :11:04.helicopter's co-pilot was Prince William, a member of the search and
:11:04. > :11:08.rescue team. They had five people on deck at the time wearing
:11:08. > :11:12.survival suits and one of the survivors was actually been here in
:11:12. > :11:16.the building, told us that there was what he described as an
:11:16. > :11:23.enormous wave that rolled the ship, she broke her back and obviously
:11:23. > :11:27.with such a catastrophic failure she sank quickly. This is the cargo
:11:27. > :11:31.vessel The Swanland. Last year she nearly ran aground off the Cornish
:11:31. > :11:40.coast. The search was called off shortly before 5.00. Hopes of
:11:41. > :11:43.finding the men alive are fading fast.
:11:44. > :11:46.International pressure on Syria's been ratcheted up in a bid to end
:11:46. > :11:48.the regime's violent crackdown on protestors. In Cairo, foreign
:11:49. > :11:51.ministers from the Arab League have taken the unprecedented decision to
:11:51. > :11:54.impose a range of sweeping sanctions, including a ban on
:11:54. > :11:59.travel for Syrian officials and an embargo on transactions with the
:11:59. > :12:09.Syrian Central Bank. From Cairo, our Middle East editor Jeremy Bowen
:12:09. > :12:13.sent this report. Cairo's credentials as the centre
:12:13. > :12:15.of the Arab world have been challenged in recent years by
:12:15. > :12:22.Syrian propagandaists. They claim that their capital, not this one,
:12:22. > :12:26.is the beating heart of Arabism. So there's a hard political irony in
:12:26. > :12:31.the unprecedented decision taken by the Arab League here in Cairo to
:12:31. > :12:35.isolate Syria, one of its founder members. When the League got
:12:35. > :12:38.together around a table it used to produce platitudes, now it's
:12:38. > :12:44.followed decisive action against Libya in the spring with what could
:12:44. > :12:48.become a milestone in the decline and fall of the Assad regime.
:12:48. > :12:52.Significantly, the foreign Minister of Turkey, which has a 900
:12:52. > :12:58.kilometre frontier with Syria, was with them. The Turks, backing the
:12:58. > :13:02.Arabs. Tahrir Square is where the Arab League has its headquarters.
:13:02. > :13:07.The square is so volatile now that the building can't be used. The
:13:07. > :13:11.meeting was held elsewhere. The big changes in the Middle East this
:13:11. > :13:14.year are a major reason why the Arab League is taking action. Arab
:13:14. > :13:18.leaders have to worry much more now about what their own people are
:13:18. > :13:24.thinking. It is harder for them to ignore the killing of civilians by
:13:24. > :13:31.the leader of a major Arab country. Pictures continue to come out of
:13:31. > :13:36.Syria on the web. This is said to be the funeral of a man killed by
:13:36. > :13:46.regime troops. As they chant, we're not backing down, the procession is
:13:46. > :13:47.
:13:47. > :13:50.attacked. Someone shouts at the regime's forces are firing. This
:13:50. > :13:55.looks like a civil war in the making.
:13:55. > :14:01.GUNFIRE. Syria denies it sets out to kill civilians, and says the
:14:01. > :14:04.sanctions are part of a western conspiracy. On a bleak night
:14:04. > :14:08.allegations that Syrian intelligence is trying to silence
:14:09. > :14:13.the opposition here in Cairo, too. An exiled Syrian journalist says
:14:13. > :14:18.that after he ignored threatening messages the regime's agents
:14:18. > :14:23.kidnapped his Egyptian wife, who is pregnant. When she was released 30
:14:23. > :14:28.hours later she told him her captors had Syrian abg accidents --
:14:28. > :14:33.accents. They kidnapped her. Cut off her hair, stabbed her in the
:14:33. > :14:39.right shoulder and they tried to sexually assault her. Then they
:14:39. > :14:45.drugged her, and threw her into the street. This last week has been
:14:45. > :14:55.dark and tumultous here in Egypt and across the region. Change
:14:55. > :14:57.continues and there's no easy way ahead.
:14:57. > :15:00.Russia's Prime Minister Vladimir Putin has been formally adopted as
:15:00. > :15:02.the presidential candidate for the ruling party United Russia. It
:15:02. > :15:06.means he's almost certain to become President again after the elections
:15:06. > :15:09.in March, a job he did for the eight years up to 2008. But, as
:15:09. > :15:19.Daniel Sandford reports from Moscow, his popularity is not was it once
:15:19. > :15:29.was. Marching back towards the top job
:15:29. > :15:29.
:15:29. > :15:32.after just four years away, Russia's most powerful politician.
:15:32. > :15:37.He entered the Congress shoulder to shoulder with the man who is making
:15:37. > :15:41.way for his return to the President seu. Just as many had predicted,
:15:41. > :15:45.Dmitry Medvedev was keeping the seat warm for Vladimir Putin, while
:15:45. > :15:55.he stuck to the Russian constitution which only allows two
:15:55. > :15:57.
:15:57. > :16:06.consecutive terms. TRANSLATION: We believe in justice. Truth is on
:16:06. > :16:10.our side and victory will be ours. His loyal supporters rose to their
:16:10. > :16:19.feet, but just a week ago things were very different at a public
:16:19. > :16:23.event. Vladimir Putin, once almost untouchable, was booed by some of
:16:23. > :16:26.the crowd at a martial arts fight. While he will almost certainly win
:16:26. > :16:32.in March, his poll ratings are dropping and his opponents believe
:16:32. > :16:35.he is looking a little more vulnerable. To be able to win
:16:36. > :16:39.popular support in this new era of Russian politics you have to offer
:16:39. > :16:45.some kind of new strategic agenda. This is what he does not. His
:16:45. > :16:49.agenda is to stick to the old days. But the opposition are battling
:16:49. > :16:55.against state-controlled television and widespread apathy. This rally
:16:55. > :16:59.yesterday for fair elections raised fewer than 500 people. So within
:16:59. > :17:04.six months Vladimir Putin should be back in the Kremlin as President,
:17:04. > :17:12.and he is likely to be there for six or even 12 years, making him
:17:12. > :17:20.the longest serving Russian leader for more than half a century.
:17:20. > :17:22.Time now for the sport. Moving tributes were paid to Gary
:17:22. > :17:25.Speed at both of today's Premier League matches. Liverpool's Craig
:17:25. > :17:28.Bellamy was excused from playing against Manchester City at Anfield.
:17:28. > :17:31.The Wales forward was too upset to take his place in the team after
:17:31. > :17:34.the death of his international manager. The Liverpool boss Kenny
:17:34. > :17:40.Dalglish, who once signed Speed as a player, said football becomes
:17:40. > :17:43.irrelevant at times like this. The match finished in a draw.
:17:43. > :17:47.The profound sense of loss in British football was there on every
:17:48. > :17:51.face. Gary Speed's influence stretched across the Premier League,
:17:51. > :17:56.any team, any any supporter knew him as a model professional. What
:17:56. > :18:00.else was there to do, but carry on. Manchester City have never failed
:18:00. > :18:04.to score in the league this season, so the only surprise was that their
:18:04. > :18:14.goal came from Company. Two minutes later and another unstoppable
:18:14. > :18:20.finish, that surprised City an own goal. Calm City heads were required.
:18:20. > :18:24.Never a strong point for Balotelli. He was already on a yellow card and
:18:24. > :18:28.later he was off, less than 20 minutes after he had come on.
:18:28. > :18:34.Liverpool gave Carroll ten minutes to win it for them. He very nearly
:18:34. > :18:38.did. Joe Hart saved the day. City celebrated their point and
:18:38. > :18:41.Liverpool will take some comfort from that.
:18:41. > :18:45.City are five Five Points clear of Manchester United in the table.
:18:45. > :18:47.Spurs the only winners this weekend. Liverpool are above Arsenal on goal
:18:47. > :18:55.difference. Aston Villa's draw at Swansea study
:18:55. > :18:58.sees them move up to 8th. Rangers have lost in the Scottish
:18:58. > :19:01.Premier League for the first time this season. Kilmarnock beat them
:19:01. > :19:04.1-0 at Rugby Park. Manuel Pascali headed the late winner to give
:19:04. > :19:08.Killie their first home win over Rangers in 17 years. Rangers had a
:19:08. > :19:14.12-point lead in the SPL at the start of last weekend, but that is
:19:14. > :19:18.now down to four from their rivals Celtic.
:19:18. > :19:21.The Formula One season is over and Red Bull have finished just as they
:19:21. > :19:24.started, with a win. But not Sebastien Vettel this time. He had
:19:24. > :19:27.a gearbox problem and came second behind his team-mate Mark Webber.
:19:27. > :19:29.It was the Australian's first win of the year. Jenson Button sealed
:19:29. > :19:32.second in the Drivers' Championship by finishing on the podium, but
:19:32. > :19:37.Lewis Hamilton failed to complete the race because of mechanical
:19:37. > :19:40.problems. Tennis has reached the end of its
:19:40. > :19:43.season as well and Roger Federer has won the World Tour Finals at
:19:43. > :19:46.London's O2 Arena. He was the defending champion, but Frenchman
:19:46. > :19:49.Jo Wilfred Tsonga made him work very hard for the �1 million first