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It doesn't matter much to you or me

Andrew Neil | 10:46 UK time, Thursday, 5 February 2009

interest_rates.jpgAnother Bank of England interest rate decision at Noon today, with the , a new historic low.

Frankly, it doesn't matter much to you or me, either way. Interest rates are already so low that a further cut is unlikely to be passed on to most borrowers; nor will it do much more to stimulate the economy that previous cuts have not achieved (though it could discourage savings even further).

So what other measures could the Bank of England conjure up to stimulate the economy? We'll , economist and a former 'wise man' advisor to the last Conservative government. He argues the Government needs to increase the amount of money in the economy to get us out of recession (or is it depression?). Printing money? Quantitive easing? We'll discuss what needs to happen next.

pupil.jpgAlso on the show today, Lib Dem leader Nick Clegg announces his - he'd scrap Child Trust Funds and target the money saved at children from poor backgrounds.

Mr Clegg has also indicated he might make this extra investment in primary schools the price for Lib Dem cooperation in a hung parliament. We'll speak to former Lib Dem leader Menzies Campbell.

And as an MP is sued by a constituent who claims she has not done her job properly, we ask whether MPs should have job descriptions and performance reviews to keep them up to scratch.

All that on 91Èȱ¬2 from Noon today.

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