It was the decade of decimalisation, three-day weeks and flares. But could something else that was big in the 70s, industrial strategy, now be on the verge of a comeback? Ha-Joon Chang, an economist from the University of Cambridge, tells us what he thinks.
David Cameron has carried out the ultimate exercise in lowering expectations by preparing the country for painful cuts ahead.
As oil continues to gush into the Gulf of Mexico, who will come off worse, BP or President Obama? US columnist Michael Tomasky gives his opinion from Washington DC.
Plus, we take a quick look at what's next for Sir Terry Leahy after he steps down as Tesco's chief executive after 14 years.
