In tonight's Newsnight


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Presented by Stephanie Flanders
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The threat level to Great Britain from Irish-related terrorism has been
raised from moderate to substantial. Home Secretary Theresa May said it
meant an attack was a "strong possibility".

It was the first time this threat level had been published, the Home
Office confirmed.

Tonight Liz Mackean investigates what's happened to prompt the raising
of the threat level and we hope to speak to senior politicians and
terror experts.

Then, on the day that Oliver Stone's sequel to Wall Street comes out in
the US, we'll be considering the future of capitalism. In the film
Gordon Gekko is back, only this time he feels bad about being so greedy.
As we know the real life Gekkos have not had the same change of heart.

The Business Secretary, Vince Cable, was rather rude about bankers and
capitalism generally in his speech to the Liberal Democrat conference
earlier this week, but he's not the only one.

Has the global financial crisis landed a mortal blow to the capitalist
system? Ha-Joon Chang has written a provocative book claiming it has.
Anatole Kaletsky thinks capitalism is poised to enjoy it's finest hour.
We'll have both of them in the studio to debate.

And it's a night of firsts on Newsnight tonight. Not only am I getting
my first turn in the presenter's chair, but Stephen Smith has the
programme's first ever interview with Ken Dodd, "the comedian whose
theme tune is happiness". I'll leave you to guess which of us will be
using the word tottiflorious.

It's been a while since the master of the tickling stick appeared on
television. Programme makers don't call him any more, and partly for
that reason, he doesn't give interviews. But at 82, Ken Dodd is still
packing them in at theatres up and down the country. He also, it turns
out, watches Newsnight. He agreed to the interview because he thought we
"needed a lesson in optimism". Prepare to be tickled.


Join me at 10.30pm on BBC Two.





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