Wake Up to Money - 16/06/2010

News and views from the business world with Jeremy Naylor and Andy Verity. The Chancellor George Osborne wants the Bank of England to regulate banks and financial institutions, rather than the FSA. We ask David Kenmir fro PriceWaterhouseCoopers and a former Chief Operating Officer at the FSA, where this leaves his former employees. Scientists say oil is now leaking into the gulf of Mexico at a rate of 35,000 to 60,000 barrels per day, dwarfing the original BP estimate of just 1,000 barrels per day. President Obama is set to meet BP chairman Carl-Henric Svanberg later today. Dr Richard Pike, a former BP executive, explains what may happen to future underwater drilling projects. The TUC is warning the government that indiscriminate cuts will weaken the economy and may make the deficit worse. It has drawn on examples from Britain in the 1980s, Canada in the 1990s and the recent experience in Ireland. Richard Exell, Senior Policy Officer at the TUC, tells us what he has learned from these examples. The Environmental Transport Association have been evaluating the CO2 emissions of 5,000 cars, to work out which has been the most environmentally friendly of 2010. Andrew Davies, Director of the ETA, reveals who won the Green Car Awards 2010.