As finance ministers from the G20 nations meet in London the Chancellor of the Exchequer, told John Humphrys that international cooperation is important to reform the world's banking system . The mobility of international banks means that reform "isn't something that you can just sort out in one particular country", he said.
Mr Darling agreed that bank bonuses had become "rather out of kilter", adding that he believed that the UK economy would come out of recession "at the turn of the year".
Eric Joyce, a former army major, has resigned as a parliamentary aide to Defence Secretary Bob Ainsworth, criticising the government's strategy in Afghanistan. . Former security minister Tony McNulty explained why Falkirk West MP Eric Joyce had left the government .
Two young brothers who lured two boys, aged nine and 11, to a South Yorkshire ravine before carrying out a brutal attack have admitted the assault. Home editor Mark Easton reported on the story of the brothers, aged 10 and 12. Labour MP Graham Allen and social worker Joanna Nicolas discussed the comparisons drawn by many newspapers between this and the murder of toddler James Bulger .
Pestival, "a celebration of insects in art and the art of being an insect", is opening at the Southbank Centre in London. Cult musician and insect lover Robyn Hitchcock, who is curating the festival, explained its aim and sang his own composition, Dragonfly Me .
One-Minute World News 
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