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Peter Allen and Louise Minchin with the day's news and sport. The Government puts a further squeeze on most Whitehall departments - the schools minister David Laws tells Peter why it's necessary. Politicians in Cyprus reject a controversial tax on savings, we hear from jubilant protesters outside parliament. James Shaw reports from Baghdad as a series of bombs coincide with the 10th anniverary of the start of the Iraq war. And Danny Boyle on his new film, life after the Olympics, and whether there'll be a Trainspotting 2.