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All the main news from the UK and around the world with Nicky Campbell and Shelagh Fogarty

On the day 5live is taking a look at how Britain is "Feeling The Pinch", we look at the inflation figures predicted to show the cost of living is rising much more quickly than the Bank of England's target.

We also discuss plans for a minimum price level for alcohol in England and Wales, to be set out by the government today. Sir Ian Gilmore, a liver specialist and chairman of the UK Alcohol Alliance in the Royal College of Physicians, gives us his view on the proposal.

Vassos Alexander is live at the Australian Open tennis, with British stars Elena Baltacha and Andy Murray - find out how a serve by Andy's brother Jamie managed to prove fatal to a passing sparrow.

And we're at the Bafta Nominations, with hotly tipped King's Speech star Colin Firth, as well as fellow actors Dominic Cooper and Talulah Riley.