1) Burnet piece to camera in Zurich with river and buildings behind him, followed by shots of Zurich banks on Bahnhofstrasse, Zurich trading floor, then shots in bank vaults. Burnet summarises events of "Black Friday" where only introduction of 7% interest rate saved the pound. Two Swiss bankers give their view of the situation, denying that European bankers were speculating against the pound. Burnet suggests that the reaction of Europe to sterling crisis might have been prompted by annoyance at UK's 15% import surcharge and even that Swiss bankers might have been speculating against a Labour government. The bankers deny this saying they were merely being cautious: they want UK to succeed economically for the sake of econmoic health of rest of Europe. Finally the two bankers say that for sterling to improve UK needs increased productivity without inflation and that there should be more financial freedom and "not too much welfare state".