The people of the Irish republic are bracing themselves for yet another huge round of government spending cuts - to pay for a second bank bailout. In a move watched closely at Westminster, the Irish Government has had to pour billions more into keeping their banks afloat. The Irish finance ministry says the rescue of Anglo Irish Bank and several others could cost up to 45 billion euros. As a result, Ireland's deficit has soared from 11 per cent to 32 percent of  GDP this year. Our senior political correspondent Chris Ship reports from Dublin on what the Irish are calling Black Thursday.