Gordon Brown will acknowledge his mistakes in his speech to the Labour conference tomorrow when he pleads for his party and the country to give him more time to revive his premiership.
Mr Brown will be bullish about Britain's and his own prospects, arguing that his vast experience after 10 years as chancellor makes him the right man to force through the international and domestic reforms needed to solve the global financial crisis.
The Telegraph says that he has been given a 9 month deadline,according to the paper
For the first time those loyal to Mr Brown have put a time limit on the Prime Minister's survival.
Mr Brown pleaded for more time to turn around Labour's problems but admitted he had made mistakes. "I will do better," he said.
In Manchester for the Labour party conference, the Prime Minister refused to entertain the idea of stepping down in an attempt to revitalise the party under a new leader. He said he would be letting down the British people if he decided to "bail out."
But one Cabinet minister told the Telegraph he has nine months to improve Labour's standing in the polls.
The Guardian continues to look at the world economy and Brown's position
Gordon Brown yesterday pinned hopes of reviving his premiership on a package of measures designed to tackle the economic crisis, including a drive for tighter international controls of the global money markets and a crackdown on the culture of irresponsible City bonuses.
However, the prime minister also paved the way for higher levels of public borrowing, in breach of the Treasury's own rules, following the tumult on world markets last week.
The Times says that there will be spot checks to curb city bonuses
A crackdown on greed and excess in the City is being promised by the Government to clean up the financial system after the banking turmoil of the past week.
The financial watchdog is to take stringent action to curb “irresponsible” bonuses that could encourage people to take excessive risks; it has already started making spot checks on firms. Banks thought to be flouting risk management guidelines may be forced to revise their reward systems
Many of the papers report on the story that
FAT cat banking bosses will share £1billion in bonuses despite the collapse of their company with the loss of thousands of jobs.The Express says
Lord Adair Turner, the new chairman of the City watchdog the Financial Services Authority, said “very important questions” needed to be asked about the bank world’s bonus system.
The Independent reports that
Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night.
The revelation sparked fury among the workers' former colleagues, Lehman's 5,000 staff based in London, who currently have no idea how long they will go on receiving even their basic salaries, let alone any bonus payments. It also prompted a renewed backlash over the compensation culture in global finance, with critics claiming that many bankers receive pay and rewards that bore no relation to the job they had done.
Both the Mail and the Express look at the consequences of the economic fall out,the former says that
'Brown will bankrupt Britain': Taxpayers face rises of '5p in every pound' to plug toxic debt black hole
Taxpayers face rises of up to 5p in the pound as Gordon Brown plunges Britain deeper into debt, experts warned last night.
Despite a week of financial mayhem, the Prime Minister rejected calls to cut public spending and investment.
He insisted the right tactic to beat the economic downturn was to ' borrow and raise public expenditure'.
Mr Brown refused to rule out tax rises as he insisted he was the right man to lead Britain through such turbulent times.
The Express says that
FAMILIES were last night warned to expect crippling tax rises of more than £900 a year.
The cash will be needed for another of Gordon Brown’s borrow-and-spend binges.
People will see their budgets squeezed even further by the punitive tax raid needed to bankroll the Prime Minister’s latest schemes, including a massive expansion of state-run childcare
Away from the economic turmoil and the Telegraph has a picture of the carnage in Islamabad,it calls the bomb attachj Pakistan's 9/11 and reports that
Security guards at the hotel shattered by a suicide blast in Pakistan launched a frantic attempt to prevent the truck bomb detonating in the minutes before it exploded, killing at least 53 people
The Guardian says
Pakistan's 9/11 read the headline in the News, a national daily newspaper, capturing the shock felt across the nation. The Marriott was more than just an outpost of an American chain. It was a landmark known by all in the city. Its plush restaurants and cafes were the capital's political salon, awash with intelligence agents hoping to snoop on conversations. It was where businessmen, diplomats and foreign dignitaries met. Security was believed to be so tight that it was one of only two places in Islamabad where western diplomats were allowed to dine.
The Times says that
British Airways has halted all flights to Pakistan following the bombing of the Marriott Hotel in Islamabad, a spokesman for the airline has confirmed this morning.
“We have temporarily suspended our flight operations in Pakistan following Saturday’s suicide attack,” Sohail Rehman, a spokesman for British Airways, said.
The last flight from London to Islamabad, the only destination served by the airline in Pakistan, operated yesterday. It departed as rescuers picked their way through the smouldering ruins of the hotel, looking for more bodies after the huge bomb devastated the building in one of country's worst terrorist attacks.
The Independent reports from South Africa where Bitter struggle for power ends as Mbeki announces resignation
The South African President, Thabo Mbeki, resigned live on national television last night, forced out of the political ring by the party he joined at the age of 14 following a long and bloody fight for power with his nemesis, Jacob Zuma.
Seeking to quash speculation that the African National Congress might split, Mr Mbeki delivered a dignified, albeit subdued, performance, pledging his devotion to the ANC and voicing confidence in the country's future under a new leadership.
Home news and the Sun leads with a horror story
AN anguished mum frantically dialled 999 to report her husband’s threat to kill their daughters — but it was too late.
Cops arrived at the man’s caravan home within minutes last night but found the girls, aged one and three, smothered inside.
Their father, who had custody of them for the weekend, had called his estranged wife to make his chilling threat, saying: “I can’t live without them.”
He was found hanging nearby at a garage where the caravan was parked.
The Telegraph adds that
The man had been staying alone in a caravan nearby after separating from his wife.
Neighbours have said he resigned from his job at the MoT centre on Friday.
Three bunches of flowers with no notes had been left at the entrance to the garage forecourt.
According to the Guardian
More children aged between 10 and 14 are being locked up in England and Wales - increasingly for more minor offences - than in any western European country, the charity Barnardo's warns today.
A fivefold surge in child and youth custody sentences over the past decade has created an "expensive and ineffective" criminal justice strategy, it says.
The Independent reports that
An army recruit has been found hanged at a military training camp in Surrey days after reporting for duty.
The 29-year-old man was discovered at Alexander Barracks at the Pirbright army camp, which is a mile away from the Deepcut Barracks where four young recruits died of bullet wounds in separate incidents between 1995 and 2002.
The man was found shortly before 8am yesterday and died despite the repeated efforts of paramedics, who tried to resuscitate him.
Meanwhile the Times reports that
A 23-year-old man is under police guard in hospital after his girlfriend’s father was shot dead and her mother severely wounded at their home in a Cornish hamlet.
Adam Hustler, 41, a successful businessman, died on Saturday night at Porth Kea House, his six-bedroom home near Truro. His wife Amanda, 40, was shot twice in the back and is critically ill in hospital.
The weather returns to the pages as the Mail reports that
As weekends go, that was splendid, thanks - warm and sunny with that sweet, fresh smell of summer in the air.
What a shame that we won't see any more like it for a while.
Forecasters warned yesterday that there is little chance of a real Indian summer, despite the glorious days we just had.
Many of the papers report from the Emmys,the Telegraph says
British stars missed out on much of the hardware at Sunday's 60th Emmy Awards in Los Angeles where the night's big winners were the 1960s-set advertising industry drama Mad Men and screwball sitcom 30 Rock.
The Independent says that
Tom Wilkinson and Dame Eileen Atkins were honoured for their supporting roles, but many others, including Ricky Gervais and Dame Judi Dench, were left empty-handed at the Nokia Theatre in Los Angeles.
Back to the economy and the Sun reports that
BRITAIN is heading for a baby boom as the credit crunch is forcing couples to entertain themselves at home.
People have limited cash to splash at pubs and restaurants so are spending more time in the bedroom.
Sales of maternity clothes rose by nearly half last week.
And chemists have reported a boost in sales of pregnancy testing kits and libido boosting remedies — proving that while the banks are in trouble at least the bonk-rate is up.
The Guardian claims that Bedbugs make a return via low-cost flights
Increased foreign travel and a lack of awareness have been blamed for the rise in bedbug infestations being reported by airlines, train and bus companies.
Pest control company Rentokil says there has been a 40% rise in the number of call outs over the past 12 months from the transport industry. Britain is now struggling to cope with infestations not seen in half a century
The Mirror leads with the news that George Michael vows to get off drugs
Shamed George Michael last night told of his shame at his crack bust and pleaded: "I want to apologise for screwing up again."
The singer, 45, was cautioned for having the drug and cannabis as he loitered in toilets in a seedy gay haunt.
And George, referring to his string of humiliating drug arrests, said he also wanted to "say sorry to everybody else - just for boring them".
The fallen Wham! pin-up has previously admitted smoking cannabis
According to the Telegraph,
Midwives are "overworked and overstretched", sometimes caring for three women in labour at the same time, according an expert..The paper adds that
Since 2001 there has been a 16 per cent rise in birthrates yet there are vacancies for midwives in every part of the country, according to the Royal College of Midwives.
The Government has pledged 3,400 extra full-time jobs (4,000 including part-time workers), but research for the Darzi review into the NHS shows a shortage of 4,288 midwives.
Another report in the Times which says that
The target to build three million new homes by 2020 is not high enough to meet the growth in the number of elderly people and young families, a report says.
A paper from the Town and Country Planning Association (TCPA) obtained by The Times claims the latest analysis of 2006 population statistics shows that at least a further 500,000 homes are needed in England within 12 years. The new pressures are partly because men and women are living even longer but also because more women are having their children later and long-term migrants are starting families in this country.
Finally the Independent reports how women are winning the US election
Rachel Maddow, Samantha Bee and Tina Fey aren't household names in Britain, but they're at the vanguard of the feminisation of American politics. Sarah Hughes celebrates an election year in which women have finally moved centre stage
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