Financial news returns to the front pages this morning and it is the decision by the Germans to guarantee all savings that makes the news

The £2 trillion question is how the Independent puts it

Gordon Brown is under intense pressure to guarantee all savings in British bank accounts after Germany and Denmark became the latest European countries to make the move.
Treasury officials were scrambling to discover the extent of the response by the German leader, Chancellor Angela Merkel, to the deepening financial crisis, which immediately sparked speculation that other European nations would be forced to follow suit. Late last night, the Danish government guaranteed all bank deposits as part of a deal to set up a 35bn Danish kroner (£3.6bn) liquidation fund.

The pledge raises the stakes for Brown says the Times

Angela Merkel, the Chancellor, buried any remaining semblance of a unified European response by guaranteeing individuals’ deposits in an effort to avert a crisis of confidence in the nation’s banks.
Mrs Merkel, who with Gordon Brown led calls on European Union members to resist unilateral action on Saturday, guaranteed private savings to help to prevent the collapse of a German bank yesterday.

The Guardian describes Treasury anger at the move saying that

British officials were furious with the German chancellor, Angela Merkel. They said she gave no indication of the move at a summit in Paris on Saturday designed to coordinate a European response to the economic crisis. The Treasury was last night trying to establish the implications of the German move.

The Mail calls it The Berlin bank bombshell

Mr Brown and his new Business Secretary Peter Mandelson have both warned strongly against governments going it alone.They say a similar lurch into nationalism led to the erection of trade barriers in the 1930s and triggered the Great Depression

The Telegraph meanwhile reports that

Gordon Brown's Cobra-style economic committee meets for the first time today as the financial crisis dominates the return of Parliament.The National Economic Council is part of the Prime Minister's "war footing" stance to tackle growing woes in the world markets.
Among the plans that will be discussed is a Treasury scheme to take shareholdings in the country's biggest high-street banks.

According to the Times

Gordon Brown is preparing for a humiliating climbdown over his proposal to hold terrorist suspects for 42 days after being told that it will be defeated in the House of Lords.
Ministers admit privately that there is not “a cat in Hell’s chance” of the legislation, which returns to the Lords this week, being passed into law.

,the paper adds that

The Government has decided against using the Parliament Act to force the measure through after peers reject it, The Times has learnt. That decision will effectively confine the controversial proposal — which the Prime Minister fought tooth and nail to get through a Commons vote in June — to the legislative dustbin.

There is still much speculation about the ins and outs of the cabinet reshuffle,the Independent claims that

The architect of the Government's school reform programme has lost his job as Education minister as part of Gordon Brown's reshuffle.
Lord Adonis, renowned as the Blairite champion of academy schools, will move to the Department for Transport. Last night it was suggested that differences of opinion between him and the Schools Secretary Ed Balls over the academies scheme was behind the move. Sources said Lord Adonis was more "gung-ho" over the programme than Mr Balls.

The Guardian says that

Peter Mandelson yesterday admitted he sought the sanction of Tony Blair before agreeing to Gordon Brown's offer of a return to the cabinet for the third time. Blair told Mandelson the decision on whether to take the role of business secretary, and abandon his post as EU trade

According to the Telegraph,Black recruits to boycott Metropolitan Police

Black and ethnic minority police recruits will boycott the Metropolitan Police because of its "hostile and racist" atmosphere, it has been disclosed.A spokesman blamed the "current management" at the Met for creating a "hostile atmosphere where racism is allowed to spread and those who challenge it are either suspended, told to shut up or subtly held back in relation to career development

The Guardian says that

Boris Johnson, the mayor of London, is considering launching an inquiry into claims of racism at the Metropolitan police following allegations by ethnic minority officers that Scotland Yard is plagued by discrimination, the Guardian has learned

The Times reports that

Britain is to become the only European country that allows motorists to have at least one alcoholic drink and still be legally fit to drive.
The Times has learnt that the Government has changed its mind about reducing the limit from 80 to 50 milligrams of alcohol per 100 millilitres of blood, despite evidence that a lower limit would save 65 lives a year.

A breakthrough in Brest cancer is in many of the papers,the Guardian reports that a Vaccine for breast cancer within reach

Enough is known about the causes of breast cancer to make a vaccine or prophylactic drug a real possibility, a leading cancer expert said last night.
Professor Valerie Beral of Oxford University, who leads the Million Women's Study into the causes of the disease, told the Guardian the study had put beyond doubt what had long been guessed - that many breast cancers are caused by the absence of hormonal changes connected with childbirth.

The Independent meanwhile says

Directors of hospitals where patients have died from superbug infections because of failures by senior management will be prosecuted under new manslaughter laws, ministers have told NHS chiefs.
The warning follows a number of high-profile investigations into MRSA and other superbug deaths which have failed to lead to any charges

The Mail reports on the

Test that will spot prostate danger in ten minutes

A lunch-hour test for prostate cancer has been launched today.
The blood test can assess the level of a cancer marker called Prostate Specific Antigen, or PSA, in just ten minutes.
Previously, men had to wait several days for results.

The Sun leads with the headline Starberks,it reports that

STARBUCKS was blasted by environmental experts last night after The Sun discovered it pours millions of litres of precious water down the drain at its coffee shops.
The giant coffee chain has a policy of keeping a tap running non-stop at all its 10,000 outlets worldwide, wasting 23.4 MILLION litres a day.
That would provide enough daily water for the entire two million-strong population of drought-hit Namibia in Africa or fill an Olympic pool every 83 minutes.

The Mirror leads with TV stars and football manager in £1billion Inland Revenue tax probe

Four celebrities at the heart of a £1billion Inland Revenue probe have been targeted in the biggest-ever inquiry into secret bank accounts.
The four – a male actor, a male TV presenter, a TV actress and a leading football manager – are all said to be household names.
They are among 100,000 suspected tax cheats under scrutiny. Others are said to be members of some of Britain’s wealthiest families.

Finally the Independent reports on a'Whore miles' plan for Dutch prostitutes who behave

Prostitutes in the Dutch city of Eindhoven are to be awarded "credits" in return for good behaviour under a new scheme to encourage them to abandon the oldest profession.
The prostitutes will receive so-called "street miles" that they can use to acquire free designer clothes or furniture, provided they take up an offer by the city council to take steps leading to a career change and a safer lifestyle.