Pound problems make the headlines

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Several papers lead on the fortunes of the pound, and of the chancellor.

The Times says business leaders have accused Alistair Darling of talking Britain into a recession as the pound fell to a record low.

It says sterling is now the worst performing of 10 leading currencies this year.

"Pound sinks to rock bottom" is the headline in the Daily Express, while the Daily Mail has the damning "Thanks very much, Darling".

Sheikh up

The Daily Telegraph says the Tories' proposed Â£1m threshold for inheritance tax will amount to Â£2m for couples.

The Conservatives say that was always the plan, but the paper claims this emerged only after persistent enquiries by one of its readers.

The sale of Manchester City to a company set up by the Abu Dhabi royal family is the lead in the Independent.

The paper describes it as an "audacious raid", which will "transform the shape of global football".

Mansion bodies

Police have now found three bodies at the home of the businessman, Christopher Foster.

The Sun claims detectives have recovered what it describes as "chilling" CCTV footage from the scene.

The press seem underwhelmed by the EU's summit on Russia. The Guardian thinks it did not live up to its billing.

The Sun believes Gordon Brown was right to demand tougher EU action - but France, whose turn it is to run Europe, said "Non".

Wine house

According to the Telegraph, taking a bottle of wine round someone's house does not need to cost the earth.

Wine experts apparently say a guest need spend only Â£6.99, because a host is unlikely to be able to distinguish it from more expensive bottles.

The Guardian says Cambridge University trying to shed its elitist image.

PR officers are said to have been contacting popular TV soaps with suggestions for storylines to present it in a more student-friendly light.