Financial drama keeps making news

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Another day of drama on the financial markets means another day of dramatic front pages in the newspapers.

"Banks to fall under state control," says the headline in the Daily Mail.

The paper says the biggest nationalisation of modern times will be announced with a Â£50bn state rescue of the UK's "crumbling high street banks".

The Daily Telegraph calls it the "day of reckoning" while the Daily Mirror's worked out that the cost to every taxpayer is Â£1,610.

There are calls in several papers for a cut in interest rates.

The Daily Express accuses the Bank of England's Monetary Policy Committee of complacency because it left interest rates untouched.

The paper says that, instead, they should have been aggressively cut in order to help ease the current crisis.

The Times wants the reduction to be a full percentage point. The Mail demands a sharp cut and says the banks must pass it on to customers.

Lovely jug

The Sun reports on a mother-of-seven in Acton in West London, who is being paid Â£170,000 in benefits to live in a Â£1.2m, seven-bedroom mansion.

The paper calls it "the mother of all council houses".

The Guardian has a picture of an ornate glass jug which fetched more than Â£3m in an auction at Christies in London.

It is a 1,000-year-old crystal ewer from the Fatimid royal treasury in Egypt, which was carved out of solid rock crystal.

Boy racer Leonardo Panayiotou, who "lives and breathes motor racing", is written about in the Times.

The four-year-old trains on the same track where Lewis Hamilton made his debut and has just been offered a three-year contract worth Â£15,000.

The Mail reports on the "podestrian", people with iPods or other digital music players glued to their ears.

They apparently have a habit of stepping out into busy roads, oblivious to the traffic, and can cause accidents.