All newspaper references refer to Scottish editions.
Banking crisis: Further coverage of the government’s £37bn part nationalisation of HBOS, RBS and Lloyds TSB. The FTSE in London rose 8.26% yesterday following the announcement of the deal. Paul Krugman, who yesterday won the Nobel prize for economics, comments in the Guardian (page 32) that Gordon Brown has shown the world the way through the economic crisis. (Scotsman page 1 and page 6, Bill Jamieson in the Scotsman, Martin Flanagan in the Scotsman, Sun page 4, Guardian pages 1 and 2, page 4, Polly Toynbee, Will Hutton and Nils Pratley in the Guardian, Herald pages 1 and 2, Alf Young in Herald Focus, and page 6, Daily Telegraph page 1 and page 19, Edmund Conway in the Telegraph, Times page 1, David Wighton and Rachel Sylvester in the Times, Daily Mirror page 4, Daily Recordpage 6, Daily Express page 1 Patrick O’Flynn in the Daily Express, Daily Mail pages 1 and 6, Peter Osborne in the Daily Mail, P&J page 1, FT page 1 and page 2, Peter Thal Larsen & Jane Croft in the FT, Gillian Taft in the FT, Philip Stephens in the FT. Gideon Rachman in the FT, Courier page 14)
Scotland’s Banking Crisis: Robbie Dinwoodie in the Herald comments on what the current financial crisis means for Scotland’s finances, and the proposals put forward by the Scottish Government to combat them.
Inflation: Inflation figures due to be published today are expected to show further rises in the cost of living, though experts believe they may have reached a peak. (Scotsman page 30)
42-day detention: Last night the House of Lords rejected the Government’s proposals to extend the time limit for terrorist suspects to be held without charge from 28 to 42 days. In an emergency statement to Parliament following the vote, Jacqui Smith said the measure would be dropped from the Counter-Terrorism Bill and would be the subject of separate legislation if required. (Scotsman page 9, Sun page 2, Guardian page 1, Herald page 8, Daily Telegraph page 8, Times page 19, Daily Mirror page 8, Daily Record page 2, Daily Mail page 10, P&J page 11, Courier page 2)
Bowel Cancer: The Scottish Medical Consortium (SMC) has approved for use the drug Xeloda (capecitabine) for use in Scotland. The drug is used to fight bowel cancer, the third most common type of cancer in Scotland. (Herald page 4, Daily Express page 4, P&J page 17)
NHS Patients: A new consultation being launched tomorrow will outline plans to allow patients to seek treatment abroad and then recoup the money from the NHS. (Herald page 1)
Painkillers: New research has claimed that some types of painkillers used commonly by arthritis sufferers can increase the likelihood of patients suffering a heart attack or a stroke. The medication under scrutiny is Cox-2 inhibitors. (Daily Telegraph page 8)
Pregnancy: NHS officials fearful of stigmatising women are no longer telling them to drink absolutely nothing during their pregnancy, but rather are saying that women should be free to drink what they want. (Daily Mail page 17)
A90: Transport Minister Stewart Stevenson has come under fire for refusing to meet campaigners fighting for safety measures at the A90 and A937 junction at Laurencekirk. (P&J page 1)
Glenrothes by-election: Further coverage of the Glenrothes by-election. The Conservatives launched their campaign yesterday stating that they were the safe and effective choice for voters. Gordon Brown’s handling of the financial crisis may have given the impetus to Labour however. (Scotsman page 15, Herald page 8, Daily Express page 2, P&J page 13, Courier page 1)
Iain Gray: Hamish Macdonell in the Scotsman (page 24) says that Iain Gray has performed better than his predecessor at First Minister’s Questions and comments on what direction his leadership should take.
The Union: Alan Cochrane in the Daily Telegraph comments on how the bail out of Scotland’s two primary banks, the RBS and HBOS, will perhaps strengthen the Union and weaken Alex Salmond’s calls for Scots independence. (Daily Telegraph page 3, Angus Macleod in the Times, John Curtice in the Daily Record)
Gordon Brown: Following his bail out of the British banking system, Gordon Brown has made comparisons to Churchill stabilising the economy following WW2, stating that a “new Bretton-Woods” agreement was required. In the Daily Telegraph, Paul Krugman and Simon Heffer argue the merits of Brown being a great statesman. (Daily Telegraph page 4, Times page 6)
Scottish Parliament: the Scottish Parliament has been voted fourth in a list of the top ten ugly buildings in the UK. The list, commissioned by computer game firm EA, has the Birmingham Bullring at the top. (Daily Express page 3)