A cut in interest rates would normally have been warmly welcomed. As the Independent points out, the reduction of half of one percent is a hefty one.

Latest: Boruc to stay despite Spanish interest, plus other rumours

Key facts, figures and dates

A daily photograph from the archives

A daily photograph from the around the world

Many of the papers believe the government is giving serious thought to the idea of printing more money to try to ease the effects of the downturn.

Israel makes 60 air strikes on the Gaza Strip in a single night after the first daily truce to allow in humanitarian aid expires.

Key facts, figures and dates

Key facts, figures and dates

Key facts, figures and dates

Eurostar confirms it will resume daily direct services between Ashford International, in Kent, and Brussels.

Munir (not his real name), an administrator from the volatile Swat region of Pakistan, talks about the challenges of daily life in his valley as the Taleban and the army jostle for power.

Key facts, figures and dates

Key facts, figures and dates

Israel halts military operations in Gaza for three hours in the first of planned daily suspensions, it says, as ceasefire calls mount.

A daily sports photograph from the around the world

A daily photograph from the around the world

Latest: Juve's Trezeguet distances himself from Man City move, plus other rumours

"Gaza's day of carnage" is how the Guardian headlines news of the Israeli attack at a UN-run school.

Zenit St Petersburg are resigned to losing forward Andrei Arshavin, plus other rumours