Monday's papers

The bank bonuses continue to dominate the papers this morning.

The Telegraph reports that the banks have been told to cap their bonuses or no longer recieve any government cash.

The Express reports that despite yesterday's furore both the Royal Bank of Scotland and Lloyds TSB are set to hand staff at least £1billion despite having to turn to taxpayers for more than £25billion in hand-outs.

Meanwhile the Times claims that the bankers recruited by the Treasury to manage the Government’s £37 billion stake in the high-street banks are themselves in line for bonuses.

The Guardian leads with another outcome of the recession,ministers will today announce a £40m bailout for charities dealing with the effects of the recession.The money says the paper, follows job cuts at household names including Shelter and the NSPCC, and amid warnings that one in three charities is expected to lay off more staff in the coming months.

All the papers have extensove coverage of the Australian bush fires,the Independent says that firefighters and rescuers pulled the remains of dozens of people from charred buildings today as the death toll rose to 130 from southern Australia's deadliest bushfires. The Times adds that officials suspect many were deliberately lit and reports that Prime Minister Kevin Rudd, visibly upset during a television interview, reflected national disgust at the idea.

The Mail continues to focus on the activitities of the Home Secretary asking how can Jacqui Smith justify £116,000 claim for home costs while staying with her sister?