Tuesday's papers

The Independent leads with the latest stimulus package announced by the Obama administration.

The long-awaited $1 trillion plan to restore the toxic US banking system to health triggered a bout of frenzied buying on stock markets around the world, as investors bet that the Obama administration is now sketching a road map out of the credit crisis.

reports the paper

The Times though looks at the situation at home as it reports that more than one million nurses, midwives and other NHS staff face losing a promised pay rise in the first sign of a salary squeeze for public sector workers.

The Guardian meanwhile tells us that deflation will return for the first time in 50 years when government data is expected to show that the retail prices index has turned negative.

The Express hails the penny a m onth mortgage reporting that thousands of people are reaping the benefits of record low interest rates and paying virtually nothing for their mortgage.

The Guardian leads with the latest revelations from Israel as it uncovers

detailed evidence of alleged war crimes committed by Israel during the 23-day offensive against Gaza earlier this year, involving the use of Palestinian children as human shields, the targeting of medics and hospitals, and drone aircraft firing on civilians.

The Mail reacts to the news from Parliament on its story about Paul McNulty's second home expenses with the headline Give us a £40k pay rise and we'll give up perks! as the paper says

Shameless MPs last night reluctantly agreed to give up some of their lavish perks - but only in return for a massive pay rise.
This could mean their basic wage of £63,291 would rise immediately to more than £100,000.

The Telegraph's front page has a picture of Claudia Lawrence,who is believed to have gone missing as she walked to work.

Miss Lawrence, 35, of Heworth Road, York, was last seen on Wednesday afternoon at the University of York's Goodricke College and later spoke to her parents on the phone.

The lead story though is the news that half of women and a third of men in England who suffer from cancer beat the disease, according to a comprehensive new study.