Tuesday's papers

One story domintaes the front pages,the Guardian calls them the Lucozade bombers

As three men now face life sentences after being found guilty of conspiring to explode liquid bombs on airliners flying from Britain to North America, the former head of US homeland security at the time of their arrests has revealed that the threat was taken so seriously that President George Bush was repeatedly briefed on the status of a UK surveillance operation on the London council flat being used as a terrorist bomb factory.

says the paper

The plot had the potential to be three times as deadly as the 9/11 attacks of 2001. says the Telegraph

The terror cell, operating under guidance from jihadist overseers in Pakistan and inspired by al-Qa'ida, planned to simultaneously detonate liquid bombs disguised in soft drink bottles on board at least seven flights from Heathrow to North American cities, a court heard

.says the Independent

The Sun says that the attack meant seven new Lockerbies - leaving around 5,000 victims dead,

While the Times describes how

it took three years, two lengthy trials, a massive surveillance operation and more than £50 million in police and legal costs to prove that the plot to detonate liquid explosives smuggled on board in soft drinks bottles existed and that draconian security restrictions on travellers were justified.

Home Secretary Alan Johnson said: 'This would have led to murder and mayhem on an unimaginable scale. It reaffirms that we face a real and serious threat from terrorism.' reports the Mail

The major political news is the demotion of Alan Duncan in the Shadow cabinet,the Telegraph reports that

Mr Duncan had been in charge of agreeing changes to the system of MPs expenses but his private comments, recorded by an activist who met Mr Duncan on the House of Commons terrace, made his position untenable. The demotion appears to have scuppered Mr Duncan’s chances of being in Mr Cameron’s first Cabinet.

David Cameron demoted Mr Duncan in the latest sign that the Tory leader plans to make an election issue of his treatment of those caught up in the controversy. says the Times

According to the Guardian,teachers' leaders have claimed that

the case for Labour's multimillion-pound academy programme has yet to be proved and in some cases the disruption caused by closing down schools and rebranding them can harm children's education

The Libyan controversy continues to rumble on the Mail reports that

The Foreign Office approved the sale of armoured cars and water cannon to Libya in 2007, at the same time as negotiations were under way with Libya over the fate of the Lockerbie bomber Abdelbaset Al Megrahi.

The Express leads with the news that

The Bank of England will be forced to keep interest at 0.5 per cent throughout 2010 to balance low inflation and counter expected tax rises, say economists.

Finally the news that Sir Terry Wogan confirmed to listeners today that he will step down from the BBC Radio 2 breakfast show at the end of this year and will be replaced by Chris Evans is in all the papers.

Wogan told listeners: "If the mail is anything to go by, most of the listening population have spotted a report that next year, I'm going to turn into Chris Evans. And I hate to tell you, but it's true.
"I was hoping to break it to you, my loyal listener, more gently. I wanted to be the first to tell you. It's the least I owe you, for endless years, countless hours of morning companionship, friendship, good humour, and laughter. Your loyalty and support has been a beacon of love in my life."

reports the Guardian