The Guardian

The immigration minister Liam Byrne has outlined plans to cut tourist visas to the UK from six months to three months and make the visa regime for business travellers more flexible.

The Times

An environmental “stealth tax” on business could raise hundreds of millions of pounds for the taxman over the next five years through the auction of a large chunk of carbon emissions permits.

The Independent

The Bank of England has warned the “credit crunch” could continue for many months and has expressed concerns about a crisis in consumer confidence.

The Sun

A pilot and a friend died after two planes collided in the East Midlands.

Daily Telegraph

Britain was ill-prepared for this summer’s floods and urgent action is needed to improve defences, a Commons report has found.