Alan Johnson, the normally chirpy health secretary, tells Fraser Nelson in the Spectator that Britain needs to brace itself for two years of recession.
Jim O'Neill, Goldman Sachs's chief economist, is more optimistic. Writing in the Daily Telegraph, he says there are already signs that the next 12 months will not be so bleak.
Over at the Guardian's Comment is Free, Seumas Milne argues that responsibility for the economic slump goes beyond a few greedy bankers. To beat it will mean ditching the ideology that fuelled it, he says.
Never mind the global economic downturn, says Anne Penketh in the Independent, the Holy Land will be the real test of whether Barack Obama can actually walk on water.
In the Times, Peter Riddell says the rights of peers deriving from Magna Carta have made it harder to sort out the House of Lords cash-for-amendments affair. Do not expect reform of the second chamber any time soon, he warns.
And David Hencke in the Guardian points out that former Labour spin doctor Derek Draper has been forced to admit an error on his CV.
