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Newspaper review: Osborne levy on banks criticised

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The banks have wriggled off the hook, says the Guardian, despite Chancellor George Osborne's vow to make them pay.

In introducing a "gentle" levy, he to move abroad if hit too hard, thinks the paper's Nils Pratley.

agrees the Independent, while shares in the banks "were all but unmoved".

The Financial Times concurs, feeling the levy is and indeed is "decidedly timid".

'Just a slogan'

The Times wants "quiet man" Iain Duncan Smith to about his plans for welfare reform.

It thinks the mooted universal credit could be "revolutionary" - in a good way - but "as yet, the idea remains little more than a slogan".

Meanwhile, the Daily Mail attacks plans to increase the overseas aid budget.

The coalition's refusal to seek savings everywhere else but not in international development is "the worst kind of politically-correct posturing",, external it feels.

Jail time

The Daily Telegraph is unhappy with Justice Secretary Ken Clarke's plans to send fewer people to prison, feeling it is "naive to think they will not carry on offending if they are dealt with leniently".

The paper says it "may be well-meaning, but it

The Daily Express is also yet to be convinced, recalling the old Tory policy of "prison works".

Now Mr Clarke has decided that often it doesn't, it says.

Coming or going?

The is, at least according to the Sun, that a "mob" turned up outside the player's home in protest at his hoped-for move.

Police say 20 or 30 people did gather, but were moved on peacefully without any arrests being made.

The Daily Mirror, meanwhile, claims to have found out that Rooney doesn't want to leave Manchester United now after all.

Pundit Mark Lawrenson tells the paper this has been "one of the in football history".

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