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Last Updated: Tuesday, 27 November 2007, 07:18 GMT
Labour boss resignation in papers
Mastheads of the national newspapers
Several papers lead with the resignation of Labour's general secretary Peter Watt over allegations he knew a donor used intermediaries to donate party funds.

The Daily Telegraph suggests Labour learnt little from last year's cash-for-honours police inquiry.

Labour's vow to make fund raising transparent and accountable now looks like rank hypocrisy, the Sun declares.

The Daily Mirror urges the PM to seek to wean parties off big donations. However, if that means state funding, the Daily Mail is not in favour.

'Inconvenient champion'

The Times says figures show independent school pupils are five times as likely to get offers from Britain's 20 leading universities than the national average.

It says the Independent School Council findings come despite huge efforts by the government to end social class bias in higher education.

Oxford University makes the headlines too after historian David Irving took part in the Oxford Union debate.

The Independent describes him as "An inconvenient champion of free speech".

'Obstacles to peace'

As the Middle East peace conference starts in Annapolis, papers sound a gloomy note about its prospects.

The Times believes the obstacles to peace remain formidable.

The Financial Times reminds readers of developments since the last failed peace rounds that, it says, make success this time even less likely.

It says Palestinians are at war with each other and Israel's experience in Gaza and Lebanon will make them more wary of withdrawing from the West Bank.

'Short-term gains'

Sir Richard Branson's bid to save Northern Rock is widely discussed.

The Guardian says the bank's investors believe the Virgin Group offer is too low and its managers will want another four weeks to examine the bid.

The paper believes the bid is a short-term approach that can yield only short-term political gains.

For the Independent however, Virgin appears a well-matched suitor. The Financial Times too, sees the offer as a reasonable way out.

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