1 February 2011 Last updated at 02:26 ET

Newspaper review: Events in Egypt remain the focus

Events in the Middle East are again very much the focus for the papers.

The Times and the Guardian talk of Egypt's President Mubarak being "on the brink" after the announcement by the army that it would not use force against protesters.

The leading opposition figure, Mohamed ElBaradei, has been speaking to the Independent.

The paper calls him "the man who would be president, Egypt's saviour in waiting".

Tax rises

There is an air of "we told you so" in the Daily Mail.

It follows estimates that 750,000 more people will find themselves paying 40% income tax from April.

The paper says it pointed out in post-Budget analysis that the measures would fall most heavily on middle-to-upper income families with children.

According to a commentary in the Daily Express, if you are middle class you would have been better off living in the high-tax 1970s than you are now.

Watchdog review

Ofsted is to be stripped of the power to scrutinise official reports into the suspicious deaths of children, according to the Times.

The paper says it is one of a number of changes being made as a result of the Baby P case in Haringey, north London.

The area's children's services had been given top marks by Ofsted.

A report will apparently say Ofsted is not equipped to evaluate serious case reviews because its approach is too formulaic and bureaucratic.

'Madness' returns

"Football crazy" is how the Daily Mirror describes a "January splurge" by top clubs put at £200m.

It highlights the transfers of Fernando Torres to Chelsea for £50m and Andy Carroll to Liverpool for £35m.

According to the Sun, the scale of the fees has "stunned recession-hit Brits".

The Guardian calls it "the day the madness returned to football".

The Daily Mail says the sport is giving a V-sign to the age of austerity.