Sunday Papers: BoE to use new powers to stave off future crisis - other news

The Sunday Telegraph

* Speaking at the Jackson Hole Economic Policy Symposium in America, the deputy governor of the Bank of England Charles Bean signalled that the central Bank would make aggressive use of new powers planned by the Government to head off any future financial crisis.

* Diageo is set to support a ban on selling alcohol below the cost of duty and VAT.

* BP reveals it has spent more than $1m a week on television and radio advertising since the April 20 oil explosion in the Gulf of Mexico.

* A group of Britain's leading companies is to demand that the Government scraps proposals to break-up Britain's banks.

* In an interview with Newcastle's The Journal newspaper, Matt Ridley, the former chairman of Northern Rock, admits to 'catastrophic black mark'.

The Observer

* British Safety Council withdraws safety awards to Vedanta after Observer notifies it of undisclosed chimney collapse that killed 40.

* GMTV star Kate Garraway opens goody bag site to give fans celebrity discounts.

The Independent on Sunday

* Ha-Joon Chang, a leading economist, has said in his book "23 Things They Don't Tell You About Capitalism" that free market has turned us into "Matrix" drones.

* Inflation-beating increases in shareholder dividends are expected to be announced this week after strong figures were reported by the record number of companies revealing results before the bank holiday.