Cable slams banks, Israeli embassy stormed, Fassbender wins in Venice

FROM POLITICAL intrigue, to business scandal to scurrilous tales of the rich and famous, our trawl through the gutters of Britain's Sunday papers is posted before 12 noon every week.

EGYPTIANS STORM ISRAELI EMBASSY IN CAIROIsrael has evacuated 80 diplomats and their families after Egyptian protesters stormed their embassy in Cairo, the Independent on Sunday reports. Six security guards who were trapped had to be rescued by Egyptian commandos. Israeli PM Benjamin Netanyahu said the intervention by Egyptian security forces came only after pressure from US president Barack Obama.

VINCE CABLE: BANKS SHOULD PAY FOR REFORMBusiness Secretary Vince Cable, writing in the Mail on Sunday the day before the Independent Commission on Banking issues its report on banking reform, has said that the banks should pay for changes to their industry "by reducing their lavish remuneration packages". Cable says that banks will no longer "be able to use the deposits of British savers to play… roulette".

HURRICANE KATIA HEADS TO UKHurricane Katia is on its way across the Atlantic to the UK, the Sunday Telegraph reports. But by the time it arrives on our shores, today or early next week, it will have been downgraded to a tropical storm. The Met Office said there was a risk of "disruption to transport" and "damage to trees and structures."

FASSBENDER WINS BEST ACTOR AT VENICEMichael Fassbender has won best actor at the Venice film festival for his role as a sex addict in Shame, a drama directed by Steve McQueen, the Observer reports. The Golden Lion award for best film went to Faust by Russian director Aleksandr Sokurov and the best actress award went to Hong Konger Deanie Yip for her role in A Simple Life.
Why Fassbender is the talk of VeniceBLAIR DEFENDS WAR ON TERRORTony Blair has defended his record in the 'war on terror' in an interview to mark 10 years since the 9/11 attacks, the Mail on Sunday reports. The BBC's John Humphrys said Blair's policies had "led to appalling consequences". Blair hit back, saying he had "achieved significant results". In the US, where New York is in lockdown following intelligence of a terrorist threat, Barack Obama said "Al Qaeda is on the path to defeat".
9/11: when Tony Blair looked like a true leaderARCHBISHOP OF CANTERBURY 'TO QUIT NEXT YEAR'Dr Rowan Williams is set to quit as Archbishop of Canterbury next year, according to the Sunday Telegraph. Williams reportedly wants to leave his job almost a decade before he is required to, in favour of a life in academia – but not before he has seen through legislation to allow women to become bishops.

WALLIAMS RESCUES DROWNING DOGDavid Walliams, who was almost forced to abandon his charity swim along the full length of the Thames because of a severe stomach bug, has added to his hero status by rescuing a drowning dog, the Observer reports. The comedian spotted Vinny the labrador struggling to get out of the water at Cookham Lock in Berkshire

COUNCILS USE PLASTIC STATUES TO FOIL ART THEFTSLocal authorities are replacing bronze statues with plastic replicas as the soaring price of commodities encourages thieves to steal metal public art, according to the Sunday Times. Blackpool, Cardiff and Swindon have all replaced metal sculptures with plastic copies and owners of stately homes are starting to do the same, according to the Historic Houses Association.

CORAL REEFS 'EXTINCT BY END OF CENTURY'A UN scientists claims that coral reefs will become the first ecosystem to be destroyed by the activities of man, according to the Independent on Sunday. Professor Peter Sale's book, Our Dying Planet is published tomorrow and says that corals will be eliminated by the end of the 21st century because of acidification of the oceans and climate change.

WIMPEY EXEC DRAFTED NEW PLANNING LAWAn executive from Taylor Wimpey was on the panel which drafted the government's plans to give a presumption in favour of development in planning decisions according to the Sunday Times. Peter Andrew is director of land planning at the house building company. Also on the panel was John Rhodes, a planning consultant whose clients include Asda.

50% TAX RATE ‘MIGHT REDUCE REVENUE’, SAYS IFSThe 50 per cent top rate of tax on people earning over £150,000 raises nothing, and may actually reduce the amount of money  taken by the inland revenue, according to research by the Institute for Fiscal Studies. The IFS suggests that the 50 per cent rate encourages high earners to reorganise their finances to avoid the levy.
Economists urge Osborne to drop 50p tax ·