London News 01.16

* Five children are shot or stabbed in London every day. EveningStandard

* London 2012 Olympics budget continues to rise. DailyExpress

* New England manager Fabio Capello undrr investigation for tax evasion in Italy. SkyNews

* House prices falling as quickly as in the early 90s. DailyMail

* The Sun’s circulation falls below 3 million for the first time since 1974. Reuters

* London Mayor admits Olympic loan may not be repaid. TheTimes