Forget Osborne's budget, it's Capello's cuts which claim Fleet Street's interest this morning.
According to the Daily Mail, England's under-fire boss has signalled the 'end of an era' for the national side's current crop of over-paid, underperforming stars.
David James, Emile Heskey and Ledley King have, we're told, played their last games for England, while the likes of John Terry, Robert Green, Matthew Upson, and Shaun Wright-Phillips are all facing the chop.
The News of the World goes one step further, saying that Terry, Frank Lampard, Ashley Cole, and Steven Gerrard are on a 'final warning', with Capello set to name an 'experimental' squad for England's friendly against Hungary next month.
Capello himself is the focus of The Express this morning, who claim that the Italian was 'ready to go' if he hadn't had the full backing of the FA. They go on to declare that Capello would have waived his £12million contractual pay-off if necessary, but that he now has a 'damaged reputation' to repair.
And speaking of Capello's dented reputation, the News of the World screams 'PARANOIA', 'FEAR', 'SUPERSTITION' before bringing out a gaggle of unnamed players and sources to condemn Capello's World Cup regime. "Everything Fabio did before the World Cup was perfect. Everything he did during it was mad," said an anonymous 'senior player', with the Italian's now infamous late team selections offered as an example of his increasing suspicion.
The Mirror, meanwhile, have wheeled out their own 'established England star', to slam the Three Lions' training regime in South Africa: "Prior to the Germany game it didn't help that we went through the most physically draining training session," he said. "No wonder some players look exhausted."
This obvious fatigue is Capello's biggest regret, according to the News of the World, with the famously strict coach 'convinced he should have cancelled the two-week training camp in Austria and let his players have a holiday after a long, hard Premier League campaign.' A 'close friend of Capello' said: "He had never seen his players so tired and jaded - of course, by then it was too late to do anything about it."
The Sunday Mirror has its own ideas about why England were so lacklustre on the pitch, however, and Ashley Cole is very much in the red-top's crosshairs. The Chelsea left-back reportedly 'sent sex texts to a young model he spotted on the internet just hours before 'England kicked off in crucial World Cup games.'
With anonymous sources slamming England's current set-up left, right, and centre, Sir Trevor Brooking makes an appearance in the Observer to deliver an ominous warning about the future, and the lack of potential, home-grown talent: "I don't think there are the obvious quality [players] coming through who can replicate what we have, unless we can fast-track one or two of the younger ones and that's asking a lot."
It's not all doom and gloom in the morning papers, though, as Germany's 4-0 humbling of Argentina receives plenty of attention too.
The Telegraph has declared that the Germans 'have the look of champions' after another four-goal frenzy, while the Observer claims that coach Joachim Loew 'sent Messi to the superstar scrapheap' after the Argentine star's impotent display.
The German press are understandably ecstatic about the result, with Bild proclaiming 'Germany, we Loew you! We'll never FOUR-get that match,' and Spiegel heralding 'an inspirational new face for Germany's national team'.
The Spanish are in cheery mood as well this morning, with Marca leading the celebrations: 'Spain are in the semis of the World Cup!' and 'millions of Spaniards take to the streets to celebrate a historic [win].'