Welshman’s penning false account in papers (7)

I believe the answer is:

dailies

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'papers' is the definition.
(daily is a kind of paper)

'welshman's penning false account' is the wordplay.
'welshman's' becomes 'dai's' (Welsh name).
'penning' indicates putting letters inside.
'false account' becomes 'lie' (I am not sure about the 'false' bit.).
'dais' enclosing 'lie' is 'DAILIES'.

'in' acts as a link.

Can you help me to learn more?

(Other definitions for dailies that I've seen before include "employed in cleaning?" , "Rags" , "Newspapers" .)

I've seen this clue in The Times.

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