Morning papers round-up, Thursday 5 April

The FT leads with a suggestion that the Bank of England, the UK central bank, is on Thursday expected to cut interest rates by a quarter-point to 5.5 per cent, in an attempt to cushion Britain from the world economic downturn. The Telegraph says Mike Levett, the chairman and chief executive of life insurer Old Mutual, withdrew pension funds worth more than £7m in February, it emerged yesterday. The annual report discloses that he "withdrew all sums accrued and...