Bank of England unlikely to change rates say papers - Mon 4 June

The FT reports the Bank of England is expected to decline the opportunity this week to send general election voters to the polls with a promise of another cut in mortgage rates. The Bank's interest rates decision is announced Wednesday, the day before the election, but according to the newspaper forecasters believe it highly unlikely that rates will be cut again from 5.25 per cent. The FT also reported over the weekend that some of the UK's largest fund managers are failing to sell their brands to rich investors. The report is based on a new report into the funds chosen by the wealthi...