Treasury will go for 1.5% cap - papers 17th June

The paper says the move means the department has caved in to mounting arguments from the life insurance industry - chief of which is a lower cap makes such products uneconomic to manufacture and sell. The official publication of the Treasury's paper is yet to take place, it is widely expected within days. LOOKING AT the UK economy as a whole, chancellor Gordon Brown yesterday announced he is all for further interest rates rises, and said he would give the Bank of England his full support as it attempts to calm down mounting house prices. The Scotsman says Brown also endorsed BoE go...