Interest rates "will have to rise again" - papers 13th May

Governor Mervyn King has given his sternest warning yet consumers should expect a sharp fall in house price inflation so the monetary policy committee may have to raise the cost of borrowing in coming months, as the Bank of England expects inflation to rise above its 2% target in two years' time. PROFITS AT insurance group Aegon UK have increased this year, reports the Scotsman, but some of that gain is in part as a result of major internal changes. Aegon UK – owner of Scottish Equitable – has revealed first-quarter pre-tax profits are up 10% on this time last year to £32m, however, t...