Economists' consensus: No rate rise until November

In the annual Financial Times survey of more than 80 prominent economists, a majority of those surveyed said the government will deviate at some point over the next Parliament from its plans to cut spending further. Some 52 of the 87 who answered a question on spending said the next government will deviate from the plans, which are aimed at reducing the UK's current account deficit. A further 12 believe the outcome will depend on the election result, with the remaining 19 believing the next government will hold firm whatever the outcome. A number of the economists added that contin...