Papers

Weakness in Britain's biggest trading partners in the eurozone and slower than expected domestic growth should push UK interest rates down, the OECD has said.

Inflation figures and noises from the great and good of the Bank of England suggest more than ever that interest rates may have peaked.

Falling mortgage revenue has been blamed as the reason for increasing the level of job cuts at Abby by 1,000 to 4,000 in the wake of the takeover by Banco Santander, reports The Times.

Industry folk are urging new work and pensions secretary David Blunkett to come off the fence as quickly as possible in his new role, which was confirmed over the weekend.

Using overseas-based call centres to support financial services poses a risk to the objective of cutting financial crime, The Daily Telegraph reports the FSA stating.

INTEREST RATES may fall sooner rather than later, according to a report in the Scotsman this morning, as downbeat news about the economy suggests it is slower faster than expected.

Thousands of small business owners comprising husband/wife teams face back taxes averaging £9,000 following a High Court ruling reports The Daily Telegraph.

THE COST OF LIVING and need to save more feature in two of this morning's papers.

Leaked papers suggest Labour would not raise the retirement age of those employed in local government, potentially heaping £1bn in extra costs on local councils in the next three years, reports The Daily Telegraph.

INFLATION COCERNS dominate several of this morning's papers with many reporting that an increase in interest rates in May seems ever more likely.