BOE Base rate cut by 0.5%

[ianrauk]

good for those on tracker mortgages (if passed on by the banks of course)

 

[domtyler]

good for those on tracker mortgages (if passed on by the banks of course)

I won't hold my breath for the mortgage rate cut, but I guess it's good news!

 

[ChrisKH]

What's the betting the banks delay passing on any cut?

 

[ianrauk]

Well the Abbey usually take their time doing so..

 

[magnatom]

Hmmm. Less incentive to save. Less money going into savings. Less deposits to help support the banks. More money needed from the taxpayers to shore up the banks finances.......

It's all a bit of mess really!

 

[Plax]

Hmmm. Less incentive to save. Less money going into savings. Less deposits to help support the banks. More money needed from the taxpayers to shore up the banks finances.......

It's all a bit of mess really!

Capitalism at its best.

 

[ufkacbln]

Hmmm. Less incentive to save. Less money going into savings. Less deposits to help support the banks. More money needed from the taxpayers to shore up the banks finances.......

It's all a bit of mess really!

Now, now....... you weren't expecting common sense were you?

THere is no incentive for the banks to pay money to savers when they can get it from the Government.