Base Rate Cut By 1.5%

atlantis187

Bank of England has cut the base rate by 1.5%. It currently stands at 3%

Smurggle

That is unbelievable- does anyone think that this cut will be passed on?

savemoney

I hope it does, I am due to change mortgage soon

Its on BBC web site now

http://news.bbc.co.uk/1/hi/business/7713006.stm

withabix

The thieving banks will probably cut by 0.75% if we're lucky.

Makes my 5.99% fix look a bit pricey now :rolleyes: LOL (although the first 12 months was 1.99%, so swings and roundabouts I suppose)

aardvaak

savemoney wrote: »

I hope it does, I am due to change mortgage soon

Its on BBC web site now

http://news.bbc.co.uk/1/hi/business/7713006.stm

Borrowers are selfish g*ts what about the poor savers!

bfgun

Smurggle wrote: »

That is unbelievable- does anyone think that this cut will be passed on?

No - Not all of it anyway

katew87

I bet the greedy banks wont pass it on!!

bfgun

aardvaak wrote: »

Borrowers are selfish g*ts what about the poor savers!

Think yourself lucky you have savings!

savemoney

Why are they

I bought a house not as an investment but to start a family

Have you not bought a house then? if you did then surely would were "selfish g*t"

aardvaak wrote: »

Borrowers are selfish g*ts what about the poor savers!

Feline-Fan

Scottish Widows have still not passed on to us, the previous rate cut

polaroid

blimely. i am shocked. didnt see 1.5% coming