Wow Interest rates cut by 1.5%

[shropshire 0]

.... in the U.K. Now stands at 3%.

Will this affect the "man-in-the-street"directly? i.e. will my Mortgages rates go down accordingly - well not in the short term, I'd guess not.

(.)Y(.)
Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome

[DougH 270]

Nope. They will keep the rate cut for themselves to help with margins and finance fat cat payrolls, don't expect much for the man in the street.

"The restraining order says you're only allowed to touch me in freefall"
=P

[shropshire 0]

Tis what I thought

(.)Y(.)
Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome

[bluepill 0]

The LTSB group will cut their variable rate.

The PM has asked banks to pass the rate cut on and ass the gov has bailed out LTSB then it will do as it is bloody well told.

BP

[shropshire 0]

That would be very good news - I hope that Barclays play ball too.

(.)Y(.)
Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome