Interest Rates.
by AK ~ November 6th, 2008. 9:15 AM.. Filed under: Soapbox.The Bank Of England are expected to reduce interest rates today by 0.5% although some are calling for a much bigger cut of 1%.
Whatever the cut maybe will it be passed on to the banks customers? I doubt it very much. The last rate cut of 0.5% was handed down to me in the shape of a 0.15% mortgage interest rate cut. 
It’s all well and good Mr Bean uttering….
“We want the banks and building societies to pass on the interest rate cuts to their mortgage holders,”
do something about it! 
