Interest Rates cut

[Blue]

Can only be good news, just hope it's passed onto us....

Bank of England cuts interest rate by 1.5% to 54-year low - Times Online

[drynetter]

1.5% is a massive jump considering that they struggle with a cut of 0.25% most of the time.

Hopefully it'll kick start the economy and we'll avoid the frightening prospect of a recess.... (can't bring myself to write the full word, the last one bite very hard).

[PJW]

Also ASDA claimimg that they are lowering their petrol price to 92p per litre as of tomorrow.
More fishing trips on the cards (at least it's going in the right direction)

[richk]

Originally Posted by PJW

Also ASDA claimimg that they are lowering their petrol price to 92p per litre as of tomorrow.
More fishing trips on the cards (at least it's going in the right direction)

Great news as I am off to France in 2 weeks so hopefully it will still be the same price and the bonus is that france is usually 2 to 4 pence cheaper than here so theres a chance of it being under 90p

Re the interest rate being passed on to us I very much doubt that it will I think its been done to try and Kick Start the Economy ie Industry and Small businesses, but there maybe a chance on the Mortgage Front because at the moment the most agressive Build Society when it comes to Repossesions is the Government Owned Northern Rock Brown and Darling should have been slung on a bonfire last night IMO

[drynetter]

Originally Posted by richk

Great news as I am off to France in 2 weeks so hopefully it will still be the same price and the bonus is that france is usually 2 to 4 pence cheaper than here so theres a chance of it being under 90p

Re the interest rate being passed on to us I very much doubt that it will I think its been done to try and Kick Start the Economy ie Industry and Small businesses, but there maybe a chance on the Mortgage Front because at the moment the most agressive Build Society when it comes to Repossesions is the Government Owned Northern Rock Brown and Darling should have been slung on a bonfire last night IMO

There's a few more than just Brown and Darling. Stick the whole Houses of Parliament on there and I don't think we'd be that much worse off.

In regards to the interest rate, good news for me as I'm on the SVR at the moment. Feel sorry for those who've only recently signed up for fixed rates.

Conspiracy theories anyone?

[richk]

[quote=drynetter;147754]There's a few more than just Brown and Darling. Stick the whole Houses of Parliament on there and I don't think we'd be that much worse off.


Well Brown and Darling would be a good start and to be honest I would not waste the fuel on the rest of them

[The Prowler]

Originally Posted by drynetter

In regards to the interest rate, good news for me as I'm on the SVR at the moment. Feel sorry for those who've only recently signed up for fixed rates.

Sadly being on the SVR is no guarentee of you benefiting from the full 1.5% decrease - many of the Banks were talking only last week of not passing on the full % drop to mortgage customers.

I think it will depend on which Bank (or mortgage lender) you are with - those recently bailed out by the taxpayer will come under massive pressure to pass on the full decrease, others may try to wriggle out of it

Time for a cut in petrol / diesel duty - GET IT DOWN BROWN

[ChrisKnapper]

Originally Posted by The Prowler

Sadly being on the SVR is no guarentee of you benefiting from the full 1.5% decrease - many of the Banks were talking only last week of not passing on the full % drop to mortgage customers.

Very true mate - Unfortunately we wont be dropping them the full 1.5% for our customers

Chris

[Bl4cky]

Re the interest rate being passed on to us I very much doubt that it will I think its been done to try and Kick Start the Economy ie Industry and Small businesses, but there maybe a chance on the Mortgage Front because at the moment the most agressive Build Society when it comes to Repossesions is the Government Owned Northern Rock Brown and Darling should have been slung on a bonfire last night IMO

they missed and absoloute trick when they gave all that money to get the banks going again. they should have stuck people in at the top of the banks to stop the top bankers pulling our pants down and shafting us. I can't believe that this was an overthought of the government as what do i know being a working class drunk?

[richk]

Originally Posted by Bl4cky

they missed and absoloute trick when they gave all that money to get the banks going again. they should have stuck people in at the top of the banks to stop the top bankers pulling our pants down and shafting us. I can't believe that this was an overthought of the government as what do i know being a working class drunk?

Spot on! And you watch all the Bosses will still be getting their 500 K bonuses at the end of the year! there is no recession for them boys! Plus it would be interesting to know how many of them are Labour Party Donors

[Bl4cky]

i'm labour through and through but i think that they need to got from to a more lefty stance to think of the working class man. i'll be have a glass of wine later and will unvail my plan to rectify the country in the coming years. it's a belter

[Stig]

Originally Posted by Bl4cky

i'm labour through and through but i think that they need to got from to a more lefty stance to think of the working class man. i'll be have a glass of wine later and will unvail my plan to rectify the country in the coming years. it's a belter

Nooooooo noooooooooo i dont want free Magners on the NHS or having to sing a compulsary Karaoke song after every pint

[Bl4cky]

the lady with the iron fist? i would rule this country with a limp wrist

[The Prowler]

Originally Posted by Bl4cky

i would rule this country with a limp wrist

... Peter Mandelson's right behind you Bl4cky

[Bl4cky]

lol

"oh mandy, you came right behind and diddled me, you are the king of the spin, oh mandy"