Bank of England cut rate to 1%

[Bat21]

So once again the people in debt are rewarded... but those with savings are shafted :doh :banghead

 

[zippy656]

only if its passed on though

 

[Banksy]

Will this rate be passed on

I cant see the banks & building Societies passing this rate on to customers not even anything like it. OK if you are on a tracker though.

 

[Thomas-the-Terrano2]

I cant see the banks & building Societies passing this rate on to customers not even anything like it. OK if you are on a tracker though.

yep certainly am, my mortgage has been dropping almost every month for 2 years thanks
to decreasing rates, the 'savings' have been reinvested in a personal loan from another
bank to buy our caravan.

All work and no play was making TtT2 one unhappy bunny, now have something to smile
about for same outlay. 2 home family!