1.5% off base

[Wij]

noooooo, it's not anywhere near 6%

They only alter the pretend-rate once in a blue moon.

 

[Sar]

I'm still on a fixed rate 2 year deal as part of a re-mortgage until September next year. Doesn't worry me though, just means more getting paid off the capital.

 

[Furr]

Arghhhh my savings they cry....

 

[taB]

Nat West just called me - their standard variable rate is being cut from 7.19 to 5.19 %. They're still a rip off and much better out there I am sure, but at leat they are passing the cut on, to a fashion

so still 2.2 above base. Theiving bastards.

 

[old.user4556]

So they're supposed to lend you tens, maybe hundreds of thousands of pounds based on your earnings over a long period of time for free? Do you have even a slight idea of real life?

 

[yaruar]

Economically it's a very good move for our country.

Less people wanting to save - kaching
More people wanting to borrow - kaching (only a kaching if the banks decide to lend - hard to say for the moment but should improve over time)
More people spending - kaching

Increasing burden of personal debt - worlds longest and most painful hangover.

Record levels of national bancrupcy = win!