Banks Reluctantly Agree to Pass on 1.5% Interest Rate
 

I'm sorry!! We just gave you banks £500bn as you cocked up and you don't want to pass an interest rate cut on to the British public.

Someone needs to check the heads of the people running the banks!!!

Rant over :)

Re: Banks Reluctantly Agree to Pass on 1.5% Interest Rate
 

ah you see they need a bit of bubbly for the share holders meeting, gotta have a bit of bubbly.

Re: Banks Reluctantly Agree to Pass on 1.5% Interest Rate
 

i'm not happy with the banks and credit (2 different subjects) just now ... (has a little rant to himself again)

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Re: Banks Reluctantly Agree to Pass on 1.5% Interest Rate
 

don't forget the 'special' meetings held in the swishest hotels to go with that bubbly

Re: Banks Reluctantly Agree to Pass on 1.5% Interest Rate
 

and the xmas bonuses.

Re: Banks Reluctantly Agree to Pass on 1.5% Interest Rate
 

So ,because I was carefull and saved ,I am now to be penalised to help out those T**** that messed it all up.

Re: Banks Reluctantly Agree to Pass on 1.5% Interest Rate
 

i'm with gid ...

Re: Banks Reluctantly Agree to Pass on 1.5% Interest Rate
 

a buddy at work insisted the rate should go up, almost treble it, to teach the credit crew a lesson.................maybe hes got a point, but practicaly?

Re: Banks Reluctantly Agree to Pass on 1.5% Interest Rate
 

Banks are a business, they should be able to do what they like as long as they are held responsible for it....

BTW was it cheap credit that got us in to this situation, and now the banks have to extend credit lines as per a couple of yeras ago if given government help, i.e recycling the problem again.

Face it, if you ain't go the cash for it don't buy it.

Re: Banks Reluctantly Agree to Pass on 1.5% Interest Rate
 

Of course they wont pass on the breaks - they have all just lost a ton of money and they need to make it back somewhere. One of the smaller banks will come through with the goods to make up some market share and they will start to tumble back in line.

EDIT - 1st of December it will happen... http://news.bbc.co.uk/1/hi/business/7716086.stm