Interest rate cut: -1.5%

[lilelvis2000]

My mortagage payment should drop by about £60. More money in my pocket...a bit extra to spend? Nope. The wife makes sure we're in permanent poverty. I got my credit crunch five years ago.

[sappatz]

BOE panic

the BOE is in panic mode
those guys know that UK is the next failed state after Pakiland and Ukraine. The legacy of blairite and new lie contagion will be felt for years

[Advocate]

Bugger,

I transferred some cash from euro land back to the UK last night, the exchange rate has shot the other way. Bet it chooses the crap one today rather than the ok one last night!

[ThomasSoerensen]

from the eternal optimist?

you don't want the pessimist version

[MPwannadecentincome]

This is a disaster. As a saver I will get stung by this, its bad for Britain also.
Disaster, bad for the pound also.

from the eternal optimist?

[DimPrawn]

I'm on a full-term tracker mortgage!

Boomed!



OK it will only make me £120 a month better off, but good news is good news

Have you read the small print? There's a lot of wriggle usually that means they don't have to pass on all or any of the cut.

I know it sounds mad, but some have a lower limit (like 1% above BoE) and some say they can move you to an alternative product if they wish to stop the one you are on.

[TheFaQQer]

If, as the title of the thread suggests, there has been a cut of -1.5%, shouldn't we be moaning about this massive increase in interest rates??

[d000hg]

why make another thread ?

If other people can't be bothered to pick a sensible title, I can't be bothered to read every single thread to see if it was already discussed.

[EternalOptimist]

This is a disaster. As a saver I will get stung by this, its bad for Britain also.
Disaster, bad for the pound also.

[swamp]

I'm on a full-term tracker mortgage!

Boomed!



OK it will only make me £120 a month better off, but good news is good news

[Cyberman]

why make another thread ?

[d000hg]

Wow, big cut. Discuss...