Mortgage Rates News Uk
What’s the point of the emergency rate cut by the BOE shouldn’t rates be increased instead?
http://news.bbc.co.uk/2/hi/business/7683661.stm
right lets get away from the election for a while, interest rate cuts make our currency and investment likelihood less enjoyable by investors, why cut rates as not all the value is past onto mortgage holders? Views tvm.
It is in effect an increase.
That’s because of the very nature of cutting the rates, then the banks wait months to pass the benefits on, they’ll not immediately cut peoples interest charges.
Another scam has been with public transport. In my region, the main public transport company; first, raised their prices five times in a year at the height of high fuel costs. They said they’d done this to cover short falls in previous years. However, there were no shortfalls – they simply omitted to mention to the public that they had done a deal and had the prices pegged to a certain level which still has another year to run. And now despite falling fuel prices, the journey costs aren’t falling at all.
Sometimes I think that the only thing that government and big business would cut is our throats.
UK Intererst Rate Cut & Sheffield Gloom – News Apr 2008
