Speeple News Search

Sign Up! | Tags | Domains | Statistics | Options | Advanced Search

Big banks finally back down to pass on rate cut

guardian.co.uk » 2008 » November » 7th » Big banks finally back down to pass on rate cut

Tagged: politics, business, uk news, property, money, mortgages, economic policy, bank of england, first time buyers, banks and building societies

Britain's banks finally caved in to growing public and political pressure yesterday and agreed to pass on to their customers the full 1.5 percentage point cut in interest rates. After an early morning meeting with the chancellor, Alistair Darling, the UK's biggest lenders yesterday came out one by one and said they would reduce monthly payments for customers with variable rate mortgages by the … Continue Reading »

Latest news from UK news | guardian.co.uk:

  1. 'Sex drug' firm told to take down billboard ads by ASA
  2. McDonald's to put 10,000 apprentices on fast-food track to success
  3. Police question jailed loyalist informer over murder of paramilitary
  4. Blacks's profits hit by boardwear sales slump
  5. Ukip reckons Darling about to borrow one of its tax policies

Latest news from guardian.co.uk:

  1. Anne Wollenberg asks why we don't make the most of digital signatures
  2. Diplomatic efforts near deadlock in search for Israel-Hamas deal
  3. Premium bonds reveal 600,000 fewer winners
  4. Stansted protesters sentenced to community service amid threat of £2m damages claim
  5. Football quiz: Denilson