Reuters: UK’s Brown vows new measures to pass on rate cuts
Reuters: UK’s Brown vows new measures to pass on rate cuts “Although the Bank of England has cut rates in recent months, the banks have not always been passing those reductions to their customers,” Brown says in tomorrows News of the World. Brown has instructed lapdog Finance Minister Alistair Darling to lecture the main mortgage lenders next week on ‘new measures’. I hereby suggest any new lending is based firmly on a maximum of 4x salary for when interest rates rise again once inflation grabs the UK by the neck in May.
Original post by enuii
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