A great day for leadership and prudent management

[Gordon Brown]

http://news.bbc.co.uk/1/hi/business/7715514.stm

The interest rate at which banks lend money to each other has fallen, according to British Bankers' Association data.

The Libor rate for borrowing sterling for three months fell to 4.49% from 5.56% on Thursday before the Bank of England rate cut was announced.

http://news.bbc.co.uk/1/hi/business/7716086.stm

The main mortgage lenders have started to respond to the government's demand that they should cut their mortgage lending rates.

The Nationwide, HBOS, the RBS/NatWest group and nationalised Northern Rock will cut their main variable lending rates by the full 1.5% on 1 December.

Lloyds TSB and the Abbey announced similar steps on Thursday.

Prime Minister Gordon Brown had urged lenders to pass on the Bank of England's 1.5% cut in its Bank Rate.


http://news.bbc.co.uk/1/hi/uk_politics/7716316.stm

Gordon Brown has welcomed the move by more lenders to pass on the full cut in interest rates announced by the Bank of England on Thursday to their customers.

Mr Brown said he was "pleased" more homeowners would see the benefit of the fall in rates from 4.5% to 3% as Halifax and Nationwide cut their rates.

He denied he had applied pressure on lenders to take the step saying they had chosen such a course themselves.

Mr Brown is in Brussels as the EU seeks a common position on economic reform.



Where's big mouth Cameron now eh?

[Doggy Styles]

Where's big mouth Cameron now eh?

Good point.

I imagine he's relaxing with a glass of mulled wine, watching the fireworks, waiting for the right time to remind everyone who got us into all this shite in the first place.

[Cyberman]

I'm sure that all of our pensions will now recoup that 170 Billion lost through your taxes, Gordon.

[HairyArsedBloke]

LIam Halligan has an excellent piece in the Telegraph today.

Our top commercial bankers must report to a secure room - under threat of legal redress - and disclose to each other the full extent of their sub-prime liabilities.

This is a necessary, but far from sufficient event to happen.

[AlfredJPruffock]

http://news.bbc.co.uk/1/hi/business/7715514.stm

The interest rate at which banks lend money to each other has fallen, according to British Bankers' Association data.

The Libor rate for borrowing sterling for three months fell to 4.49% from 5.56% on Thursday before the Bank of England rate cut was announced.

http://news.bbc.co.uk/1/hi/business/7716086.stm

The main mortgage lenders have started to respond to the government's demand that they should cut their mortgage lending rates.

The Nationwide, HBOS, the RBS/NatWest group and nationalised Northern Rock will cut their main variable lending rates by the full 1.5% on 1 December.

Lloyds TSB and the Abbey announced similar steps on Thursday.

Prime Minister Gordon Brown had urged lenders to pass on the Bank of England's 1.5% cut in its Bank Rate.


http://news.bbc.co.uk/1/hi/uk_politics/7716316.stm

Gordon Brown has welcomed the move by more lenders to pass on the full cut in interest rates announced by the Bank of England on Thursday to their customers.

Mr Brown said he was "pleased" more homeowners would see the benefit of the fall in rates from 4.5% to 3% as Halifax and Nationwide cut their rates.

He denied he had applied pressure on lenders to take the step saying they had chosen such a course themselves.

Mr Brown is in Brussels as the EU seeks a common position on economic reform.



Where's big mouth Cameron now eh?

Aye Gordon !

Yer a modest man - ye dinnae even boost aboot how ye gave the SNP a good wee belting last week at the polls in Scotland !! Alex wiz shouting fir PC Murdoch !!! Murder Polis !!!!

Help Ma Boab !!!

Aye - so yiv sent Alex and SNP back hame tae think again and noo yiv got the englush punters aw trembling at very thocht o'those Torys makin' an even bigger mess o'the economy than Labour made - so yer aw set tae win the next election - aye jist like yon Democrat O'Bampot - but afore ye get muckle big heidied -aye mind Gordon - ah kent yer Faither.

Jings !

Guid luck Gordon - I'll be gettin' the last bus tae Solaris !