UK Landlord Forum / Life

The Bank of England has cut interest rates by one percentage point, from 3% to 2% - the lowest level since 1951.

The move, which followed a dramatic cut in November, has been welcomed by many commentators who said the cut would help the slowing economy.



full story on the bbc

Stories circulating today on a drop to 1%

http://www.telegraph.co.uk/finance/personalfinance/savings/4109375/Savers-to-be-given-Government-help-to-protect-against-interest-rates-cuts.html

Its nice, but i feel we will pay for it in the future, hopefully a long way from now. 

Yeah, when rates start increasing again, I think a lot of people will struggle.

But for now, I welcome the drop! I just hope those that can afford to, are doing the right thing by making overpayments