UK Landlord Forum / Life

It all over the BBC news this morning- the Bank of England has announced details of a £50bn plan to help prevent the credit crisis causing more damage to the UK banking system and economy.

The money is meant to be going to Banks so they don't have to continue increasing mortgage rates. Of course, it's said that it will all  come out of the tax papers budget.

Anyways, here's the story on the BBC at the moment, it's not much right now, but I'm sure there will be more on it later.

The banks will get the boost but my prediction is none of it will be passed on to the customer. They've known they've been overextended for a while now, they'll take this opportunity to correct whether Gordon likes it or not.


V