Thursday, 6 November 2008

Banks Strangely Slow To Pass On Interest Rate Cut to Customers

Most of the UK banking sector has so far been unaccountably slow to allow its long-suffering customers to share in the savings made possible by the Bank of England’s shock 1.5% cut in the rate of interest.

“The complex nature of international finance in a globalised economy means that ordinary people sometimes fail to grasp the essential principle that banks exist for the sole purpose of giving vast sums of money to their shareholders and senior management. Got that? Good. Now fuck off,” explained one mega-rich bank director, as he sped off in his new Bugatti.

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