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It just gets better.

This is the message from the Government to all those banks who are wondering whether to pass on the full 1.5% cut to their borrowers:

We can do this the easy way or the hard way,
either way we will get our way

We are really in historic times.  We are seeing a government taking a heavy handed approach to this recession. 

It is a bit worrying at how heavy handed they are being but since their motivation is for the good of the majority (the only sufferers being the shareholders of the banks) then I think I can sort of agree with it. 

So expect this recession to be quick.  I have already read that there is going to be a 0.5% rate cut next month so we are going to have a base rate of 2.5% or even 2%.

So for any bank considering not helping us all out expect a visit from a civil servant or even a minister who will throw you off your main frame computer, change the rates and then change the passwords so you cannot get access to it until you start to play ball!

Love it!

Article Courtesy of Ajay Ahuja