The Times are reporting that if rates are cut next month, then some mortgage holders will be paying 0.01% interest on their mortgages.
I am sure Gordon Brown is pleased now - debters pay no interest and savers receive no interest. Perfectly summing up his chancellorship. ar$e about face.
His debt fuelled economic vision is in tatters. With some hope and pride we can pull ourselves from this mess, but not with Gordon Brown in charge. He got us into this mess and he will not get us out.
If the man cannot admit any of his mistakes or even that the boom has bust, how can he be the man to lead us out of the mess.