Let us have some sense over interest rates.

I fully agree with Ross Clark over on the TimesOnLine this morning that the latest cut in interest rates is pandering to the wrong people.
Our glorious unelected Leader's decision to throw billions of our money (& our grandchildrens') at the banks was just purely political grandstanding.
Instead it should have been used to support major infra-structure projects, thus ensuring our struggling industries got a lifeline, not allowing banks to continue with business as usual.
Now this latest cut in interest rates is just another move by OGUL to shore up his position in der Bunker.