Re the earlier point about screams of profiteering:
Britain\’s largest mortgage lenders were last night accused of fattening their profits at the expense of increasingly stretched homeowners as two leading firms ignored the third interest rate cut from the Bank of England in five months and pushed through price increases on some of their most popular home loan offers.
Didn\’t take long.
No note of the fact that wholesale inter-bank rates haven\’t moved in lock step with base rate cuts and that it\’s the former which determine the costs of mortgages.
Well done The Guardian, informative and comprehensive as ever.