Negotiation, Negotiation, Negotiation

UK Property Investment news and comments from Mark Harrison of

Silver Lining for Savers (article by Matthew Bretherton)

Posted by markharrison on July 31, 2008

Matthew Bretherton has written a good new article at about who is gaining from the credit conditions.
He points out that the growing spread between base rates and actual rates cuts both ways:

…the interest banks are prepared to pay out on savings accounts are 1.3% higher than the last time the Bank of England base rate was at 5% (in December 2006)…

He also points out that the result is increased savings, which, because of the Basel II rules (forthcoming blog post), might spell some good news for borrowers.

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