Quote Originally Posted by Organ Morgan. View Post
>>> http://news.sky.com/story/more-peopl...banks-10521617

With the Bank of England today cutting the base rate to 0.25%, which is the lowest in its 320 year history following seven years of it being stuck at its previous historical low of 0.5%, and with the resumption of its QE program, Brits who are paying attention will be heading to their banks in far greater numbers.
The whole point of the lowering of the interest rates is to stop people holding money and to go out and spend it to keep the economy going Thats the whole point of it, to discourage holding cash and encourage investment and economic activity.