It will make no difference to mortgages as banks do not borrow off the Bank of England but between themselves. You need to watch the LIBOR rate to check mortgage rates. Anyone who has been prudent and saved money will have their rates cut though...mixed messages or what?
Here we go again,you would think this Government would have learnt a lesson. Cheap credit will fuel another economic disaster ,National debt will rise even faster than before. Its about time Savers demanded more from their savings and perhaps it might stop the spending Spree. They seemed to have timed it just right just before Christmas