Tuesday, April 15, 2008

Do as I say, not as I do.

The government is obivously a great follower of the ethos of "do as I say and not as I do "with regards to their dealings with the banks. After all, this morning they will be telling the Cheif's of the leading lenders that they should cut their lending rates in line with the interest rate cuts announced last week.

Fair enough you would think. But one of those banks refusing to cut their rates is Northern Rock, which as we all know is now government owned. So its all right for the government to demand the cutting of rates, but won;t do it in their own bank.

Bloody hypocrites.

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