Will French: My business week (Independent)
Story date: 2008-01-05 04:20:36
Added on: 2008-01-05 23:40:15
It seems to me that some of the high-street lenders are revealing their level of exposure to the credit crunch by what they do with interest rates. Last month the Halifax, Nationwide and Abbey promptly lowered their standard variable rate by 0.25 per cent (as normally expected after a Bank of England base rate cut). However, some of the smaller lenders have still failed to act.
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