So the Bank of England yesterday cut base rates by 1.5% to their lowest level since the 50s.

Now bearing in mind we as taxpayers have pumped billions of pounds into the banking sector after they proved they were all so incompetent to have got themselves into this mess, how do you think they have reacted? Have they passed it on to us to say ‘thank you’ and to help us out of the situation they have put us in?

No. They blame the LIBOR and claim that that is stopping them from passing on the base rate cut. Erm… Sorry, who sets the interbank offered rate? That would be … the banks…