Following yesterday’s interest rate cut from 4.5% to 3%, there were concerns that lenders would not pass on the rate cut to customers.However, earlier today the chief executives of Britain’s top banks were summoned to Downing Street to meet with Chancellor Alistair Darling, where he demanded that they pass on the rate cut to customers [...]

More: Bank bosses summoned to Downing Street to ensure rate cut passed on

It's about time! - They should have been made to do it the day the rate was announced!

Although, good news for the banks they made a couple of hundrend Million pounds to pay US our public money back!