UK interest rates have now been cut to 2 percent

This an update to my earlier post.

Just had a quick look at the BBC News site and it has been confirmed that interest rates have been cut from 3% to 2%, the lowest rate since 1951 according to the site.

It is great news for those with mortgages as the banks will be forced to pass the cut to their customers. However as usual this is bad news for savers.

If you have a few quid under the matress now I feel is the time to start looking at alternative investments. Check out my previous post about considering antiques as an alternative place to put your money into.