The Herald reports:
MPs yesterday attacked banks for not passing on interest rate cuts to customers while turning in high profits during a recession.
Parliament’s multi-party finance and expenditure committee said in a hard-hitting report that it was “concerned that some banks have not passed on the latest … cut to the official cash rate in their interest rates for floating mortgages”.
Not surprised MPs were unanimous on this. Attacking banks is almost as popular as attacking paedophiles!