Why the Bank of England cut interest rate's, trying to slow/stop repossession
 

The Bank of England decided to cut interest rates dramatically in September 2008 interest rates have not been seen as low as this is since the great depression which was in 1930, and we are currently experiencing the lowest interest rates to the Bank of England was founded in 1694. This, we feel, is/was a step towards trying to stop repossession of so many households throughout the U.K.