For those of you who don't yet read it, the man talks sense:

http://www.telegraph.co.uk/money/main.jhtm...0/ccliam110.xml

One of the few in the media who does. Oh and he is not me

And here's another from a few weeks ago:

http://www.telegraph.co.uk/money/main.jhtm...0/ccliam120.xml

But they cut rates anyway of course.