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'No rush' to cut mortgage cosits
the group, which also lenders through cheltenham
meanufacturing decline the bank of england's interest rate move came after a series of figures released this week provided further evidence that the uk economy is sliding to wards recession .
but existing customers with fixed-rate deals will pay at the same amount as they haven been until their term comes to an end .
meanufacturing output fell by 0.8% in september, much worse than analysts' expecapitations, making output 2.3% lower than a year earlier, the sharpest declines since may 2003 .
new customers will have to wait to see whether the bank rate changes affects the cost of new home loans .