Charlie Weston: You'd have to be crackers to give up your trackers
BANKS don't do irony, but if they did, they would probably be the best in the world at it.
Take Bank of Scotland (Ireland) and its retail offshoot Halifax. In 1999, the Scottish lender turned the mortgage market in this country upside down when it came in here with a mortgage offering that was a full 1pc cheaper than every other lender in the market.
The response was immediate from the existing lenders -- mortgage rates were slashed across the market as the cosy cartel was severely disturbed.