Gordon Brown's word is hardly the law is it

Gordon Brown and his cabal consistently call on banks to pass on interest rate cuts which is why I was not that surprised to read the news that:

"RBS/NatWest will not pass on the latest cut in the Bank rate to its variable rate mortgage customers.

The bank, which is majority owned by the taxpayer, said it had to consider savers too and its standard variable rate (SVR) was already competitive. "

Gordon Brown, his word is law - pah!