"In the scale of alleged bank boo-boos, what’s worse? Failing to pass on all the interest rate cut to hard-pressed families, or slashing the retirement income of elderly couples who live off the interest on their bank and building-society savings?

As I say, it’s a proper old dilemma."

-- Robert Peston, the well respected BBC Business Editor, on the topic of today’s 1% cut in the Bank of England interest rate, bringing it to an historic low point.