This is atrocious publicity for HSBC. If they fail to pass on the rate cut to loyal customers, they deserve to lose trade. Removal of custom now may appear 'a drop in the ocean', but a bad reputation sticks, passing on through generations.

Ann, Colnbrook, Berkshire

I am an SVR customer with HSBC and was expecting a cut in the SVR. Now if HSBC do not pass the rate cut I will be moving from this lender. I know it s not going to make any impact on them. But if all customer do the same thing they may realise the mistake. Finally many a drop make an ocean’

Johnson Paily, London, UK

Am an SVR customer with HSBC, if they don't pass on the rate cut am planning to quit. I know this will not make any impact on a giant like HSBC. But I feel all customers should form a forum and be prepared to tmove out from HSBC, then they may feel the pinch !!

Johnson Paily, London, UK

If HSBC do not pass on this rate cut, despite being a loyal customer with them since the days of Midland Bank (over 24 years) as soon as our deal with them expires we will be parting company! Yes HSBC that includes our savings for which funnily enough you have passed on the rate cut!!!

Tim, Kent, UK

Market forces will apply here if HSBC dont drop their SVR to remain competitive then we will all move to banks/building societies that do.

Andrew , cambridge, UK

I'm so annoyed! Took out a SVR mortgage with HSBC in May of this year when I could of taken a tracker. I (it seems somewhat stupidly) thought I could rely on HSBC to move their rates in line with the BoE rates. But hey presto, we have had a 2% drop in Base now in the last month & no drop in SVR!

Colin, Chertsey,

Ed, unfortunately some of us are stuck with HSBC at the moment & don't have the option of moving. Had I known they would behave like this I wouldn't have gone with them in the first place. If they don't pass on the cut I will be writing to them & never using them again. I hope others do the same.

Debra, London,

So, what we're saying here is that a 'free market economy' is only free if its participants comply with the Government's will.

I need to think about this ...

David Garfield, London, UK

I'm with Ed here - HSBC were just about the only UK bank not to get carried away with lending over the last few years. This means they do not need a government bailout so are still able to do what they choose.

What pressure can the government apply anyway?

Tom , Winchester,

If HSBC leaves its SVR unchanged at 6.25%, all affected customers must write to HSBCs CEO, Michael Geoghegan at HSBC, 8 Canada Square, London E14 5HQ, immediately. And the Government should apply further pressure too.

M Day, Bury St Edmunds, UK

Banks should be forced to lend as much money as people want, at extemely low interest rates, to people who have no intention of paying the money back. Can't see what problems this will cause.

Banks are a business, and HSBC is entitled to charge what it likes. If you don't like move.

Ed, LOndon,

I'm a HSBC customer and will be furious if they do not change their SVR to at least be in line with its' competitors. They should be held to account for misselling if their so called HSBC "variable rate" is far from being variable.

Donny, London, UK

That is the only thing that will work. Lend to first time buyers with 5% deposits. The govt. should guarentee any losses for these people. Irony is prices will go up so dont need to guarentee.

Rich, hereford,

If HSBC do not pass on the rate cut it will be simply disgraceful. Customers have long memories HSBC and even if we cannot take action now, for whatever reasons, the customer will return your "favour" and walk away from this Bank in their thousands.
You know you should take the appropriate action.

Duncan , Dubai, UAE