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Sky News On The Hour 3pm -

View in ParlView

(generated from captions) . Bsh captioned by Ai-Media This program will be live

Hello, and welcome to Contrarians. I'm Peter van

Onselen on this pre-budget

show where we will take a

look at what is in the

budget, the good, the bad and the ugly and also how much

this leadership speculation truth is electric to some of

that is going on at the

moment, about particularly a

Kevin Rudd comeback. All of

that coming up shortly but

first let's take a look at ha

is making news. Westpac has

become the third of the major banks to cut the interest

rate today announcing a drop

of .37% to 7.09%. The cut

will save home owners with an

average $300,000 mortgage

around $900 a year in monthly

repayments. Westpac's cut is

the second largest made by the major banks this month