BROWN IN DANGER OF DERELICTION OF DUTY

12.18.07pm UTC (GMT +0000) Thu 5th Jun 2003

Matthew Taylor MP, Liberal Democrat Shadow Chancellor of the Exchequer

Commenting on the Bank of England's decision to hold interest rates, Matthew Taylor MP, Liberal Democrat Shadow Chancellor, said:

"The Bank of England is torn between the desperate need to deal with the collapse in UK investment, and fear of stoking rising consumer and house prices."

"Outside the Euro the Bank of England has no answer to the two speed economy, while the Chancellor pretends there is no problem."

"The Chancellor's long awaited announcement on the Euro on Monday, must include his plans to rebalance the British economy, or he will be in dereliction of his duty to British business."