Sales Figures: Booming High Street Can't Carry Economy Forever

1.44.18pm BST (GMT +0100) Wed 30th Jul 2003

Matthew Taylor MP, Lib Dem Shadow Chancellor

Matthew Taylor MP, Liberal Democrat Shadow Chancellor, responding to the latest retail sales figures from the CBI that showed sales growing at the fastest rate since 2002, said:

"Following record borrowing figures, it is not surprising to see people spending their newly borrowed money."

"But a boom on the high street won't make up for the bust in manufacturing."

"Spending financed by debt can't rescue Gordon Brown in the long run."

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