Liberal Democrats in Business

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Brown Must Act Before Consumer Bubble Bursts

12.35.51pm BST (GMT +0100) Thu 7th Aug 2003

Matthew Taylor MP, Liberal Democrat Shadow Chancellor of the Exchequer

Matthew Taylor MP, Liberal Democrat Shadow Chancellor of the Exchequer

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

"The Bank is torn between tackling runaway consumer debt on one hand and struggling manufacturing on the other."

"Interest rates alone cannot rebalance the economy. It's time Gordon Brown lived up to his responsibility by cutting his red tape and tax complications that hold business back before the consumer bubble bursts."

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