Liberal Democrats in Business

News and views from the Lib Dem Treasury, Trade and Industry Teams and the Liberal Democrat Business Forum

Inflation Rise - Chancellor Can't Hide Forever

12.00.00am UTC (GMT +0000) Tue 18th Mar 2003

Commenting on the rise in the RPIX inflation rate to 3% this month Matthew Taylor MP, Liberal Democrat Shadow Chancellor, said:

"Tumbling investment, and rising inflation cannot both be tackled through interest rates alone. The Chancellor cannot expect the Bank of England to deal with these problems alone."

"While all eyes are on Iraq, the Chancellor must be expecting some breathing space from criticism of his inaction. But with the budget due in three weeks, he can't hide forever."

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