Liberal Democrats in Business

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Interest Rates: Britain Can't Borrow Its Way Out Of Trouble Forever - Liberal Democrats

4.00.00pm BST (GMT +0100) Thu 9th Oct 2003

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 sluggish business investment on the other."

"Interest rates alone cannot rebalance the economy. The Government must start slashing through Gordon Brown's red tape and tax complications that hold business back."

"Britain can't borrow its way out of trouble forever."

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