Liberal Democrats in Business

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

Interest Rate Decision: Chancellor Must Help Out Bank

3.16.00am GMT Thu 4th Mar 2004

Responding to today's decision by the Bank of England's Monetary Policy Committee to keep interest rates unchanged, Vince Cable MP, Liberal Democrat Shadow Chancellor, said: "The Bank of England is hoping desperately for a happy ending to the house price boom without sending bankruptcies soaring."

"The Bank cannot be expected to manage the whole economy with interest rates alone. The Chancellor must deal with the imbalances in the economy."

"Gordon Brown must urgently address the irresponsible bank lending that has fuelled the house price boom."

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[Previous news story]: Lib Dem Brian Cotter MP Comments on NAO Report Into Business Regulations (Thu 4th Mar 2004).
[Next news story]: Kennedy Sets New Course For Public Spending (Thu 4th Mar 2004).

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