Liberal Democrats in Business

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

Bank of England Caught Between Boom and Bust

3.39.14pm BST (GMT +0100) Mon 5th Apr 2004

Reacting to this morning's index of production figures showing manufacturing output falling, Dr Vince Cable MP, Liberal Democrat Shadow Chancellor, said: "With manufacturing back in recession people are justifiably anxious about their jobs."

"Today's figures show that the economy continues to be fundamentally imbalanced."

"Faltering manufacturing on the one hand and a house price boom on the other means the Bank of England is caught between curbing a consumer boom or preventing an industry bust."

"Britain's twin problems of runaway consumer spending and manufacturing in recession cannot be resolved by the Bank of England alone."

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[Previous news story]: Deal In European Parliament Saves Budget Share-Dealing And Opens Up Stock Markets (Thu 1st Apr 2004).
[Next news story]: Falling Manufacturing Figures Reveal Imbalanced Economy (Mon 5th Apr 2004).

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Tue 11th May 2004:

[Manufacturing Output Falling: Bank of ENgland Cannot Solve Problem Alone]

Thu 29th Jan 2004:

[Homeowners Need Protection Against House-Price Boom and Bust - Cable]

Tue 13th Jan 2004:

[Manufacturing Output Falling: Bank Of England Cannot Solve Problem Alone - Cable]

[Losers In BCCI Bankrupcy Will Be Dismayed At Alleged Bank Of England Failure To Act]

Wed 22nd Oct 2003:

[MPC Minutes Show Bank Of England Trapped Between A Rock And A Hard Place - CABLE]

Thu 24th Apr 2003:

[New Measures Needed To Stop "Boom and Bust" - Cable]

Thu 20th Mar 2003:

[Bank Of England Holds Its Breath For The Budget]

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