Liberal Democrats in Business

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Interest Rate Discussions Highlight Need For Action

11.19.00am UTC (GMT +0000) Wed 21st Apr 2004

Commenting on today's Monetary Policy Committee minutes Vince Cable MP, Liberal Democrat Shadow Chancellor, said: "The MPC continues to be torn between a fear of extending the credit boom and causing the credit bubble to burst."

"Today's minutes show that the Bank of England is concerned about the rise in debt and is contemplating interest rate increases. Some at the Bank believe that levels of debt are making households increasingly vulnerable."

"Gordon Brown must urgently address the failures that have allowed banks to lend irresponsibly and fuel unsustainable levels of debt."

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[Previous news story]: Statistics Show Labour Is Failing Small Business (Mon 19th Apr 2004).
[Next news story]: Late Payments Killing Small Businesses (Wed 21st Apr 2004).

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