Liberal Democrats in Business

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

Homeowners Must Be Protected From Irresponsible Lending - Cable

10.46.53am BST (GMT +0100) Thu 29th Apr 2004

Responding to the Nationwide house price index, released today, which shows house prices up 2.1% in April, Vince Cable MP, Liberal Democrat Shadow Chancellor, said: "Large numbers of people are gambling on the house price boom - a gamble they may regret if house prices start to fall or interest rates rise."

"It is time for the Government to take action to protect ordinary homeowners against irresponsible lending."

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