Liberal Democrats in Business

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

Reckless Lending Fuelling House Price Boom - Cable

2.14.00pm BST (GMT +0100) Tue 4th May 2004

Commenting on this morning's lending figures Vince Cable MP, Liberal Democrat Shadow Chancellor, said: "This rise in lending is simply recklessly fuelling the housing boom."

"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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[Previous news story]: Royal Mail Needs Comprehensive Investigation (Fri 30th Apr 2004).
[Next news story]: Brown Needs New Approach To Manage Lending (Wed 5th May 2004).

Related News Stories:

Thu 6th Dec 2007:

[House Price Inflation Should Be Incorporated Into CPI - Cable]

Thu 29th Nov 2007:

[Brown's Reckless Policies Cause Instability - Cable]

Fri 10th Nov 2006:

[Irresponsible Lending Increasing As Rates Rise - Cable]

Wed 1st Nov 2006:

[Irresponsible Lending Fuelling Housing Market - Cable]

Tue 2nd Nov 2004:

[Banks Must Stop Fuelling The Borrowing Boom - Cable]

Thu 17th Jun 2004:

[Brown Still Failing To Tackle Precarious House Price Bubble]

Mon 14th Jun 2004:

[ODPM House Prices: Brown Must Tackle Reckless Lending - Cable]

Wed 12th May 2004:

[Brown Must Act On House Price Boom]

Thu 29th Apr 2004:

[Homeowners Must Be Protected From Irresponsible Lending - Cable]

Mon 19th Apr 2004:

[Irresponsible Lending Fuelling House Price Bubble Says Cable]

Mon 1st Mar 2004:

[Soaring Lending Fuelling Unsustainable Housing Bubble - Cable]

Thu 26th Feb 2004:

[HOUSE PRICE HIGH CALLS FOR CAUTIOUS MEASURES - CABLE]

Wed 4th Feb 2004:

[House Price Hike Will Hit First Time Buyers]

Thu 29th Jan 2004:

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

Wed 28th Jan 2004:

[Bank Lending Continues To Fuel House Price Bubble - Cable]

Fri 23rd Jan 2004:

[Retail Sales Figures Fuelling Consumer Debt - Cable]

Thu 20th Nov 2003:

[Lending boom: Balifs may reap a bitter harvest]

Thu 24th Apr 2003:

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

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