Liberal Democrats in Business

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

Brown Must Act On House Price Boom

5.22.45pm BST (GMT +0100) Wed 12th May 2004

Commenting on today's Bank of England Inflation Report Dr Vince Cable MP, Liberal Democrat Shadow Chancellor, said: "Yet again today the Bank has said it is caught between dealing with weaknesses in the economy, and curbing the consumer boom. The house price boom is now the most significant source of uncertainty that the Bank of England has to deal with. "Gordon Brown must urgently address the failures that have allowed banks to lend irresponsibly and fuel unsustainable levels of debt."

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