Liberal Democrats in Business

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Chancellor Failing Economy

12.56.23pm BST (GMT +0100) Thu 8th Jul 2004

Commenting on the decision by the Bank of England to keep interest rates unchanged, Vince Cable MP, Liberal Democrat Shadow Chancellor, said: "People want to know that their homes are secure in uncertain times.

"The Bank is caught between dealing with the weaknesses in the economy, and curbing the consumer boom.

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

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