Liberal Democrats in Business

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

Gold reserves timing spectacularly wrong - Cable

12.00.00am BST (GMT +0100) Mon 16th Apr 2007

Commenting on revelations that Gordon Brown disregarded advice from the Bank of England before selling off gold reserves, Liberal Democrat Shadow Chancellor Vince Cable MP said: "The principle of diversifying British reserves out of gold was entirely sensible but the government seems to have got the timing spectacularly wrong.

"What we need is a proper analysis of the overall balance of gain and loss from the reserve diversification"

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