Liberal Democrats in Business

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

Liberal Democrats Welcome Funding for Debt Advice - Cable

6.10.00am BST (GMT +0100) Fri 24th Jun 2005

Responding to the announcement of £45m to be made available for debt advice Vince Cable, Liberal Democrat Shadow Chancellor said: "The Liberal Democrats have been calling for a huge extension in free debt advice for several years now.

"It would now be welcome to see a matching contribution made from the private sector, especially banks, building societies and insurance companies.

"Part of the blame for the rise in personal debt must fall on the financial services sector that is responsible for aggressive marketing and irresponsible lending.

"The next step for the Government is to tackle the problem at source, by preventing a future rise in excessive indebtedness by clamping down on unsolicited mailing, reckless lending and misleading advertising."

[Print this news story]
[Previous news story]: Prime Minister Requires All His Political Skills to Solve EU Budget Problems- Campbell (Thu 23rd Jun 2005).
[Next news story]: Inquiry needed into customs and excise performance on prosecutions - Lamb (Fri 24th Jun 2005).

Related News Stories:

Mon 2nd Apr 2007:

[Government's debt position not flattering - Cable]

Mon 15th Jan 2007:

[Financial advice must be available now to halt spiralling debt - Cable]

Wed 25th Oct 2006:

[Personal Debt Crisis Deepens - Cable]

Wed 20th Sep 2006:

[Government Should be Honest About PFI Debt - Cable]

Wed 6th Sep 2006:

[Better Financial Advice Needed for Consumers - Cable]

Thu 3rd Aug 2006:

[RATE RISE WILL HIT THOSE IN DEBT - CABLE]

Sun 23rd Jul 2006:

[YOUNG PEOPLE'S DEBT SPIRALLING OUT OF CONTROL - CABLE]

Fri 14th Jul 2006:

[Urgent need to help young with debt - Cable]

Wed 16th Feb 2005:

[Liberal Democrats Launch Debt Action Plan]

Thu 19th Feb 2004:

[Bank Profits Are At The Expense Of Consumer Debt - Cable]

Thu 18th Sep 2003:

[DEBT: Students mortgaging their futures, says Cable]

Related Speeches:

Fri 7th Mar 2003:

[Retirement Income Reform Bill (Second reading): Cable on access to financial advice]

Printed and hosted by Prater Raines Ltd, 82b Sandgate High Street, Folkestone CT20 3BX.
Published and promoted by Liberal Democrats in Business, 4 Cowley Street, London SW1P 3NB.
The views expressed are those of the party, not of the service provider.