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Interest Rates: Britain Can't Borrow Its Way Out Of Trouble Forever - Liberal Democrats
4.00.00pm BST (GMT +0100) Thu 9th Oct 2003
Commenting on the Bank of England's decision to leave interest rates unchanged, Matthew Taylor MP, Liberal Democrat Shadow Chancellor, said: "The Bank is torn between tackling runaway consumer debt on one hand and sluggish business investment on the other."
"Interest rates alone cannot rebalance the economy. The Government must start slashing through Gordon Brown's red tape and tax complications that hold business back."
"Britain can't borrow its way out of trouble forever."
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[Previous story]: But What Would The Tories Do, Mr. Howard? (Thu 9th Oct 2003).
[Next story]: Fat Cat Mentality Persists, Shareholders Must Get Off Their Backsides (Fri 10th Oct 2003).
[Other news stories from October 2003 (43)]
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Thu 4th Dec 2003:
[Interest Rates: New Inflation Measure Will Force Rethink of Unsustainable Debt]
Thu 4th Sep 2003:
[Interest Rates: Britain Can't Borrow its Way Out of Trouble Forever]
Thu 8th May 2003:
[Business leaders are disappointed by the Bank of England's decision to hold interest rates at 3.75 per cent.]
Thu 6th Mar 2003:
[Interest Rates: Budget Will Be Make Or Break For Brown]
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