Liberal Democrats in Business

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

Bank Lending Continues To Fuel House Price Bubble - Cable

6.29.24pm GMT Wed 28th Jan 2004

Commenting on this morning's British Banker's Association figures showing mortgage lending up 26% on the year in December, Vince Cable MP, Liberal Democrat Shadow Chancellor, said: "Bank lending is fuelling an unsustainable house price bubble."

"If the housing market crashes it will be home owners who are left to pick up the pieces."

"It is time for the Government to take action to protect ordinary homeowners against irresponsible lending."

[Print this story]
[Previous story]: Fraud Office Investigation Will Give New Hope To Equitable Life Losers - Cable (Fri 23rd Jan 2004).
[Next story]: Homeowners Need Protection Against House-Price Boom and Bust - Cable (Thu 29th Jan 2004).
[Other news stories from January 2004 (15)]

Related News Stories:

Tue 1st Nov 2005:

[Increase In Repossessions Show Housing Bubble Is Close To Bursting - Cable]

Fri 9th Sep 2005:

[OFT Must Act on Bank Charges - Cable]

Wed 8th Sep 2004:

[Fuel Poverty Beckons In Light Of Price Rises]

Thu 17th Jun 2004:

[Brown Still Failing To Tackle Precarious House Price Bubble]

Mon 14th Jun 2004:

[ODPM House Prices: Brown Must Tackle Reckless Lending - Cable]

Wed 12th May 2004:

[Brown Must Act On House Price Boom]

Tue 4th May 2004:

[Reckless Lending Fuelling House Price Boom - Cable]

Thu 29th Apr 2004:

[Homeowners Must Be Protected From Irresponsible Lending - Cable]

Mon 19th Apr 2004:

[Irresponsible Lending Fuelling House Price Bubble Says Cable]

Mon 1st Mar 2004:

[Soaring Lending Fuelling Unsustainable Housing Bubble - Cable]

Thu 26th Feb 2004:

[HOUSE PRICE HIGH CALLS FOR CAUTIOUS MEASURES - CABLE]

Thu 19th Feb 2004:

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

Wed 4th Feb 2004:

[House Price Hike Will Hit First Time Buyers]

Thu 29th Jan 2004:

[Homeowners Need Protection Against House-Price Boom and Bust - Cable]

Tue 13th Jan 2004:

[Manufacturing Output Falling: Bank Of England Cannot Solve Problem Alone - Cable]

Wed 22nd Oct 2003:

[MPC Minutes Show Bank Of England Trapped Between A Rock And A Hard Place - CABLE]

Thu 29th May 2003:

[Housing Market Bubble In Danger Of Bursting For Third Time In A Generation - Cable]

Tue 4th Mar 2003:

[Britain Needs To Earn A Living Before House Bubble Bursts]

Printed and hosted by Prater Raines Partners, 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.