|
UK Economy Sustained By Consumer Debt
10.42.00am BST (GMT +0100) Fri 23rd Apr 2004
Commenting on today's GDP figures Vince Cable MP, Liberal Democrat Shadow Chancellor, said: "The economy is being sustained by consumer spending built on record personal debt, precariously secured against unsustainably high house prices."
"Britain's twin problems of runaway consumer spending and weak manufacturing cannot be resolved by the Bank of England alone. It's time that the Chancellor took steps to bring the economy back into balance."
[Print this story]
[Previous story]: Credit Card Charges Still Not Transparent Enough (Thu 22nd Apr 2004).
[Next story]: Growing Remortgage Market: Lenders Must Act Responsibly (Fri 23rd Apr 2004).
[Other news stories from April 2004 (28)]
Related News Stories:
Thu 19th Feb 2004:
[Bank Profits Are At The Expense Of Consumer Debt - Cable]
Fri 23rd Jan 2004:
[Retail Sales Figures Fuelling Consumer Debt - Cable]
Wed 19th Nov 2003:
[Consumer Debt: OFT should act not patronise]
Wed 9th Jul 2003:
[CONSUMER CREDIT: GOVERNMENT LETHARGY COSTING CONSUMER DEARLY]
Printed and hosted by Prater Raines Partners, 16 Riviera Court, Sandgate High Street, Folkestone CT20 3RP.
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.
|