Liberal Democrats in Business

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Reckless Lending Fuelling House Price Boom - Cable

2.14.00pm BST (GMT +0100) Tue 4th May 2004

Commenting on this morning's lending figures Vince Cable MP, Liberal Democrat Shadow Chancellor, said: "This rise in lending is simply recklessly fuelling the housing boom."

"Large numbers of people are gambling on the house price boom - a gamble they may regret if house prices start to fall or interest rates rise. "It is time for the Government to take action to protect ordinary homeowners against irresponsible lending."

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