Liberal Democrats in Business

News and views from the Lib Dem Trade and Industry Team, Vince Cable and Brian Cotter

Brown Must Act On House Price Boom

5.22.45pm BST (GMT +0100) Wed 12th May 2004

Commenting on today's Bank of England Inflation Report Dr Vince Cable MP, Liberal Democrat Shadow Chancellor, said: "Yet again today the Bank has said it is caught between dealing with weaknesses in the economy, and curbing the consumer boom. The house price boom is now the most significant source of uncertainty that the Bank of England has to deal with. "Gordon Brown must urgently address the failures that have allowed banks to lend irresponsibly and fuel unsustainable levels of debt."

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[Other news stories from May 2004 (20)]

Related News Stories:

Tue 20th Jul 2004:

[Brown Must Act On Lending]

Thu 17th Jun 2004:

[Brown Still Failing To Tackle Precarious House Price Bubble]

Tue 1st Jun 2004:

[Government Should Act To Calm Oil Price Fears]

Tue 4th May 2004:

[Reckless Lending Fuelling House Price Boom - Cable]

Mon 19th Apr 2004:

[Irresponsible Lending Fuelling House Price Bubble Says Cable]

Thu 26th Feb 2004:

[HOUSE PRICE HIGH CALLS FOR CAUTIOUS MEASURES - 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]

Wed 28th Jan 2004:

[Bank Lending Continues To Fuel House Price Bubble - Cable]

Thu 7th Aug 2003:

[Brown Must Act Before Consumer Bubble Bursts]

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