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ADDITIONAL RATE RISES WILL SQUEEZE HOUSEHOLD BUDGETS FURTHER - CABLE
1.50.53pm BST (GMT +0100) Wed 9th Aug 2006
Commenting on the Bank of England's quarterly report, which predicts further interest rate rises, Liberal Democrat Shadow Chancellor, Vince Cable MP said: "Today's report provides heavy hints that interest rates are set to rise in the future.
"This will have serious consequences for household budgets, which are already being stretched by rising fuel prices and council tax bills."
Responding to, Governor of the Bank of England, Meryvn King's comments on first time buyers, Dr Cable said:
"These comments further underline the folly of not including house prices in the official measure of inflation."
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[Other news stories from August 2006 (6)]
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Thu 3rd Aug 2006:
[RATE RISE WILL HIT THOSE IN DEBT - CABLE]
Thu 5th Feb 2004:
[Interest Rate Rise Will Cost First Time Buyers £250 A Month - Cable]
Tue 20th May 2003:
[INFLATION FIGURES: COUNCIL TAX RISES MAKES INTEREST RATE CUT MORE DIFFICULT]
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