Lib Dem Cable comments on December's fall in manufacturing output

09 February 2004
Vince Cable, the Liberal Democrat Shadow Chancellor, has commented on the fall in manufacturing output in December by claiming that: 'The economy continues to be fundamentally imbalanced with house prices booming and manufacturing stagnant.'

He continued: 'December's fall in manufacturing output threatens that economic recovery will be based on consumer borrowing alone. Britain's twin problems of runaway consumer spending and weak manufacturing cannot be resolved by the Bank of England alone.'