UK Politics

Liberal Democratic Party: Inflation rise shows we are still in uncertain times says Cable

Press Release   •   Feb 17, 2010 09:18 GMT

"There is a danger that inflation will stay high while growth remains low," said the Liberal Democrat Shadow Chancellor.

Commenting on inflation rising to 3.5% in January, Vince Cable said:

“This figure is a stark reminder that despite the small growth in the economy at the end of last year we are still living in very uncertain times.

“The Bank of England’s explanation of this as a temporary blip is welcome but there is a danger that inflation will stay high while growth remains low.”