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DAILY TELEGRAPH Joke of the year award: give your verdict - Thu, 09 Feb 2012 11:22:01 GMT
Joke of the year award: give your verdict - Thu, 09 Feb 2012 11:30:27 GMT
FINANCIAL TIMES New Greek demands threaten debt deal - Thu, 09 Feb 2012 12:23:40 GMT
New Greek demands threaten debt deal - Thu, 09 Feb 2012 11:57:02 GMT
BBC NEWS BBC News - Business - Thu, 09 Feb 2012 10:25:36 GMT
BBC News - Business - Thu, 09 Feb 2012 12:16:46 GMT
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CML: Mortgage arrears and possessions conference at the The Midland Hotel, Peter Street, Manchester, M60 2DS
Interest rate cuts only half the solution
Commenting on yesterday's 0.5% cut in interest rates, Liberal Democrat Shadow Chancellor, Vince Cable said it was only half the solution.
Commenting, he said: "As the recession deepens and the risk of deflation continues to loom on the horizon, this latest interest rate cut is welcome. However, cutting interest rates can only go so far to help business and individual borrowers. For many borrowers, the problem is not the price of credit but its availability.
"The Government must now set out a clear strategy for kick-starting lending to consumers and sound businesses. Unless the lending market can be quickly unfrozen, ministers will have to investigate whether one of the state-owned banks can be used to increase lending to businesses."
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