|
|
Richmond upon Thames Liberal Democrats:Covering the constituencies of Twickenham and Richmond Park |
Vince Cable looks to a thrifty future
January 5, 2009 10:18 AM
• " . . The two big things to come out of this crisis will be a return to old-fashioned values of thrift and it will hopefully make people less materialistic and selfish."
[Dec 29] PATSY Duffy writes in the Hounslow Chronicle: 'There's probably only one major politician who has come out of the economic downturn with their reputation intact and enhanced - Dr Vincent Cable. The MP for Twickenham says he has been concerned about the level of debt and inflated house prices for the best part of five years and knew it couldn't be sustained before the bubble eventually burst.
In a wide-ranging interview with the Informer he said: "I raised it with Gordon Brown in Parliament five years ago. He swatted me away, saying I was doom-mongering, but I was right and we are now paying that price. "The inflated boom in property is now leaving people in negative equity. I'm getting a steady flow of worrying cases where quite a few who have suffered a loss of income are now threatened with repossessions . . '
Related Links
What would you like to do next?
-
Subscribe for updates
Follow the party's activity on...
- Twitter:
- Liberal Democrats
- Facebook:
- Liberal Democrats
- YouTube:
- Liberal Democrats