Vince Cable

The minutes of the Bank of England's latest Monetary Policy Committee (MPC) were released today. In the monthly at the Bank the committee members discuss the latest economic data and set the interest rate.

Following the publication of the minutes Liberal Democrat Shadow Chancellor, Vince Cable commented:

"It is clear that several members of the MPC still believe the greatest danger the country faces is a prolonged recession and deflation.

"These minutes further underline the massive uncertainty the economy faces.

"Meanwhile the Government continues to bank on a swift recovery to help rebuild the public finances, an outcome that is extremely uncertain."