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The Voice

CommentIsLinked@LDV: Vince Cable – Let’s make a virtue out of thrift again

By The Voice | Sun 22nd February 2009 - 12:47 pm

Over at the Mail on Sunday, Lib Dem deputy leader Vince Cable ponders the question he is asked every day: why are profligate borrowers being rewarded by lower interest rates while thrifty savers suffer? Here’s an excerpt:

Interest rate cuts were unavoidable, though they have reached their limit and other policies are now more important – especially getting credit flowing to sound companies. Of course, it is necessary for the economy that people should spend, sensibly, since this also creates production and employment for others. There is a danger that fear is leading many people, and companies, to hoard excessive cash

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