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Vince Cable MP

Business Secretary

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  • 20:00 Ed masters discipline The House Magazine

    20:00 | The House Magazine | PoliticsHome The House Magazine Ed masters discipline

      Words: Paul Waugh Photos: Paul Heartfield     Ed Balls is feeling the pressure. In just a few days, he faces yet another big test of his ability, with huge amounts at stake if he fails. But it’s not the Autumn Statement tha... Continue to article

  • = Key Development Thursday 20th November
  • 12:57 Vince Cable: Incompetence is to blame for RBS IT failures On air

    On Air | Vince Cable MP | Business Secretary | Sky News Video Vince Cable MP

    Vince Cable said computer system failures at RBS were a result of bad behaviour and bad management.   “This one is incompetence rather than misconduct. It has been disastrous for numerous households who have had to get compensation. Unfo... Continue to article

  • 09:32 Cable and Davies clash over ethnic diversity in boardrooms House of Commons

    Cable and Davies clash over ethnic diversity in boardrooms House of Commons

    The Conservatives and the Lib Dems have clashed over the issue of ethnic diversity in boardrooms, with the Business Secretary hinting that a Tory opponent to his campaign to improve representation may be against equality altogether. Phil... Continue to article

  • = Key Development Monday 17th November
  • 17:17 In Brief Events

    17:17 | Events | PoliticsHome Events

    Chancellor George Osborne speaks at the Newspaper Conference’s annual lunch in London Health Secretary Jeremy Hunt speaks at the Foundation Trust Network conference in Liverpool (2:00pm) Business Secretary Vince Cable speaks at the As... Continue to article

  • = Key Development Thursday 6th November
  • 10:09 Vince Cable: Public needs reassurance on fuel prices On air

    On Air | Vince Cable MP | Business Secretary | Sky News Video Vince Cable MP

    Vince Cable backed his Lib Dem Cabinet colleague Danny Alexander’s call for petrol and diesel distributors to pass on the falls in oil prices to consumers. “It’s the right thing to do. There is a lot of public cynicism that when world oi... Continue to article

  • 10:09 Vince Cable: Public needs reassurance on fuel prices On air

    On Air | Vince Cable MP | Business Secretary | Sky News Video Vince Cable MP

    Vince Cable backed his Lib Dem Cabinet colleague Danny Alexander’s call for petrol and diesel distributors to pass on the falls in oil prices to consumers. “It’s the right thing to do. There is a lot of public cynicism that when world oi... Continue to article

  • = Key Development Tuesday 4th November
  • 14:24 Vince Cable: Cost implications of holiday pay ruling are exaggerated On air

    On Air | Vince Cable MP | Business Secretary | Sky News Video Vince Cable MP

    Following a ruling by an employment tribunal that voluntary overtime should count towards holiday pay, Vince Cable said the cost implications may have been exaggerated.   “I don’t think anybody should be jumping to conclusions because th... Continue to article

  • = Key Development Thursday 30th October
  • 20:00 2020 Vision The House Magazine

    20:00 | The House Magazine | PoliticsHome The House Magazine 2020 Vision

    Words: Paul Waugh Photos: Paul Heartfield    My eyesight has been improving,” says Danny Alexander. “They say you get more long-sighted as you get older, and I was slightly short-sighted to start with. So maybe that process has del... Continue to article

  • = Key Development Tuesday 28th October
  • 17:33 Vince Cable: We don't want banks to leave communities and individuals isolated On air

    On Air | Vince Cable MP | Business Secretary | PM, BBC Radio 4 Video Vince Cable MP

    Vince Cable stressed the role of physical bank branches in spite of the rise of the internet, and confirmed he would be writing to banks asking them to voluntarily commit to keeping branches open in towns with one remaining bank. "If you... Continue to article

  • = Key Development Monday 27th October
  • 15:13 In Brief Events

    15:13 | Events | PoliticsHome Events

    Prime Minister David Cameron meets with the Emir of Qatar Sheikh Tamim bin Hamad Al Thani Leader of the Opposition Ed Miliband, Education Secretary Nicky Morgan, Business Secretary Vince Cable, Leader of the House of Commons William Hagu... Continue to article

  • = Key Development Wednesday 22nd October
  • 12:13 Transcript: Arms Export Committee: Letter to Vince Cable re tear gas to Hong Kong Transcripts

    Arms Export Committee: Letter to Vince Cable re tear gas to Hong Kong Transcripts

    Committees on Arms Exports Letter to Vince Cable re tear gas to Hong Kong Continue to article

  • = Key Development Monday 20th October
  • 08:40 Vince Cable: EU migrant cap almost definitely illegal On air

    On Air | Vince Cable MP | Business Secretary | Today, BBC Radio 4 Video Vince Cable MP

    Vince Cable said moves to cap the number of Europeans immigrants coming to the UK were "almost definitely" illegal.  "I do agree [with Jose Manuel Barroso], and it’s very much in British interests, and it’s very much in the interest of t... Continue to article

  • = Key Development Thursday 16th October
  • 20:00 The place race The House Magazine

    20:00 | The House Magazine | PoliticsHome The House Magazine The place race

      Words: Paul Waugh Photos: Paul Heartfield      “To Turbo Fizzle…best wishes…Charles”.  Greg Clark is holding a signed photo of a Space Shuttle astronaut and beaming at the personal dedication. But the portrait from Comma... Continue to article

  • = Key Development Wednesday 8th October
  • 15:22 Anoosh Chakelian blog: Did Nick Clegg reveal his preferred successor in his speech? News

    Blog | New Statesman source icon

    Praise for Danny Alexander, but small digs at Tim Farron and Vince Cable. Continue to article

  • = Key Development Tuesday 7th October
  • 22:45 Vince Cable: More tax rises will be necessary to reduce the deficit On air

    On Air | Vince Cable MP | Business Secretary | Newsnight, BBC Two Video Vince Cable MP

    Vince Cable said more tax rises may be necessary in the future given the severity of spending cuts that have been imposed in this parliament.   “It’s not necessarily a popular message, but the scale of the deficit is such, and there is a... Continue to article

  • = Key Development Monday 6th October
  • 19:17 Vince Cable: I don't rule out raising VAT On air

    On Air | Vince Cable MP | Business Secretary | Channel 4 News Video Vince Cable MP

    Vince Cable refused to rule out raising VAT after the election. "We’re not ruling anything out: any new government is going to have to face some very tough decisions on spending and tax and I’ve indicated some of the areas where we might... Continue to article

  • 17:15 Comres/ITV poll: Most British adults (56%) believe that the Liberal Democrats have become irrelevant Press Release

    17:15| Press Release

    A press release from ComRes and ITV:   COMRES / ITV NEWS POLL: MOST BRITONS THINK LIB DEMS HAVE BECOME IRRELEVENT  The latest poll conducted by ComRes for ITV News reveals that most British adults (56%) believe that the Liberal Demo... Continue to article

  • 14:56 Independent: David Cameron's Tories are just like Ukip – but without the beer,says Vince Cable News

    News | The Independent source icon

    Vince Cable today launched the Liberal Democrats’ toughest onslaught yet on the Conservatives’ economic plans, accusing David Cameron and George Osborne of lying to the voters with their promise to wi... Continue to article

  • 14:51 Transcript: Jo Swinson speech to the Liberal Democrat conference Transcripts

    Jo Swinson speech to the Liberal Democrat conference Transcripts

      Jo Swinson speech to Liberal Democrat conference   “The Ayes to the right 291, the Noes to the left 322.”… With those words the Lib Dem benches in the House of Commons erupted as we realised we had just defeated Tony Blair’s g... Continue to article

  • 14:09 Guardian: Vince Cable: Tory pledge to balance budget without raising taxes is a lie News

    News | The Guardian source icon

    At Lib Dem conference, business secretary accuses chancellor of dishonesty and says Tories obsessed by spending cuts Vince Cable has accused George Osborne of lying to the British people by claiming t... Continue to article

  • 13:23 Vince Cable: Lib Dems will return to Parliament in good numbers On air

    On Air | Vince Cable MP | Business Secretary | World at One, BBC Radio 4 Video Vince Cable MP

    Vince Cable said he is “confident” that the Liberal Democrats will be returning to Parliament in “good numbers” but that the task ahead would be “difficult”. “It is difficult. This is the first time in my life time that we’ve been in Gov... Continue to article

  • 13:04 Lib Dems will not go along with £25bn Tory cuts - Cable PoliticsHome News

    Lib Dems will not go along with £25bn Tory cuts - Cable PoliticsHome News

      The Liberal Democrats “will categorically not go along” with Conservative plans for £25bn of spending cuts, the Business Secretary has said. Addressing delegates at the party conference in Glasgow, Vince Cable attacked Tory spending... Continue to article

  • 13:03 BIS: Cable to bolster apprenticeship pay Press Release

    13:03| Press Release

    A press release from the Liberal Democrats: CABLE TO BOLSTER APPRENTICESHIP PAY Business Secretary Vince Cable today outlined proposals to simplify and boost the national minimum wage for apprentices, making apprenticeships an even mo... Continue to article

  • 12:49 Guardian: Vince Cable warns of inequalities caused by housing market crisis News

    News | The Guardian source icon

    Lib Dem business secretary says problem has been fuelled by chancellors Help to Buy and Right to Buy policies Vince Cable has warned of deepening inequality between social classes and the generations ... Continue to article

  • 11:35 Cable blasts Help to Buy, as he warns of housing 'crisis' PoliticsHome News

    Cable blasts Help to Buy, as he warns of housing 'crisis' PoliticsHome News

    The Government’s mortgage guarantee scheme is not helping more people to buy homes, Vince Cable has said. The Business Secretary said there was a “fundamental crisis” in the housing market that could only be addressed by increasing the ... Continue to article

  • = Key Development Friday 3rd October
  • 16:18 Vince Cable: We should be preserving our relationship with the ECHR not abandoning it On air

    On Air | Vince Cable MP | Business Secretary | BBC News Video Vince Cable MP

    Vince Cable expressed his opposition to plans announced by the Justice Secretary today to give MPs powers to veto European Court rulings.   “We have a very good system of justice in this country. It’s non-political and the European Court... Continue to article

  • = Key Development Monday 29th September
  • 10:46 Hancock makes pro-business Tory pitch PoliticsHome News

    Hancock makes pro-business Tory pitch PoliticsHome News

      Matt Hancock has vowed to "stand up for enterprise" and blasted Labour over the party's business credentials. In his speech to the Conservative Party conference, the Business Minister said the Tories would put the economy at the cen... Continue to article

  • = Key Development Monday 22nd September
  • 11:45 Vince Cable: Lib Dem's support principle of English votes for English issues On air

    On Air | Vince Cable MP | Business Secretary | Daily Politics, BBC Two Video Vince Cable MP

    Vince Cable said the Liberal Democrats supported English votes for English laws in principle, but he didn't want to see a new building or new representatives. "We certainly support the principle, there is an anomaly sat the moment, and i... Continue to article

  • = Key Development Friday 19th September
  • 13:47 Vince Cable: Lib Dems can provide technical solutions for moving to a federal UK On air

    On Air | Vince Cable MP | Business Secretary | World at One, BBC Radio 4 Video Vince Cable MP

    Vince Cable said the Lib Dems could provide some of the technical solutions for moving towards a federal UK. "I think it’s a good idea that it has now been set a short period of time to come to a conclusion. Getting the basics right quic... Continue to article

  • = Key Development Thursday 11th September
  • 10:03 Independent Scotland could not support its banks, Cable warns House of Commons

    Independent Scotland could not support its banks, Cable warns House of Commons

    An independent Scotland would not be able to support its banks if they got into trouble, the Business Secretary has warned. After Lloyds and RBS both confirmed they were drawing up contingency plans to move their headquarters to London i... Continue to article

  • = Key Development Wednesday 27th August
  • 13:20 Labour: New export figures revealed Press Release

    13:20| Press Release

      Labour press release By Shabana Mahmood MP, Labour's Shadow Treasury Minister While David Cameron and George Osborne complacently claim the economy is now fixed, the truth is most people are worse off under the Tories. And the fi... Continue to article

  • = Key Development Wednesday 20th August
  • 07:11 News

  • = Key Development Tuesday 12th August
  • 17:00 News

  • = Key Development Thursday 7th August
  • 16:28 News

  • 13:52 News

  • = Key Development Wednesday 30th July
  • 11:45 News

  • 11:12 News

  • = Key Development Sunday 27th July
  • 07:38 News

  • = Key Development Saturday 19th July
  • 09:15 News

  • = Key Development Wednesday 16th July
  • 10:20 News

  • = Key Development Monday 14th July
  • 18:44 News

  • = Key Development Sunday 13th July
  • 12:40 News

  • 10:09 News

  • = Key Development Friday 11th July
  • 11:48 News

  • 07:05 News

  • = Key Development Thursday 10th July
  • 14:35 News

  • = Key Development Wednesday 9th July
  • 14:08 News

  • = Key Development Friday 4th July
  • 16:04 News

  • 16:04 News

  • 16:00 News

Stories involving Vince Cable

Cable bank 'needs £40bn'

New research has found Vince Cable's plan for a Government-backed business bank will need £40bn of taxpayer funding to be successful. A report by the IPPR think tank says that direct Government money for the scheme would be essential, something the Treasury is understood to be against. Tony Dolphin, the IPPR's chief economist, said: "A fully-fledged British investment bank should not be held back by the vagaries of the UK's accounting practices. Its self-financing activities should be excluded from the Government's target fiscal measures and it should be free to raise funds on capital markets."


Cable outlines industrial plans

Vince Cable has indicated improving access to finance for businesses will be a key part of the Government’s new industrial strategy which he will set out in more detail tomorrow.

Speaking in the House of Commons after Labour was granted an Urgent Question, the Business Secretary confirmed the Government was “actively looking” at the possibility of setting up a business bank to improve access to finance.

Other key areas he highlighted were dealing with problems sector-by-sector, improving technology, better skills for workers, and changing public sector procurement.

Dr Cable’s Labour counterpart Chuka Umunna was given the opportunity to scrutinise the plans ahead of the Business Secretary's announcement tomorrow.

Earlier today, the Business Department unveiled plans to exempt thousands of small businesses from health and safety regulations. At least 3,000 regulations, which some businesses have complained are holding them back, are to be removed.

Dr Cable promised the Government would now be "holding departments' feet to the fire to ensure all unnecessary red tape is cut".


Cable calls for 'plan A +'

Vince Cable has said the Government should ensure the benefits of an "aggressive" monetary policy can be felt in all parts of the economy – a policy which he describes as “plan A+”.

But Downing Street today has played down the idea the idea it is changing its strategy. A spokesperson said: "We have one plan and it is a credible plan."

In a speech to the Centre Forum think tank, the Business Secretary said there was scope for using Government guarantees more ambitiously, while still maintaining fiscal discipline and sticking to the Government's deficit reduction commitments.

He argued the guarantee model could be expanded and scaled up to fund infrastructure - in particular social housing.


Cable to adjudicate on BAE-EADS merger

Vince Cable is to be given 'quasi-judicial' powers over the proposed merger of defence firms BAE and EADS should the deal go ahead. Dr Cable will be given sole Government power over a move that is becoming increasingly politicised as concerns escalate over the possible national security implications. The Times reports that the merger would trigger an assessment under the Enterprise Act 2002, which requires the Business Secretary to approve mergers involving national security.


Major whip slams Osbo

A former Tory chief whip has lashed out at George Osborne and David Cameron, saying they are "tacticians" without a strategic vision for the Government.

Lord Ryder, who served as chief whip in John Major's government, accused the Prime Minister and the Chancellor of being "obsessed" with 24 hour news at the expense of the bigger picture.

Responding to claims that Mr Osborne spends too much time focused on political strategy, he said: "He's not a strategist at all, he's a tactician. Both he and Mr Cameron are tacticians and this government lacks a strategist...

"He and Mr Cameron seem to be obsessed with the management of 24 hour news, they're news editors, if you like, news managers, not strategists."

There was better news for Mr Osborne earlier when the head of the OECD gave his backing to the Coalition's austerity measures.

Yesterday's announcement that the UK economy had contracted by 0.7% in Q2 put the pressure on Mr Osborne and led the former Lib Dem Treasury spokesman Lord Oakeshott to joke that he was "doing surprisingly well for a Chancellor on work experience".

But OECD General Secretary José Ángel Gurría defended the Chancellor, saying he should stay the course and was "sowing the seeds of what will be the elements for recovery" and "you have to have credible public finances before you start moving on the growth".

Lord Oakeshott called for Business Secretary Vince Cable to be considered for the role. Mr Cable told the media that while he would "probably" be a good fit for the position, the Chancellor was doing a good job:

"I’m not pushing for the job. We’re part of a team; we have a collectively agreed policy, and I’m delivering on my bit of it, which centres particularly on the area of industrial strategy, and I’m not proposing a radically different approach. I would be building on what George Osborne has already achieved."


News Corp 'threats' to Lib Dems

Vince Cable has said the Liberal Democrats faced “veiled threats” from News International if the BSkyB takeover was not given the green light.

Giving evidence to the Leveson Inquiry, the Business Secretary said he believed the threats about Liberal Democrats' depictions in News International newspapers had come after a conversation with News Corporation lobbyist Frederic Michel.

He also hit out at Mr Michel's “systematic attempt to politicise the process” of adjudicating on the takeover. He confirmed he had been told about this by Liberal Democrat colleagues who had spoken with Mr Michel.

“I’m trying to explain the context in which I made my own comments [to undercover Telegraph journalists]… and what it was that had made me seriously disturbed.”

Dr Cable explained he was in an “emotional frame of mind” when he told two undercover Daily Telegraph reporters he was “waging war” on the Murdoch empire.

“There was a near riot taking place outside my constituency office… in order to prevent the disorder getting out of control, I invited in some of the protestors into my office. We had a very long conversation… I was struggling to keep my temper in this situation…

“I was in an extremely tense and emotional frame of mind. And the two women who I thought were constituents… I did offload onto them a lot of pent-up feeling, to just about the BSkyB case that I was dealing with but my colleagues in Government… in language I wouldn’t usually use.”

Also appearing at Leveson today was Justice Secretary Ken Clarke, who said that the media had "far greater" power than Parliament does.

Mr Clarke urged the inquiry not to curtail free speech, but argued the power of the media “has grown, is excessive, and ought to be diminished”.


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