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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
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
Praise for Danny Alexander, but small digs at Tim Farron and Vince Cable. Continue to article
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
An independent Scotland would not be able to support large banks, Vince Cable warns. Continue to article
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
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
Vince Cable set out the rationale for a new apprenticeship scheme. "It’s a question now of getting the sixteen to eighteen year olds interested. Because of course we’ve still got a lot of youth unemployment. A lot of them are kind o... Continue to article
Government announces findings of review of licensed exports to Israel The Government has today announced the findings of a review of licensed exports to Israel. It has found that the vast majority of exports currently licensed for Israel... Continue to article
Mr S doesn’t imagine that Israel is among Bradford’s major trading partners. But George Galloway has put the matter beyond doubt in this outburst. Continue to article
Alistair Burt said Nick Clegg’s call for the revocation of arms export licences to Israel was an attempt to distance his party from the sale of arms in the region. “I think to be blunt they are trying to pretend that Liberal Democrats do... Continue to article
It’s great to be back here in Bedford supporting your campaign. Because it’s vital that we win here in this marginal constituency – and in seats across this region from Stevenage to Ipswich, Watford to Waveney – if we are to get the Tori... Continue to article
Vince Cable said driverless cars have “very large potential” as he unveiled Government plans to let the vehicles on British roads from January 2015. “We’re starting gradually with experimental work. We’re having a competition between Bri... Continue to article
Vince Cable has risked clashing with his coalition colleagues over reports that Britain's economy has returned to pre-recession levels. Continue to article
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."
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".
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.
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.
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."
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”.
Today on Today, BBC Radio 4
07/10/2014 on Newsnight, BBC Two
06/10/2014 on Channel 4 News
06/10/2014 on World at One, BBC Radio 4
03/10/2014 on BBC News
Summaries and transcripts from TV and radio
52 minutes ago on Newsnight, BBC Two
Today on World at One, BBC Radio 4
Today on World at One, BBC Radio 4
3 hours ago