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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
Vince Cable defended proposals to send copyright infringement warnings to people who persistently download music and films illegally, in spite of the fact they will not be subject to follow-up action. "We have a special unit in the City ... Continue to article
Vince Cable welcomed today’s positive employment statistics but accepted that more needed to be done to address inflationary pressure on wages. “They are very positive. Unemployment is now one of the best in the developed world, that’s... Continue to article
Business Secretary Vince Cable said there should be "financial penalties" for foreign companies who "break public obligations" that they have entered into when they takeover British firms. “For the most part, we’re going to welcome inwa... Continue to article
Three months after AstraZeneca, Cable appears to be coming round to Labour's view on foreign takeovers - Umunna Responding to Vince Cable’s comments on today's Andrew Marr Show on the foreign takeovers regime, Shadow Business Secretary Chu... Continue to article
Vince Cable outlined plans to ensure that promises from foreign firms when taking over British businesses were binding. “We’re probably going to get other big takeovers coming down the track and I think there were two big lessons from th... Continue to article
Billy Hayes called for the Business Secretary, Vince Cable, to be sacked following suggestions by MPs that the sale of Royal Mail did not achieve value for money for taxpayers. “I think the issue here is foresight. Vince Cable certainly ... Continue to article
Vince Cable defended the Government's handling of the Royal Mail sale. "Our core objective was to put the Royal Mail in a position where it can continue to deliver the universal service. That'a six-day-a-week delivery system, the same pr... Continue to article
Vince Cable expressed concern over plans to increase the threshold for participation in ballots over strike action. “What I think is regrettable is the way that the Conservative side of the Coalition is using this action, despite the fac... Continue to article
Vince Cable, Shareholder Executive and investment banks all criticised in the MPs' report, which will be published on Friday, I've learnt.
COMMONS CHAMBER 11.30am: Deputy prime minister questions (topicals at 11.50am) 12.10pm: Attorney general questions Main business Modern Slavery Bill: Second reading Supply and Appropriation (Main Estimates) Bill: Second and th... Continue to article
LORDS CHAMBER 2.30pm: Oral questions, to ask the government: - Whether they have plans to strengthen the enforcement of Drivers’ Hours and Construction and Use Regulations with respect to heavy goods vehicles (Lord Berkeley, Lab) - ... Continue to article
Prime minister David Cameron and deputy prime minister Nick Clegg unveil new emergency police powers to protecting their right to access phone and email data Deputy prime minister Nick Clegg (12.30), work and pensions secretary Iain Dunc... Continue to article
Downing Street has dismissed Vince Cable’s suggestion that the Tory net migration target has been “damaging” for the UK. A new study by the Migration Observatory at the University of Oxford suggested that curbs on skilled migrants had s... Continue to article
Institute of Directors press release The Institute of Directors has staunchly defended the role of zero hour contracts in a flexible labour market, but has equally been adamant that the flexibility must work for both staff and business, ... Continue to article
Vince Cable explained the Government’s decision to ban “offensive” exclusivity clauses in zero-hours contracts. “The evidence we gathered and the massive consultation we undertook – we got 36,000 replies – suggested that, of all the prac... 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 Daily Politics, BBC Two
19/09/2014 on World at One, BBC Radio 4
20/08/2014 on Good Morning Britain, ITV
07/08/2014 on World at One, BBC Radio 4
30/07/2014 on BBC News
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