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Lib Dems must pull out of the Coalition after May 22 elections, says Vince Cable pal @oakeshottm. "We've done our duty for the country".
(Reuters) - Business Secretary Vince Cable on Tuesday warned banks and other major companies to rein in excessive executive pay or face tighter rules, in a letter aimed at Barclays and other FTSE 100 ... Continue to article
CBI press release The CBI today commented on news rules to deal with company directors who flout responsibilities, announced by the Business Secretary, Dr Vince Cable. Matthew Fell, CBI Director for Competitive Markets, said: “Th... Continue to article
COMMONS CHAMBER 2.30pm: Communities and local government questions (topicals at 3.15pm) Main business General debate on the UK’s 2014 justice and home affairs opt-out decision Draft Domestic Renewable Heat Incentive Scheme Regula... Continue to article
Home ownership is becoming "unaffordable" for middle income families, Business Secretary Vince Cable has warned, amid fears rising prices are stoking a new property market bubble. Continue to article
Prime minister David Cameron meets with Italian prime minister Matteo Renzi in London Children and families minister Edward Timpson (09.45) and shadow education secretary Tristram Hunt (11.40) speak at a NSPCC conference in London on chi... Continue to article
Downing Street stood firmly behind Vince Cable and Michael Fallon on the privatisation of the Royal Mail. The Prime Minister's Official Spokesman said: "He [David Cameron] completely agrees with the points that Michael Fallon and Vince C... Continue to article
The Government took the right approach to the privatisation of the Royal Mail, despite criticism from the National Audit Office that it sold shares too cheaply, the Business Secretary has said. Vince Cable told MPs that the Government wa... Continue to article
Ed Balls said David Cameron and George Osborne needed to take responsibility for the sell-off of Royal Mail, after a National Audit Office report found it had been undervalued. “What actually happened, partly because of Peter Mandelson’s... Continue to article
Vince Cable shd quit says @BillyHayes_CWU over "botched, panic" sale of #royalmail
Chuka Umunna denied that the Government's sale of Royal Mail had been a success. “Far from it. What we have seen in this NAO [National Audit Office] report today is a damning indictment of this botched Royal Mail privatisation which disg... Continue to article
Chancellor George Osborne makes a speech on the government's tax cuts Business secretary Vince Cable (09.30), financial secretary to the Treasury Sajid Javid (09.10) and Cabinet Office minister Francis Maude (16.10) address the Internati... Continue to article
Vince Cable dismissed a snap poll showing a majority of voters backing Nigel Farage over Nick Clegg after last night’s debate, arguing the Liberal Democrat leader’s arguments would win over those who are not already “highly charged” about E... Continue to article
Nick Clegg and Vince Cable have put in place an unsustainable student financing system - a time-bomb already exploding under this Government
Vince Cable said the Government needed to ensure the “strong recovery” currently being enjoyed by the UK was permanent. “There’s a lot of evidence now of a very strong recovery in the economy and the challenge to the Government is to mak... Continue to article
Vince Cable described Tony Benn, the veteran Labour politician who died this morning, as a “great campaigner”. “It’s very sad. He was a really great campaigner and a great parliamentarian and I was privileged to hear him in full flow in ... Continue to article
Vince Cable said bank executives were more careful than before with awarding bonuses to their employees. "I don't think [bankers] are so special; I saw a report yesterday about bonuses in the UK and actually bonus payments operate in man... Continue to article
Downing Street has defended David Cameron's decision to employ a foreign-born nanny, after the Prime Minister was accused of "hypocrisy" over the Government's immigration policy. Mr Cameron is facing questions over his role in obtaining ... Continue to article
Liberal Democrats press release Vince Cable will say: What attracted [my mother] to the Liberals was its leader, Jo Grimond, who was promoting British membership of Europe in opposition to people like my dad who thought the futur... Continue to article
British Chambers of Commerce press release Commenting on James Brokenshire’s speech on immigration this morning, and ahead of Vince Cable’s Mansion House speech tonight, Dr Adam Marshall, Executive Director of Policy at the British Chamb... Continue to article
The Business Secretary has denied that lower than expected repayments of student loans will create a "black hole" in his department's finances. Shadow Business Secretary Chuka Umunna had raised comments by the National Audit Office highl... Continue to article
David Hanson said the Government should publish its report into the effect of immigration today. "I think the report is ready. We were putting questions down in November of last year, and Vince Cable, I think, himself, wants this re... Continue to article
My Liberal Democrat Cabinet colleague Vince Cable said this rise was ‘good news’. I do not agree. We still have work to do to restore control to our immigration system and fix problems left by Labour. Continue to article
Prime minister David Cameron delivers a speech in Coventry on skills and the economy Deputy prime minister Nick Clegg speaks at the Royal United Services Institute in London on security and privacy in the internet age (08.15) Labour ... Continue to article
Prime minister David Cameron chairs a National Security Council meeting on Ukraine (15.00) Deputy prime minister Nick Clegg meets the EU digital agenda commissioner Neelie Kroes Business secretary Vince Cable speaks at the National Un... Continue to article
Business Secretary Vince Cable says the low pay commission has recommended an increase in the minimum wage to £6.50 from October Continue to article
The first meeting of the Cabinet Committee on Flooding was chaired today by the Prime Minister David Cameron. The new Committee was set up by the Prime Minister earlier this week to coordinate strategic long-term plans on flood recovery a... Continue to article
RBS will "almost inevitably become a London bank" if Scotland becomes an independent country, Vince Cable claimed today. The Business Secretary said the state-backed bank's management would want to remain headquartered in London bec... Continue to article
COMMONS CHAMBER 11.30am: Scottish questions 12 noon: Prime minister questions 12.30pm: Criminal Justice and Courts Bill: First reading Ten minute rule motion: Investment Management (Fiduciary Duties) Bill (Phil Wilson, Lab, Sedge... Continue to article
Vince Cable said the Government needed to tackle the myths surrounding the immigration debate, after Conservative ministers abstained on a backbench amendment to toughen up deportation laws for foreign criminals. “In Parliament today, th... Continue to article
Ed Balls said George Osborne was not making the long-term reforms the economy needed to have a sustainable recovery. "It’s good to have some growth back finally. We’ve had three years of flatlining where the economy didn’t grow and final... Continue to article
Whenever the coalition appears to be enjoying a run of good economic news, (inflation down to 2 per cent, unemployment down to 7.1 per cent, reduced government borrowing), Vince Cable can be relied up... Continue to article
Vince Cable said RBS executives were "sending the right signal" by not taking bonuses. "What I do take some satisfaction from is the fact that there is new management in RBS. They are looking to return to traditional values, lend to busi... 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”.
17/04/2014 on Pooled clip
01/04/2014 on Sky News
01/04/2014 on BBC News
27/03/2014 on Sky News
Summaries and transcripts from TV and radio
24/04/2014 on Channel 4 News
24/04/2014 on Channel 4 News
24/04/2014 on BBC News
5 hours ago