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PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers
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Cable resignation rumours denied
Lib Dem peer Baroness Tonge has said that Vince Cable should quit the Governmnet over David Cameron's use of the EU veto. Speaking on BBC Radio 5live, the former MP said Nick Clegg's leadership is in jeopardy if he approved veto.
Earlier today a spokesman for Vince Cable has denied rumours that he is planning to resign over the outcome of the Brussels summit. They told PoliticsHome that the claims were "categorically untrue - Vince has not intention of resigning". The Observer reported this morning that Dr Cable was "furious when he learned what had happened" at the Brussels summit. The paper claims Dr Cable "will speak out aggressively against Cameron's veto; his decision is whether to resign to do so or say so in office, courting his sacking".
Earlier today a spokesman for Vince Cable has denied rumours that he is planning to resign over the outcome of the Brussels summit. They told PoliticsHome that the claims were "categorically untrue - Vince has not intention of resigning". The Observer reported this morning that Dr Cable was "furious when he learned what had happened" at the Brussels summit. The paper claims Dr Cable "will speak out aggressively against Cameron's veto; his decision is whether to resign to do so or say so in office, courting his sacking".
Green Box: Cable resignation rumours deniedClick to open
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John Bracewell
Cameron followed Coalition policy agreed by Clegg and the rest of the Cabinet, Cable excepted by the sound of it. But then Cable does not like abiding by Cabinet decisions, he has spoken out before contradicting Cabinet views. It is typical of the LibDems, they agree to something and then when it is carried out, change their mind and decry it. It is a good job they have no principles otherwise they would have to end the Coalition agreement and then either the Conservatives would govern as a minority or call a General Election. Neither of those outcomes seem to suit the LibDems so the veto of the Eurozone fiscal agreement cannot have been that serious. Anything agreed by the Eurozone 23 or 26 cannot affect the UK unless it is brought before the EU 27 when there will be the chance for more UK vetoes if we do not agree with the proposals, so how has the UK become isolated in Europe. The UK is thankfully outside the Euro, so what the Eurozone 23 or 26 do will not affect the UK except in the knock-on effects of its stagnation or collapse which has not changed from before the latest agreement was struck. I can see little difference except that we have not been dragged into an agreement that would have meant our budgets and fiscal arrangements would be overseen and altered by the Eurozone countries and a Tobin tax affecting the UK cannot be introduced without it goes through the EU decision making procedures. For years, the EU has affected the UK adversely and those opposed to it have had to bear it, at the first sign of something being in the UK's interest and not in the EU's interest the EUphiles are crying about it. Hopefully, like the EUphobes have had to grin and bear it, perhaps for a little while, the EUphiles can have some of the same medicine. As for the Eurozone agreement by the 23 or 26 countries, it does not address the fundamental problems of the Euro, mainly that there is still no authority, like the ECB, which will underwrite the debts of all the constituent Eurozone countries and some of the new rules like the cap of debt being no more than 3.5% of GDP is laughable for Greece, Italy, Spain etc.. This so-called solution is nothing of the sort.