Tag Archives: vince cable

LibLink: Martin Horwood – Lib Dems clamping down on the arms trade

martin horwoodOver at the Lib Dems’ website, Cheltenham MP Martin Horwood has welcomed today’s announcement that Vince Cable has put out a call for evidence on a new register of arms brokers, introducing tougher regulations on the arms trade. Here’s an excerpt:

Arms brokers act as intermediaries in many arms deals by bringing together potential buyers and sellers in return for a cut of the transaction. Currently UK companies require a license before they can export military goods, but brokers are somewhat of an unknown entity. Under the proposals all brokers will

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Vince Cable in his own words on the sale of Royal Mail

Vincent CableThe publication of a report today by the National Audit Office criticising the “deep caution” of Vince Cable’s department in setting the sale price of shares in Royal Mail has, inevitably, been leapt on by opponents of the policy. Critics who would, of course, have been equally happy crowing if the Department of Business, Innovation and Skills had set the price too high causing the flotation flop.

Vince Cable went to the despatch box of the Commons today to defend his department’s actions, making headlines for unambiguously stating, “The last thing …

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LibLink: Vince Cable: Smell the coffee, Boris. The Mansion Tax has slipped in already

Mansion Only - Some rights reserved by Gerg1967This story appears under the byline of a “Daily Mail Reporter” which is a bit odd, because I don’t think they’ve let any of them into the Cabinet yet, and certainly not any who oppose the Tories. The reference to “my Cabinet colleagues’ kind of gives the game away that it’s our Vince who has taken on Boris over the Mansion Tax. Now, there’s another debate I’d like to see alongside Nick vs Nigel. Vince vs Boris. One day, maybe..

Anyway,  Vince started by pointing out that action was taken in the Budget to tax corporate property buying:

One less publicised move was a crackdown on people using high-value property to make easy capital gains from property inflation and then dodge tax, hiding behind a corporate façade.

At a time when families are desperate for housing, thousands of luxury flats sit empty in tower blocks along the Thames. The Government is stopping this abuse by charging a penal rate of stamp duty and a charge on the property value – a mansion tax.

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Independent: “Lib Dems fall out over who should take on George Osborne in election debate”

Cable alexander clegg some rights reserved by liberal democratsStephen Tall’s article here yesterday – Without a shadow of a doubt: Vince Cable should be the Lib Dems’ Shadow Chancellor at the 2015 election – has been picked up by today’s Independent:

As the minority coalition partner, the Lib Dems do not have a shadow chancellor. Nick Clegg must choose between the Chief Secretary to the Treasury, Danny Alexander, and the Business Secretary, Vince Cable, who represented the Lib Dems in the 2010 debate.

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LDVideo: Vince responds to the budget (and takes on Labour “hubris” in the process)

Business secretary Vince Cable was on his feet in the Commons on Thursday, providing his response to budget. His speech has already proved something of a hit, not least for his deft responses to point-scoring interventions by Labour MPs, including with the Voice’s Stephen Tall.

You can watch (and read) Vince in action below.

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Without a shadow of a doubt: Vince Cable should be the Lib Dems’ Shadow Chancellor at the 2015 election

Vincent CableOne of the quirks of being in coalition is the Lib Dems no longer have a shadow chancellor. But we shall need one in time for the 2015 general election – not least for the traditional televised ‘Ask the Chancellors’ debate.

There have been newspaper reports that there’s some jockeying for this position, with the Financial Times reporting that “Senior Lib Dems say the high-profile job is very likely to go to Danny Alexander, the Treasury chief secretary”.

Meanwhile, over at the New Statesman, Lib Dem blogger Richard Morris …

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Some first thoughts on the Budget

George Osborne with Red Box, Budget 2012So the Chancellor has just sat down. Here are my first thoughts on the Budget.

Nick gets his Workers’ Bonus

The personal tax threshold rises to £10,500. I doubt it was anything to do with the petition being pushed on social media in the last few days. This was down to the hard work of our ministers staying on message, in volume, over time, in budget negotiations. Nick Clegg has stuck with this through the entire Parliament and given us a very tangible promise kept – and more. “I am proud of what we have achieved”, said Osborne. Aye right.

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Vince Cable: I don’t understand why bankers need to earn a million quid a year

Vince Cable speaking York Europe Jobs Some rights reserved by Liberal DemocratsIn an interview for the Observer magazine’s “This much I know” feature, Vince Cable has shared his life lessons.

He shares his incredulity that anyone needs a salary/bonus of over £1 million to live on:

I don’t understand why people need a million quid a year. I’ve asked one or two of the more sympathetic bankers to explain it to me. The response has been: “It’s not that I need the money, it is because others get it so I should, too.”

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Rachel Smith talks to the Telegraph about the Coalition, being a politician’s wife, and how she’s a fan of Nick

In 2001, Rachel Smith, went along to a local meeting in the New Forest at which Vince Cable was speaking. She asked him a question and the rest is history. They were married in 2004. Last year about this time, she gave an interview to the Telegraph. This year, she’s done it again. She comes over as very warm, human and honest – just the same as she does when you meet her.

She had this to say about Vince’s supposed leadership ambitions:

She pre-empts questions about her husband’s alleged bid to oust the Lib Dem leader. “When people mutter about

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Opinion: A poor careers move

Nick Clegg and Vince Cable at a factory 2 - Some rights reserved by Liberal DemocratsMy name’s Adam and I’m a careers teacher. This presents something of a challenge because it turns out that as a teacher I know nothing about careers.

I must say before continuing that I am a fan of Vince. On the credit crunch, on banking regulation and on bonuses I not only agree with what he says, but also with how he says it. This is part of why I was so surprised, and not a little bit irked, that he said of teachers “They know how universities work, they know what you have to do to get an A-level, they know about UCAS forms – but they know absolutely nothing about the world of work. They don’t know how to direct people to apprenticeships or traineeships which we’re now doing as a first stage for people”.

I am fully aware of the way that the media often quote people out of context so I have taken great care to read what he actually, and there is no way around it: he was clearly referring to the fact that most teachers are graduates and that is what he said.

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What Vince Cable said about teachers – and, more importantly, what he meant

vince cable“Teachers know absolutely nothing about the world of work.” That’s what Vince said if you believe today’s newspaper headlines. And they’re right, he did use those words. But what the newspapers are choosing to ignore is what he meant by them.

Here’s the full quote, from a question-and-answer session about how best to improve the quality of careers advice:

“There has been an argument in Government about how to get the right careers advice in schools and successive governments have frankly messed this up. But the underlying problem is of course that most teachers, particularly in the secondary sector, are graduates. They know how universities work, they know what you have to do to get an A-level, they know about UCAS forms – but they know absolutely nothing about the world of work.”

At that point, Vince’s audience of 600 representatives from the manufacturing industry laughed and clapped. Vince quickly realised how his remarks could have been (mis-)interpreted, commenting “I’ve only one joke today and it was unintentional.” You can heard the exchange below:

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Vince Cable “considers all female shortlists for city firms.” Really?

Yesterday’s Guardian ran a story which said that Vince Cable was considering all female shortlists for the boards of FTSE companies.

That headline was  at this stage over-egging that particular pudding. All he is doing is asking the Equality and Human Rights Commission to advise whether such a move would be legal.

That was in fact the eighth of ten recommendations in a report by Charlotte Sweeney who has worked has head of diversity for top banks, which reviewed the effectiveness of the Government’s voluntary code for city headhunters. It’s worth having a look at the whole report which is available …

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Can everyone please just play nice? Briefing against other Liberal Democrats and insulting party activists is never going to help.

carmichael and teddy bearWe’ve had some pretty strange and random articles appearing all over the place about who might replace Nick Clegg. The least strange and random was of course this by my co-editor Stephen Tall.

People who know Graeme Littlejohn have generally been laughing their heads off at the notion that he’s been brought in as Danny Alexander’s Head of Office as some Machiavelli who’s going to win him the leadership. That’s been in a couple of papers now and I’m just wondering who on earth is spreading this stuff. Actually, I do have some ideas, but these are better kept to myself for the time being.

Yesterday, it was the turn of Scottish Secretary Alistair Carmichael to get the Leadership Speculation Treatment, by Thomas Byrne over at the New Statesman.:

Carmichael has managed to avoid falling prey to the left/right divide emerging more clearly in the party as it gets used to power. “He could be a compromise candidate… post-coalition we need someone to hold the party together. Alistair might be the guy,” one Lib Dem told me. As chief whip for the Lib Dems before becoming Scottish Secretary, he will know where the bodies are buried. Not only did this position make building a relationship with all the MPs in the party compulsory, it also meant he commanded their respect. Don’t mess with Carmichael.

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My favourite Vince Cable quote on Tory immigration policy

Vince Cable smiling - Some rights reserved by Liberal DemocratsThe good news is that more people chose to come to the UK last year. Net migration to the UK increased to 212,000 in the year to September 2013, up from 154,000 in the previous year. As the independent Office for Budget Responsibility has shown before: if you want increased growth, you should welcome immigration.

Here’s how Lib Dem business secretary Vince Cable put it, according to the BBC:

Vince Cable welcomed the increase in net migration to the UK, saying

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Nick Clegg and Vince Cable highlight Liberal Democrat achievements in higher education

When I went to speak in the St Andrew’s University debate last week, I did a bit of what I described as getting the tin opener and the worm can perilously close to each other, but pointed out that young people from disadvantaged backgrounds were twice as likely to go to university as they were 10 years ago. I also pointed out that those graduates on the lowest incomes would be paying much less than they were under Labour.

I was greatly assisted in preparing my remarks by Stephen Tall’s piece in January on the latest data in which …

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Two Liberal Democrats on holiday together. They MUST be plotting to overthrow Nick Clegg

Today’s Mail on Sunday has a story which reaches all sorts of wild conclusions from a few raw facts. Of course you could argue that that’s the rule for virtually all stories in that publication. And you’d be right.

The headline screams: Cable holds “secret ski summit” in French Alps with peer plotting to oust Nick Clegg.

It doesn’t take you very long to realise that this wasn’t some great plotting session, but, in fact, a holiday during the Parliamentary recess.

The piece also contains the revelation that their hotel boasted a gym, jacuzzi and swimming pool. How very unusual that is …

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Après Nick: which Lib Dem MPs are best-placed to become the next Lib Dem leader?

Today’s Independent has an interesting story speculating on the Lib Dem leadership contest to come if the 2015 election result triggers Nick Clegg’s resignation. It’s one of the features of this parliament – perhaps linked to it being a fixed-term in which we know the dates are all known – that there hasn’t been nearly as much gossip about future leadership bids in any of the three main parties.

Anyway, the Indy story seeks to make up a little for that absence: Nick Clegg’s rivals for the Lib Dems leadership told to rev up. The premise of the article …

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Vince on Scottish independence: RBS would ‘inevitably’ move to London

It’s not often we hear from the Lib Dem business secretary Vince Cable on constitutional matters. But today he appeared before Parliament’s Business, Innovation and Skills Committee to discuss the implications for business of Scottish independence, ahead of September’s referendum. Here’s what he said (via the BBC):

RBS would “inevitably” move its headquarters to London if Scotland votes for independence, UK Business Secretary Vince Cable has claimed. Mr Cable told a committee of MPs that the bank would want to be based where it was “protected against the risk of collapse”. …

William Bain, Labour MP for Glasgow North East, asked

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Lib Dems accuse Danny Alexander of ‘going native’

According to the Independent, members of the Social Liberal Forum have challenged Danny Alexander over ‘straying beyond party policy’ by outlining proposals to maintain the squeeze on spending throughout the next Parliament.

Under the heading “Lib Dems accuse Danny Alexander of ‘going native’ at the Treasury as he backs George Osborne’s plans for more spending cuts” Andrew Grice reports that:

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The Independent View: London – a magnet for talent

london by Harshil ShahVince Cable recently accused London of acting like a giant machine that sucks in all of the talent from the rest of the country. Our new report, Cities Outlook 2014, shows that London is indeed a magnet for young people from across the country. But the big question is: why does this happen, and what does it mean for policy?

First, let’s look at the key stats. Somewhat counterintuitively, overall London loses population to the rest of the country. But this is overwhelmingly to the Greater South …

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A longer read: Vince Cable on ‘Recovery and Beyond’

‘UK economy growing at fastest rate since 2007′ is the BBC headline this morning, following the release of the latest GDP figures showing 0.7% growth in the fourth quarter of 2013, bringing the annual growth rate to 1.9%.

Last night, Lib Dem business secretary Vince Cable delivered a major speech to the Royal Economic Society assessing the current state of the economy – and in particular how the current growth figures can be sustained in the long-term. There will be lots of glib sound-bites today from politicians and pundits trying to make the facts fit their outlook. As ever, …

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LibLink: Vince Cable: Baroness Shirley Williams, the Lib Dem peer who defined British public life

Over at the New Statesman, Vince Cable has been reviewing Mark Peel’s new biography of Shirley Williams.

He starts off by expressing annoyance at the conclusion – and quite rightly, too, given her major contribution to national and international life over 6 decades:

She is, of course, approachable, informal, engaging and whatever else “nice” means. But “niceness” is also a dismissive put down, as in William Hague’s comment in an Oxford Union debate (quoted as the punchline of the introduction): “In politics, Mrs Williams, it isn’t enough to be nice.” And it misses the essential point, that she is an extremely interesting

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Coalition minister calls for minimum wage increase (that’s Vince, 4 months ago, in case you were wondering)

Here’s the Lib Dems’ Vince Cable on 14 September 2013:

vince min wage - sept 2013

And here’s the Tories’ George Osborne – four months later – on 10 January 2014:

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Vince Cable nails Labour’s crass and inaccurate attacks on Lib Dems’ support for the minimum wage

Sometimes you’ll hear Labour folk claim, with absolute certainty, that the Lib Dems opposed the introduction of the minimum wage in 1998. They’re wrong, as a glance at the voting record shows not a single Lib Dem MP voted against and 26 voted in favour.

Today Labour’s shadow secretary of state for Work and Pensions, Rachel Reeves, upped the ante, demanding to know:

where was the Secretary of State for Business, Innovation and Skills, the right hon. Member for Twickenham (Vince Cable)? He was nowhere to be seen in the debates. He was nowhere to be seen on the voting record. On Second Reading and Third Reading, he failed to vote. Apparently, he abstained because he had reservations about a minimum wage. Perhaps he will stand up today to profess his concern for the plight of the low-paid.

Vince didn’t respond directly immediately. But he did respond:

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Vince Cable raises fine for failing to pay minimum wage to £20,000 per worker

We’ve known for some time that the Coalition has been intending to raise the penalty on rogue employers who don’t pay the National Minimum Wage. What we didn’t know is that Vince Cable is actually making the proposed £20,000 fine payable for every single worker who doesn’t receive the legal amount.

Vince is quoted in today’s Guardian:

Anyone entitled to the national minimum wage should receive it. Paying anything less than this is unacceptable, illegal and will be punished by law. So we are bringing in tougher financial penalties to crack down on those who do not play by the rules.

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Opinion: Vince is wrong about London

One of the oddest statements made by a Lib Dem in 2013 was surely Vince Cable saying that London was “draining the life out of the rest of the country”’.

Odd not just because Vince is MP for a London constituency but because he was so clearly wrong – far from draining the life out of the rest of the UK, London is a huge contributor. The most obvious way is financially: London subsidises other parts of the UK which would have higher taxes or less public spending without the benefits of the London

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Opinion: 2014 – What’s next?

Steve Richards suggests Nick Clegg, as a pluralist in the Blair tradition and as a sincere and patriotic person, will be open to an agreement with either the Tories or Labour if a balanced Parliament results in 2015.

Clegg is a pluralist, a pragmatic, a believer in good management as good politics and as such sincerely believes that Liberal Democrats in Government are beneficial to the county’s future.

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‘Help to Buy’: 61% of Lib Dem members oppose Government’s cheap mortgage scheme

Lib Dem Voice has polled our members-only forum  to discover what Lib Dem members think of various political issues, the Coalition, and the performance of key party figures. Some 750 party members responded – thank you – and we’re publishing the full results.

Party members reject ‘Help to Buy’ by 61% to 27%

Do you support or oppose providing a government guarantee to encourage banks to offer 95% mortgages to homebuyers, available for homes costing up to £600,000?

    5% – Strongly Support
    22% – Support
    Total support = 27%
    9% – Neither support nor oppose
    34% –

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Lib Dems should aim for a budget surplus not because the Tories want to, but because it is right

All parties have a mixture of deficit hawks and doves – those who believe in balanced budgets and those who aren’t too bothered. The Lib Dems are no exception, but I think we are different in the motivations underlying these positions.

Many Tories often seem to see deficit reduction as an end in and of itself, not even necessarily because they want to see a smaller state and lower taxes, but simply because their ideology teaches that budget deficits are Bad Things.

And in recent years, some Labour figures have begun to sound like their ideology teaches that budget deficits are inherently …

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Opinion: Why the student loan privatisation is a worrying prospect for graduates

For the first time in five years, the UK has seen a 4% rise in unsecured borrowing – the figure now amasses to an eye-watering £216bn. A report by Price Waterhouse Coopers revealed that this £8.5bn rise was almost entirely due to the rise in student borrowing. Students starting University, on average, are set to be straddled with debt that of £40 – 50,000.

As a graduate, already worrying about clearing my debt, the Government has given me more cause for worry. This week, the sale of the mortgage-style student loans taken out between 1990 and 1998 took place. …

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Recent Comments

  • User AvatarMatthew Huntbach 17th Apr - 4:25pm
    Denis This is far from the “divisive schooling, segregating children along religious grounds” feared by Graham Martin-Royle above. If tempted by the quite different approach...
  • User AvatarMatt (Bristol) 17th Apr - 4:01pm
    Hmm, maybe we could learn from this, start a separatist movement for SouthWest England and threaten to secede from the UK, we too will get...
  • User AvatarPaul in Twickenham 17th Apr - 3:52pm
    I always liked the story about how Clement Attlee was approached by a BBC reporter who said "Prime minister, do you have anything to say...
  • User AvatarChris Manners 17th Apr - 3:36pm
    ", why should I tell people what they can spend their money on? That’s an important issue that’s been highlighted" Right, so no other economic...
  • User AvatarChris Manners 17th Apr - 3:28pm
    This clown is on the left of your party?
  • User AvatarPeter Watson 17th Apr - 3:18pm
    @John Leech I stalled at the first sentence. What exactly do you mean by "the rebirth of localism in 2010"?