Tag Archives: vince cable

BREAKING NEWS: Vince Cable announces his candidacy for Leader

A statement from Vince Cable MP:

Today I am announcing that I will be a candidate in the forthcoming Liberal Democrat leadership election. I wanted to do so on Lib Dem Voice, the leading forum for discussion amongst our membership.

With 20 years on the national political stage I am passionate as ever about our liberal values. I am ready to commit my energy, enthusiasm and experience to the task of leading the Liberal Democrats through what will be a period of chronic uncertainty. With the prospect of another election looming large, we must be ready for the fight.

Brexit negotiations have begun. The government is split and weakened; Labour is equivocal about Europe. The Liberal Democrats alone have a consistent and principled, outward looking, and approach to the issue. We must fight for the British public to have a final say on the government’s deal with a chance to stay in the EU if the deal is not good enough. To achieve this, we will need to work with like-minded people in other parties.

As Shadow Chancellor I secured a hard-won hearing for the party on the economy, warning of the 2008 financial crisis which has been a source of economic weakness, great inequality and political anger ever since. In government for five years as Secretary of State for Business I created a distinctive Lib Dem vision for the economy with a long-term industrial strategy, promotion of science and innovation, banking reform, investment in young people via apprenticeships and the promotion of socially responsible capitalism. With the economy approaching the Brexit iceberg, Liberal Democrats need more than ever to warn of the dangers ahead and the need for a new course.

Posted in News and Party policy and internal matters | Also tagged and | 198 Comments

Cable: Tories and Labour have turned their backs on the economy and business

Vince Cable makes a major intervention in the election campaign today with a speech on the economy and Brexit. He is not going to mince his words.

He will

  • Accuse both Labour and the Conservatives of adopting a Brexit strategy almost designed to inflict maximum economic damage by rejecting membership of the single market and customs union, as well as other benefits of the EU
  • Warn that the economic storm clouds are already gathering once more from rising inflation, falling real wages and rising personal debt to slowing spending and growth
  • Highlight the Liberal Democrats’ positive economic plan, including boosting spending while still achieving a surplus on the current budget
  • State that “under Jeremy Corbyn, the Labour leadership’s model for economic management is the bankrupt, hyper-inflationary Venezuela.”

Here’s a flavour of what he’s going to say.

If we crash out of the single market and customs union and revert to World Trade Organisation terms, respected independent estimates suggest that our trade will slump by almost a third by 2030. Far from turning Britain into a centre for exports, the main thing we would export under Theresa May would be jobs.

Labour’s plans for a spending spree funded by taxing the rich and corporations have been described by the IFS as wholly unrealistic, and will certainly scare off the investment and talent that are fundamental to our global economy. The May-Farage extreme Brexit that Labour voted for will drive out high-earners and leading international companies, leaving lower tax receipts for public spending.

Posted in News | Also tagged , and | 18 Comments

What do you make of the “Vote her, get him” poster?

Vince Cable launched a new Lib Dem campaign poster today.

This is how he explained it:

This week has been about manifestos

To understand what is going on you have to listen to the voices of the people who are Mrs May’s cheerleaders and admirers.

Nigel Farage. He purrs like an elder statesman, his job done.

He said of the Prime Minister “she is using exactly the words and phrases I have been using for 20 years. I’m thrilled”

He should be. She has adopted wholesale the UKIP model of Brexit. No half measures. Out of the Single Market. Out of the customs union. Out of all the sensible cooperation around science and environment. The agenda of the hard right.

And not just on Europe. Do you remember the man who smiled with President-elect Donald Trump in a gold-encrusted lift? Who used his good offices to secure a meeting for our Prime Minister. Her hand-holding. Backing for the Trump administration. The close bonding. The treat of a state visit to come. Not that it achieved anything. The tough American trade negotiators have made it clear that economic size, not sentiment, determines priorities: the EU before the UK.

Posted in News | Also tagged , , and | 95 Comments

LibLink: Vince Cable: After years of hiding from the public, Fred Goodwin will face the music over RBS’ failure next month

Vince Cable wrote an interesting article in City Am last week about the imminent appearance (on polling day, of all days) of Fred Goodwin, the former head of RBS in a court case brought by 9000 retail investors.

Goodwin, alongside RBS itself and several other former executives at the bank, are defendants in a case brought against them by 9,000 retail investors, including many current RBS employees. The trial starts in less than two weeks (22 May) and Goodwin will be called to the stand after the opening remarks. The claimants allege they were wilfully misled over the true financial woes of RBS during the £12bn rights issue of 2008, which was supposed to stabilise the bank. Within months, RBS had to be rescued by the government, which spent £45.5bn of taxpayer money to stop it from collapsing.

Vince notes that Goodwin’s defence is being publicly funded and he still enjoys a lucrative RBS pension:

Goodwin has spent the past seven years hiding from a public still furious that his dreadful calls – notably the 2007 purchase of Dutch bank ABN Amro – helped bring Britain’s economy to its knees. He left RBS in 2009 and was later stripped of his knighthood. But he has never been properly taken to task for his failures.

Posted in LibLink | Also tagged | 1 Comment

Big beasts

A press release from the Liberal Democrats today announces that ‘Big beasts return to Lib Dem front line as Farron announces election campaign team‘.

I’m not sure whether Jo Swinson, Vince Cable and Ed Davey like being referred to as beasts – what sort might they be?

But here is the full list of the new General Election Campaign Team:

Posted in News | Also tagged , and | 23 Comments

Liberal Democrats will keep Pensions Triple Lock – Cable

Theresa May has been reticent about whether the Conservatives will commit to keeping the pensions triple lock which was introduced by then Liberal Democrat pensions minister Steve Webb.

Today, the Liberal Democrats are committing to keep it for the duration of the next Parliament.

Vince Cable explains why:

Liberal Democrats believe that an important test of a civilised society is the way in which it cares for the elderly. We will protect the Triple Lock unlike the Conservatives.

The guiding principle of the pensions system must be to ensure that none are left unable to meet their basic needs for survival and participation in

Posted in News | Also tagged and | 52 Comments

Yesterday’s Press Releases in review: 1 May 2017

It may have been a Bank Holiday, but the Press Team never rest. Here are some of the releases they sent out yesterday that aren’t covered elsewhere in our pages;

Farron: FAZ report on May’s Juncker dinner show this Govt has no clue on Brexit

According to damning reports in the German press on Theresa May’s dinner with Juncker last week, EU sources believe there is now more than 50% chance of a disorderly Brexit, while May has made clear to the European Commission she fully expects to be re-elected as Prime Minister.

Liberal Democrat Leader Tim Farron commented:

These reports blow a

Posted in News | Also tagged , , , , and | 26 Comments
Advert



Recent Comments

  • User AvatarPaul Murray 26th Jun - 6:08pm
    Well thank goodness the EU is there to show us dumb Brits how to run our sad little lives.
  • User AvatarMike S 26th Jun - 6:03pm
    Sorry predictive text - should say: The NHS is unaffordable, it’s going to collapse, so we’ll put a penny on income tax to *rescue* (not...
  • User AvatarDave Orbison 26th Jun - 6:01pm
    Bolano 2 "The Lib Dems need to make up their mind as a party on the Coalition – moving forward as a centre-left party regretting...
  • User AvatarMike S 26th Jun - 6:00pm
    @ Joseph Bourke "4. Uninspiring manifesto on key voter issues – NHS, Education, Housing, Low Pay etc" @ Peter Watson "i.e. we believe in Policy...
  • User AvatarMick Taylor 26th Jun - 5:40pm
    Tweaked always the pessimist
  • User AvatarSteve Magner 26th Jun - 5:22pm
    Sadly too much of this debate seems to be about resurrecting the National Liberals and we all know what happened to them. When i joined...
Sat 1st Jul 2017