Tag Archives: vince cable

Vince Cable on Carillion: Shareholders are going to have to take a hit

Vince has been speaking about the Carillion crisis. The FT reports:

The Lib Dem leader’s intervention suggests the crisis at Carillion is about to become highly political; Sir Vince claimed last November that the government was “feeding” contracts to the company to try to keep it alive.

On Friday lenders to Carillion dismissed the company’s rescue plan and urged Downing Street to intervene.

But ministers will face fierce political criticism if they have to bailout a company which continued to receive major public contracts — including on the HS2 high speed rail line — after it issued a profit warning last July.

The government would also have to comply with EU state aid rules, but Sir Vince said that in the first instance the private sector should take a hit.

“The shareholders of the company are going to have to take a loss,” he told the BBC. “The creditors, the big banks who hold most of this debt, will have to write off some of it, perhaps replace some of it with shares.” 

You can watch his BBC interview here.

He’d earlier said on Twitter:

Posted in News | Also tagged and | 26 Comments

Vince, Christine, Jo and Layla marked out as politicians to watch in 2018

Over at HITC, Richard Wood has produced a list of politicians to watch this year.

Vince Cable, Layla Moran and Christine Jardine get mentions:

Liberal Democrat leader Vince Cable has failed to make much of an impact this year. But with the Brexit drum beating louder than ever before, and the UK just one year away from exiting the EU, Brexit anxiety will likely increase, thus resulting in Cable rising to prominence. Cable and his party will likely capitalise on remain sentiment, but can he expand on that and turn the Liberal Democrats into more than just the anti-Brexit party?

Keep an …

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Jeremy Corbyn empty-chaired at single market summit

This morning a summit took place in Parliament to discuss ways of working together to make sure that the UK stays in the single market on which so many jobs depend.

Our Vince was there

But there was an empty chair:

Which was a real shame because most of the rest of the opposition parties showed up too.

Posted in Op-eds | Also tagged , and | 7 Comments

Vince: Toby Young appointment “completely unsustainable”

Theresa May admitted today that she had been unaware of Toby Young’s appalling comments before his appointment to the board of the new Office for Students. The Guardian reports:

In her first public statement about Young’s appointment, the prime minister said she was not aware of Young’s history of making sexist and homophobic remarks when he got the job and that, if he were to use language like that again, he would be sacked.

But she signalled that she was happy for him to remain on the board of the new Office for Students, even though the opposition and the main teaching union, the National Education Union, have said his previous outbursts make him unsuitable for the post.his previous outbursts make him unsuitable for the post.

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LibLink: Vince Cable What can be done to help street sleepers?

Some people were concerned that when Vince became leader, the high priority given to housing and homelessness during Tim Farron’s tenure in the top job might be lost.

Tim famously got involved in politics after watching Cathy Come Home.

However, those concerns were allayed at Christmas when helping homeless people was the focus of his Christmas Message and he has written further about those experiences in his regular column for his local paper, the Richmond and Twickenham Times.

He wrote about the various circumstances that had forced people he had met to sleep on the streets.

One man I talked to, who had lived for ten years under the arches of Waterloo Bridge, had never recovered from violence he experienced at home as a child from an alcoholic mother; he survives by selling “The Big Issue”.

But others have been forced onto the streets by the vagaries of unstable employment, expensive rents and inadequate or unavailable benefits.

I met a young man sleeping out in Covent Garden who was a chef, looking for work, who couldn’t afford the rent until his next job. Another had fallen through the cracks of Universal Credit, forced out of his home by lack of cash for the landlord.

He highlighted the aspects of welfare reform which caused so many problems.

So what can be done?

We need more emergency hostels – currently facing funding cuts which will hit provision by the Salvation Army and the YMCA.

There has to be a rethink of some of the brutal welfare cuts. The warm words about building affordable housing have to be supported by government action.

Posted in LibLink | Also tagged | 28 Comments

WATCH: Vince Cable on LBC talking homelessness, brexit, being a puritan on drugs, knife crime and Nick’s knighthood

In case you missed it yesterday, here is Vince Cable’s start of year phone in with Nick Ferrari

He got the chance to talk about the scandal of so many young people sleeping rough while there were so many empty properties. He highlighted the role of Universal Credit in causing homelessness among young people. He also talked about the need to build more houses.

Nick Ferrari actually raised the issue of homelessness among veterans which led to a discussion of how veterans with mental ill health don’t get the support and treatment they need.

Posted in News | Also tagged , , and | 34 Comments

WATCH: Vince Cable’s New Year message – Liberal Democrats are the party who stand up for the underdog

Vince’s New Year message is a little different. It’s another of these W1A style videos where he goes completely off piste from the remarks prepared for him by his team. Which would never, ever happen in real life, obviously.

He concentrates on the principles that drive the Liberal Democrats, challenging vested interests and standing up for the underdog.

He’ll be wanting to get over in the next year how the Liberal Democrats have so often been right and ahead of our time. 2018 marks the 30th anniversary of the formation of the Liberal Democrats and in that time we’ve led on issues like LGBT rights, the Iraq war, environmental issues, standing up for the rights of Hong Kong citizens and calling for humanitarian intervention in Bosnia. We should also remember that Vince was the lone political voice warning about the dangers of the credit crunch.

Posted in News | Also tagged and | 15 Comments
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