Tag Archives: vince cable

Vince Cable on the economy, George Osborne and his own ambitions

From last night’s Newsnight:

Posted in News and YouTube | Also tagged , and | 3 Comments

Daily Mirror: ‘Time for Plan V’ (aka ‘Vince for Chancellor’)

The front page of this morning’s Mirror newspaper may bring a smile to the face even of that most sober of politicians, Vince Cable:

Posted in News | Also tagged , and | 8 Comments

As economy shrinks again, Oakeshott calls for Osborne to be moved to make way for “our A team at the treasury”

Here’s how The Guardian reports the call by Lord (Matthew) Oakeshott for George Osborne to be moved from Number 11 in the wake of today’s fresh dire news on the economy:

A senior Liberal Democrat peer has called on George Osborne to be sacked as the chancellor continued to insist the government was on the right economic path, despite “disappointing” official

Posted in News | Also tagged , , and | 24 Comments

Today’s news is: Let’s all be shocked by the blatantly obvious

Story one.

Dear politician, do you think people should knowingly assist others in breaking the law? What, you say ‘no they shouldn’t’? Hold the front page, I’ve got a scoop!

Story two.

Dear politician, might you want to lead your party one day? What, you might!? Hold the front page again. This is an amazing scoop discovering a politician who would fancy leading their party.

Story three.

Dear politician, if there is another hung Parliament, would you take the same approach as you did to the last one? What, you would? OMG! Someone saying they would do the same thing again! Unthinkable! …

Posted in Op-eds | Also tagged , and | 5 Comments

Bogdanor: Cable has exposed the Liberal Democrat divide

Over on Comment is free, Vernon Bogdanor says that Vince Cable’s ‘hat in leadership ring throw’ reflects a fundamental divide within the party:

Cable’s intervention, therefore, should not be seen solely in personal terms, but as bringing to the surface the conflict between the social and the economic Liberals in his party. No one can predict how this conflict will be resolved. But it is probably safe to assume that the instincts of most Lib Dems remain on the left, and that they continue to regard Labour as a competitor,

Posted in News | Also tagged | 7 Comments

FT: ‘Cable leaves leadership bid open’

Today’s Financial Times reports an interview with Vince Cable in which the Lib Dem business secretary declines to exclude the possibility he might one day become party leader:

Mr Cable stressed that the Lib Dem leadership was not on his radar screen, nor remotely up for grabs, insisting that Nick Clegg was “doing a good job and is standing up to the pressures”. But in an interview with the Financial Times, Mr Cable was careful not to close down the prospect of a leadership bid when a vacancy arose. “I don’t exclude it – who knows what might happen in the future,” he said. …

“The worship of youth has diminished – perhaps generally – in recent years,” he said: a comment that might be deemed by some as a criticism of the generation of forty-somethings at the top of the government. Mr Cable added that this reappraisal might be because “there is a certain respect for people who have had some insight into what’s going on”.

Vince also notes his popularity among Lib Dem members as recorded in our regular LibDemVoice surveys:

Posted in News | 11 Comments

Immigration: a supply-side measure to boost growth the Tories fiercely oppose

I suggested at the weekend that there was one over-riding policy area where the Lib Dems and Conservatives agree more often that we disagree — the economy, and the need for deficit reduction — and that we should focus our combined energies on ‘reforming capitalism’. But of course there are also fundamental disagreements between the two Coalition parties on how best we can boost growth.

The Tories would prioritise implementing in full the ‘Beecroft proposals’ — including no-fault dismissal of employees — to make it easier for businesses to …

Posted in Op-eds | Also tagged , , and | 11 Comments

The Politics of Coalition: How the Conservative-Liberal Democrat Government Works

Robert Hazell and Ben Yong’s work, The Politics of Coalition: How the Conservative-Liberal Democrat Government Works, is a very readable volume, written mostly in the style of an introductory politics textbook and based on extensive interviews with the participants, including at very senior levels.

The book is well done, readable, comprehensive and has a few gems lurking in the revelations from all the interviews, such as the limited involvement of Andrew Lansley and Paul Burstow in drafting the health section of the Coalition Agreement.

Posted in Books | Also tagged , , , , , , , and | Leave a comment

Opinion: Liberal Democrats must not apologise for cuts

Occasionally Nick Clegg, or his speechwriters create a phrase which deserves to live on in the political lexicon long after the rest of the speech has been confined to the political dustbin. The pre-2010 General Election debates were transformed by Nick referring to the “two old parties” and asking voters to “do something different this time”.

While the phrases were memorable, they were hardly that effective. Voters did what they did the last time they faced a Labour government mired in staggering incompetence and a Tory party leadership tacking to the centre while the grassroots howled. That was in the 1970’s when voters gave Labour a kicking and the Tories the mandate of largest party in parliament but no overall majority. In 2010 the outcome was the same with Labour weakened and the Tories becoming the largest party, except that on this occasion, the Liberal Democrats, from MPs to ordinary members, voted by a huge majority for a coalition. But while the phrases used in the debates were clever and eye catching, it was another of Nick’s phrases which should help set the tone for the party in the future. Nick said there would be “savage cuts”, while Vince Cable joined his Tory and Labour colleagues in saying that post-election there would, under a Liberal Democrat government, be “cuts faster and deeper than Thatcher”.

Posted in Op-eds | Also tagged , , , , and | 38 Comments

Cable: The City is a massive cesspit

The Independent reports:

The Government was under growing pressure last night to call a public inquiry into the behaviour of Britain’s bankers as the Business Secretary, Vince Cable, admitted the sector was a “massive cesspit” that needed cleaning up.

Posted in News | Also tagged | 13 Comments

Vince ahead of the game – again

Yesterday the Prime Minister and Chancellor of the Exchequer made an attempt to appear in tune with public outrage over the behaviour of Barclays’ bankers and the failure of the bank’s Chief Executive to take full responsibility for the market manipulation practised by his staff.

However it seems that once again Vince Cable was ahead of us all.

Hat tip: Richard Morris

Posted in News | Also tagged and | 3 Comments

Housing: the IPPR’s answer

Over the last week I’ve highlighted how the Britain’s love of home ownership is not based on any evidence that high home ownership brings economic success (if anything, the opposite is true), that the proportion of people living in private rented accommodation is on a long-term rise and that changes in property prices in Britain are widening rather than narrowing the huge geographic imbalances. Add to all that the increasing importance that Vince Cable and Nick Clegg, in particular, are giving to the housing market for boosting economic growth, and it is a sector clearly in need of action.

But what action?

Posted in News | Also tagged , , , and | 2 Comments

Shareholders to get binding votes on executive pay under Cable reforms

First up, here’s what Vince had to say in the House of Commons yesterday:

Posted in News | Also tagged | 3 Comments

Vince Cable on “one of the great acts of economic vandalism in modern times”

Yesterday Vince Cable gave a sweeping speech about the current state of the economy, lessons from the 1930s and the way forward.

The parallels with the 1930s are in some ways obvious, but as Cable pointed out there are important differences. In particular, in the 1930s there was no similar financial crash in Britain to mirror what happened this time. However, in another major respect this time round looks somewhat better than the 1930s as unemployment has not soared in a similar way, helped by the double-edged flexibility of wages. This time round, real wages have suffered, spreading the pain more widely but keeping more people in work. 

Posted in News | Also tagged and | 11 Comments

LDV poll: Vince or Tim are Lib Dem members’ top choices for leader in event of vacancy

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 560 party members responded, and we’re publishing the full results.

28% choose Vince, 21% tip Tim: how you voted

Yesterday we reported the finding that 34% of Lib Dem members surveyed thought Nick Clegg should step down as party leader before the 2015 general election compared to 59% who thought he should stay to fight it. Today we report the hypothetical question we then posed: who should take up the reins if for …

Posted in LDV Members poll | Also tagged , , , , , and | 14 Comments

Chief Executive pay: is it tied to performance?

The LSE’s Centre for Economic Performance has been looking at the evidence on Chief Executive pay in the UK. Their conclusion? It is tied to performance – and is more tied to performance than it used to be. But it is a lopsided link with smaller cuts when things go badly than the increases when things go well. What’s more, when things go well Chief Executive pay rises much more than pay for others.

Posted in News | Also tagged , and | 9 Comments

Leveson: Cable talks of ‘veiled threats’ against Lib Dems

From the BBC:

Business Secretary Vince Cable has said “veiled threats” were made against the Liberal Democrats when he was assessing News Corporation’s 2010 bid for BSkyB.

He told the Leveson Inquiry into media ethics his party was warned it would be “done over” in the firm’s newspapers if he ruled against its takeover attempt.

Posted in News and YouTube | Also tagged and | 6 Comments

How does UK employee protection compare with other countries?

Rather handily, the OECD complies a set of international indicators of employee protection, the latest version of which was revised in September 2010, using 2008 data. The survey looks at “the procedures and costs involved in dismissing individuals or groups of workers and the procedures involved in hiring workers on fixed-term or temporary work agency contracts”.

What does it show?

Posted in News | Also tagged , , and | 10 Comments

Desperately thin stuff – Observer fails to reveal Lib Dem ties with Murdoch

Liberal Democrats’ ties with Murdoch aides revealed to Leveson inquiry shouts The Observer headline today followed by a breathlessly hyped claim:

Nick Clegg’s Liberal Democrats were sucked deeper into the controversy over News Corp’s planned takeover of BSkyB on Saturday as evidence submitted to the Leveson inquiry revealed close party ties with Murdoch executives.

I then read the story to try and find what amazing revelations backed-up the paper’s confidence. Then I read it again. And again. I’m still none the wiser how “Nick Clegg’s Liberal Democrats” have been “sucked deeper into the controversy”.

The Observer’s attempt to implicate the Lib …

Posted in News | Also tagged , , , and | 27 Comments

LDV Caption Competition: Vince & Dave “Watch your step” Edition

There’s no prize at stake – just the opportunity to prove you’re wittier than any other LDV reader…

Here’s Lib Dem business secretary Vince Cable, the man who declared war on Murdoch, side-by-side with the man who LOL-ed with News International. What do you think might be being said or thought by or about them?

And the winner of our last caption comp is…

Some fantastic entries for our most recent caption competition, Nick & Dave “Can you feel the love?” Edition.

Posted in Caption Comp | Also tagged , and | 15 Comments

Vince Cable described as “moral centre of the Coalition”

Praise for the Liberal Democrat Business Secretary Vince Cable comes today from a very surprising source, Peter Oborne in the Daily Telegraph.

Rebuking Adrian Beecroft for calling Vince a socialist, Oborne heaps praise on him:

I believe that any serious and objective consideration of Mr Cable’s record in office shows that he has been a formidable Cabinet minister, an important ally of enterprise, and, above all, one of the most loyal and supportive members of this Government.

And praises his record on employees’ rights:

Mr Cable is right and Mr Beecroft, along with his Conservative admirers, has taken a very dangerous wrong turning. The

Posted in News | Also tagged and | 12 Comments

We must be doing something right – Mail rails at ‘Commie Clegg’, Telegraph blasts ‘Socialist Vince’

There’s a measure in marketing known as Advertising Value Equivalents (AVE) — it’s used to assess the impact of coverage in the media. Glancing at today’s right-wing press, the Lib Dems have won headlines money can’t buy…

Nick Clegg’s push for increased social mobility, to equalise opportunities for the poorest in society, has earned him the tag ‘Commie Clegg’ in today’s Mail. This is of course the same paper that only two years ago splashed on the bizarre headline ‘Clegg’s Nazi slur on Britain’.

Meanwhile …

Posted in News | Also tagged , , and | 27 Comments

Vince Cable winning out on employee rights

Via The Voice’s Mark Pack:


Posted in News | Also tagged and | 12 Comments

Liblink: Vince Cable – Complete nonsense to suggest reducing labour rights to beat the recession

In today’s Sun (scroll down), Vince Cable tears into those who would reduce labour rights to try to beat the recession:

Some people think that if labour rights were stripped down to the most basic minimum, employers would start hiring and the economy would soar again.

This is complete nonsense.

British workers are an asset, not just a cost for company bosses.

That is why I am so opposed to the ideological zealots who want to encourage British firms to fire at will. Those who want to shake up the law

Posted in LibLink | Also tagged | 29 Comments

Opinion: Land Value Tax – an old idea with lots of modern supporters

Adam Smith in the Wealth of Nations (1776) was an early proponent of land taxes as was that great radical Tom Paine.

John Stuart Mill was an advocate and Henry George put the case in ‘Progress and Poverty’ (1879).

The economist David Ricardo gave us the concept of economic “rent” – that land or property derives its value from scarcity rather than investment.

In the debates before and after the peoples budget of 1909 both Winston Churchill and David Lloyd George argued strongly for the introduction of a land tax.

The economists John Kenneth Galbraith and Milton Friedman recommended Land Value Tax (LVT) for …

Posted in Op-eds | Also tagged , , , , , , and | 258 Comments

Vince Cable: Free Radical – what the memoirs say about the man

A little belatedly, I’ve got round to reading Vince Cable’s memoirs (or rather, listening to the audio book version – what better accompaniment to a delivery round?).

Vince Cable’s memoirs do much to explain both the praise and the criticism he has received. At one point he writes how “I am often asked why I am not party leader…”. Conceit or modesty? You can read that comment either way and it is easy to see why he produces such different views.

Views differ too over quite where …

Posted in Books | Also tagged and | 1 Comment

Opinion: Vince for No.11 – for growth and investment

Coming after several weeks of self-inflicted damage, the news that the UK economy has gone back into recession risks further undermining public confidence in the Government’s ability to deal with the problems the country faces.

Nick Clegg says the principles of the coalition’s economic strategy remain sound – repairing the public finances, reforming the financial system and rebalancing the economy – and I agree. The problem is that we are only making progress on the first one of these …

Posted in Op-eds | Also tagged and | 9 Comments

Opinion: I don’t think Jeremy Hunt should resign

Don’t get me wrong. This isn’t a post I really wanted to write. But I don’t think Jeremy Hunt should resign over the Murdoch affair. Lord, I hate myself.

Anyway, ‘why so?’, you’re all bellowing at the screen. Let me explain

As of now, Jeremy Hunt has not been shown to have done anything wrong, and he maintains he has been whiter than white. The blame has been laid firmly at the door of his SpAd, Adam Smith, who has dutifully fallen his sword. Innocent until proven guilty and all that, so no reason for Hunt to go as yet.

Hence the …

Posted in Op-eds | Also tagged , and | 31 Comments

How Vince avoided Murdoch – an example of appropriate ministerial behaviour

Today’s Guardian carries a report by Patrick Wintour which shows the frustrations of the News Corporation camp as they tried and failed to develop the same sort of close relationship with Liberal Democrat Business Secretary Vince Cable as they had with Jeremy Hunt and Alex Salmond.

The article outlines several fruitless attempts from senior figures within News Corporation to arrange a meeting with Cable to discuss their proposed takeover of BSkyB. Vince at that time had quasi-judicial responsibility for that decision.

My favourite part of the article is the response of Giles Wilkes, Vince’s Special Adviser, on being asked “when would be …

Posted in News | Also tagged , , , and | 19 Comments

I would have sacked Vince Cable for standing up to Murdoch – what Ed Miliband said 16 months ago

Ed Miliband The SunJeremy Hunt is in hot water today following the revelations at the Leveson Inquiry of the closeness of his relationship with the Murdochs during their attempted takeover of BSkyB.

The culture secretary was handed quasi-judicial responsibility for handling the deal after Lib Dem business secretary Vince Cable was snared by the Telegraph declaring war on the Murdoch empire before it became fashionable.

According to the Guardian, the Labour party ‘is likely to demand an urgent Commons statement from Hunt to set out the nature of

Posted in News | Also tagged , , , , and | 47 Comments
Advert

Recent Comments

  • Peter Martin
    @ Kira, The words you quoted were from Peter Davies'. Not me. I wouldn't agree with raising VAT on energy to 15% right now. I'd leave it as is. The point ...
  • Peter Martin
    “‘why can’t social care and NHS spending be treated as ‘investment’’. Of course, that wont wash”. I'd agree if were talking about re...
  • Peter Martin
    There's really only two fiscal rules that make any sense: 1) If inflation caused by an overheating economy is the main issue, then governments should tax mor...
  • Peter Davies
    @Kira Collins You seem to have missed the bit about raising tax allowances. That primarily helps those on low wages....
  • David Wright
    According to this well-argued article (by Lib Dem councillor Mark Ellis), a simple wealth tax wouldn't work, but tax on TRANSFER of wealth could, if current tax...