Tag Archives: vince cable

TUC to Vince: it’s our ball and you can’t play

The Trades Union Congress has withdrawn an invitation to Vince Cable to speak at their Autumn conference.

The Financial Times (free registration required) reports that leaders of the big unions are upset about Government cuts (which might raise the issue of how they would have dealt with Labour’s £44 billion proposed cuts had they won the election).

As the FT reports:

A moderate unionist said: “It’s a serious embarrassment, a joke, I don’t know what they’re playing at.”

The TUC struck a conciliatory note, telling the FT that it would find an alternative mechanism to keep dialogue open with the

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Williams: Coalition has done more for Equitable Life victims in 10 weeks than Labour did in 10 years

Here’s an important story that Lib Dem Voice omitted to give the space it deserves this week:

    Commenting on the Coalition Government’s announcement that it has introduced a Bill to compensate Equitable Life policyholders, Co-Chair of the Liberal Democrat Treasury Policy Committee, Stephen Williams said:

    “The Labour Government had 10 years to help the those who had their lives ruined by the collapse of Equitable Life and did nothing. In just 10 weeks the Coalition Government has taken real action to ensure that those who saw their pensions and life savings hit hard get the compensation they deserve.

    “Liberal Democrats have long

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Opinion: No Need for a Graduate Tax

For a decade or so now governments have been firmly fixed on the idea that students should pay for their own education. So firmly fixed, in fact, that it’s easy to forget that until 1998 Higher Education was funded from general taxation and was, to the student, completely free.

It’s true that most taxpayers are in no further need of Higher Education. But that doesn’t mean they don’t benefit from its existence. Since most tax payers will one day be dependent on a pension (public or private) it’s in their interests that the next generation of wealth …

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Graduate tax is the fairest way of abolishing tuition fees

I was one of the lucky ones. When I went to university in the late 1980s and early 1990s I didn’t have to pay tuition fees. I left for the world of work without thousands of pounds of student debt hanging over my head.

I would like nothing more than to be able to abolish fees for good and make universities free for all. But to suggest that it is possible to do so now wilfully ignores reality.

The fact is the higher education sector has changed beyond all recognition in just a few short years. Universities face a funding …

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Opinion: Why a graduate tax is progressive

There has been at best, a muted response among Lib Dem members to the graduate tax proposals announced by Vince Cable on Thursday.

There appears to be a general agreement that these proposals are better than the status quo but not really ‘progressive’ and that the only really Liberal outcome is so-called free education.

It could however be argued that this phrase is a misnomer. Nothing is free. It may be free at the point of use, but it still has to be paid for. The suggestion of its advocates is that it be funded through general taxation, and specifically through a …

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Vince’s Graduate Tax is no easy win

Vince Cable yesterday floated the idea of a graduate tax to pay for university funding, as an alternative to top-up fees.

In the early 1960s, around 4% of young people went to university.  Today that’s nearly 50%.   Undergraduate education has changed beyond recognition over those fifty years and, with money tight, another government is having another attempt to sort out funding.  As Vince has made clear, a graduate tax is one option he wants considered.

Encouraging those with the ability

The UK has never quite cracked the problem of getting people from poorer backgrounds into higher education.   If you’re in the poorest …

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Vince Cable’s speech on higher education funding

Vince Cable, Lib Dem secretary of state for business, innovation and skills, today delivered his much-trailed speech on higher education funding. The full text was published on the department’s website, and is reproduced below. A shorter version appears on the Lib Dems’ website here.

This is my first attempt to set out my views on the university, and wider, HE sector and my aspirations for it. The background is a very sombre and difficult one, financially. Without doubt the most serious within living memory. David Willetts and I are working together to find a way of dealing with it.

Much

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Vince Cable set to propose graduate tax to replace tuition fees

The BBC reports:

A graduate tax is to be proposed by the Business Secretary Vince Cable, in a keynote speech on the future funding of higher education. This would mean students in England would repay the costs of going to university through taxation once t hey began working. A review of tuition fees and student finance is due to report in the autumn.

Mr Cable, who has pledged to oppose raising fees, will suggest a graduate tax as an alternative system. This would mean students’ fees being paid by the government to universities – and graduates would then pay a higher

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LibLink: Chris Huhne and Vince Cable – The green economy is still viable

Over at The Independent today, Lib Dem cabinet ministers Vince Cable and Chris Huhne argue that the Coalition Government’s plans to set up a Green Investment Bank, announced in the Budget, are of huge significance for establishing a successful green economy in this country. Here’s an excerpt:

… there is much to be decided about how this might work. Bob Wigley’s comprehensive review of the issue, published last week, sets out one possible model – a commercially independent bank given clear overarching goals for green investment in new technologies and infrastructure. Innovative green financial products could give an opportunity for individuals,

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The Independent View: The first thing Vince should cut is funding for the arms trade

Vince Cable’s new department, the Department of Business, Innovation and Skills, was saddled with the heaviest round of cuts in the first round of cuts announced by the coalition government. They will have to find £836m of savings in 2010. Meanwhile the rest of us have been asked to participate in a comprehensive spending review.

There is one candidate for cuts that many in the Liberal Democrats and the country at large would be pleased with – an end to government support for arms exports. One way the government helps arms companies sell their weapons to other countries is …

Posted in Op-eds and The Independent View | Also tagged and | 13 Comments

No return to two-party politics, but we need to trumpet our successes

A couple of post-budget polls show post-budget combined support for the coalition parties remarkably steady – one at 59% and the other 56%, but with a move from the Lib Dems to the Tories, with Labour also picking up a bit of support  and “others” squeezed down.

Unsurprisingly, the budget is less popular with Lib Dem voters than Tory voters.  It’s less popular with our activists too.  Most Lib Dems recognise the need for tough action to sort out the mess the nation’s finances are in, and Nick and Vince have been talking about it for long enough.

But the measures in …

Posted in Op-eds | Also tagged , and | 29 Comments

LibLink: Vince on the budget

Vince Cable writes in today’s Guardian with his thoughts on the emergency budget.

It should be no surprise that this is such a tough budget. Last summer, in pamphlets and speeches, Nick Clegg and I both prepared the ground for these difficult choices…

Now, to put it bluntly, Britain is much poorer than we thought we were two years ago but we have public spending levels that assume we are richer…

For me a key test of the budget is whether it is fair as well as tough. The budget is shot through with commitments my party fought for: a £1,000 rise

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PMQs: Prime Minister’s tennis

Posted in PMQs | Also tagged , , , , , , , and | 6 Comments

What Vince Cable doesn’t tell us

Catching up on some political reading after the election, I’ve been reading (or rather listening to) Vince Cable’s The Storm. It’s an enjoyable and easy to follow account of the economic crash, light on jargon but not dumbed down in quality of argument. It does at times feel like it was written rather in a rush (as Vince Cable himself concedes) and partly as a result is more a selection of interesting accounts of different aspects of what’s happened to the economy laid out end-to-end rather than a book with a clear thread of argument running all the way

Posted in Books | 7 Comments

Vince Cable tops popularity poll; Clegg ahead of Cameron

A nationwide survey by PoliticsHome shows that Vince Cable, Business Secretary and outgoing Lib Dem deputy leader, has a higher approval rating from the public than David Cameron.

Deputy Prime Minister Nick Clegg enjoys a clear popularity gap ahead of the Prime Minister, holding an approval rating of 17, compared to David Cameron’s rating of 11.

While the two men both attract the approval of 39% of the public, fewer disapprove of Mr Clegg (22%) than Mr Cameron (28%).

From the Guardian:

The strong rating for Cable will hearten his fans, who were concerned when he announced last week his resignation as

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The Independent View: Will Lib Dem proposals to tackle tax avoidance help save the world?

What can we expect from the Government on tax avoidance and evasion?

Cast your mind back to the Liberal Democrats’ manifesto launch in April. A major theme was the plan to raise £4.6 billion by tackling tax avoidance.

This has been reduced to a single bullet point in the coalition’s Programme for Government, a promise to “make every effort to tackle tax avoidance, including detailed development of Liberal Democrat proposals.”

Vince Cable remains committed, telling the Telegraph soon after his appointment as Business Secretary that, “tackling tax avoidance by businesses is essential and this is an area that I …

Posted in Op-eds and The Independent View | Also tagged , and | 9 Comments

Simon Hughes stands for Deputy Leader as “the life and soul of our party”

Simon Hughes' Deputy Leader flyer
Simon Hughes, MP for Southwark and Old Bermondsey has announced his intention to stand for the position of Deputy Leader of the Liberal Democrats.

From his campaign flyer:

Labour have made it clear they want to rewrite history, ignoring the reality of their time in office. They claim to be the only home for progressive voters. I will not let them get away with it.

My experience representing an inner city constituency tells a different story: of too many broken promises and too many people

Posted in News | Also tagged and | 33 Comments

Vince Cable stands down as Deputy Leader of the Liberal Democrats

Vince Cable has stood down as Deputy Leader of the Liberal Democrats in order to concentrate on his role as Secretary of State for Business, Innovation and Skills.

The text of Vince Cable’s letter to Nick Clegg is below:

Posted in News | Also tagged and | 55 Comments

Daily View 2×2: 13 May 2010

closeup view of velcroGood morning, and welcome to your super soaraway Daily View on this, the first full day of Liberal government in the UK.

Today in 1958, Velcro was trademarked before going on to applications in haberdashery and space travel.

Birthday boys today include Arthur Sullivan, Armistead Maupin and Stevie Wonder.

2 Big Stories

There’s no doubting from the papers that today is all about the new inhabitants of Downing Street. From a Lib Dem perspective, there’s wor Vince, about to wage war on the banks. Or is he? Does the update to the Guardian’s article, filed 90 minutes after the article itself, herald the first hint of trouble in Paradise?

City is right to fear Vince Cable

Make no mistake, Cable’s appointment matters. David Cameron could have given him another economic job that would have kept him well away from anything to do with City reform. Last night it was mooted that the MP for Twickenham might be made chief secretary to the Treasury, and thus responsible for the delicate negotiations with Whitehall ministries over spending cuts.

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Coalition ahoy

News trickling in that the Conservatives have offered the Liberal Democrats a coalition. The Lib Dem parliamentary party and Federal Executives, without whom a coalition cannot be ratified, are currently meeting to consider it.

There’s even talk of an emergency Special Conference this weekend which will mean conference representatives across the country pricking their ears up.

But the rolling news media are considering it a done deal already.

Amongst the headlines are that Nick Clegg will serve as Deputy Prime Minister, Danny Alexander as Secretary of State for Scotland, along with three other Lib Dems in the cabinet and a further …

Posted in General Election | Also tagged , , , and | 98 Comments

LibLink: Vince Cable on one liners, air rifles, and Alesha Dixon

Over at ShortList.com, there’s an interview with Lib Dem deputy leader Vince Cable, which notes that his winning appearance on Channel 4’s Ask the Chancellors helped start the Lib Dems’ 2010 election bandwagon. Here are just a couple of the questions asked and answers given:

So, did you enjoy the first chancellors’ debate?
I didn’t enjoy it – that’s not the word I’d use. I felt increasingly confident as it went on. I felt I had the right arguments and the audience was on my side. It is quite tricky, trying to concentrate on the other two and what they’re saying and

Posted in LibLink | 1 Comment

LibLink: Vince Cable – The Gaffe: it’s a spectre that haunts us all

Over at the Daily Mail, Lib Dem shadow chancellor Vince Cable takes a look at the hard reality of being a politician during a gruelling election campaign. Here’s an excerpt:

Mostly elections are a punishing schedule of interviews, meetings, encounters with voters and lots of travel. I am often asked if I enjoy it. It seems ungracious to say no but enjoy is not the word I would choose. Perhaps there is a parallel with extreme sports, the same combination of adrenaline and the knowledge that disaster is potentially just seconds away.

Vince then gives us an insight into his last …

Posted in General Election and LibLink | 2 Comments

Tory tax priorities: spend £6 billion on the wealthiest 0.8% in the UK

Small wonder that Tory leader David Cameron publicly rowed back on his inheritaance tax cut for millionaires in last week’s televised debate – Lib Dem research released today shows the Tories’ promise would:

  • cost £6bn over the course of the next Parliament;
  • is aimed at the wealthiest 0.8% of estates in the UK; and
  • would benefit 3,000 of the wealthiest estates in the country every year by almost £250,000

As Vince Cable points out:

At a time when the gap between the richest and poorest is so great, it beggars belief that David Cameron wants to give the

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What does Vince Cable do on Hounslow High Street?

The answer to that, and a fair few other questions, is to be found in the interview conducted by ShortList with Vince Cable. Here’s a sample:

What’s your relationship like with your opposite numbers?
It’s perfectly cordial. There’s no personal animosity. We’re not close, but if I meet George Osborne in corridor I’ll say hello. It’s pleasantries – no nastiness.

Who do you prefer: Gordon Brown or David Cameron?
Well, I don’t prefer either of them. They’re both very disappointing in differing ways. Brown’s whole reputation was based upon economic competence, yet we’ve had the mother of all busts. Cameron has charm, but where’s

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Vince Cable’s speech to the Institute of Directors

This is what Vince said earlier today:

This building commemorates Britain at the peak of its economic power and glory. We are still an important country with much to be proud of. But that power and the glory have faded. And we are currently in a serious economic mess.

The current economic model is broken. It relied on consumer spending, financed by heavy borrowing and low savings; investment in property rather than production; rapidly expanding public spending based on temporary windfalls from oil, then financial speculation; and growth over-dependent on the fickle fortunes of the banking industry. Any party which does not …

Posted in News | 5 Comments

LibLink: Cable in Mail

Vince Cable’s regular slot in the Mail on Sunday was out yesterday; here’s a brief extract:

I have been going on for ages about the way banks exploit the taxpayer guarantee. One simple step is to make them pay for it out of profits, and I was pleased to see the IMF recommend not one but two taxes: one to fund taxpayer guarantees for future support, the other on excessive pay and profits.

But I disagree with the IMF’s belief we must wait for other states. Britain is much more exposed to the risk of a fresh collapse, and we must

Posted in LibLink | Also tagged and | 1 Comment

Vince on 0.2% growth: “the promised recovery is barely visible”

It’s official: the UK economy has enjoyed a second quarter of growth, as the BBC reports:

The UK economy continued to recover from recession in the first three months of the year, according to official estimates. GDP grew by 0.2% between January and March, the Office for National Statistics (ONS) said.

Here’s what Lib Dem shadow chancellor Vince Cable had to say – in text:

These figures show that the promised recovery is barely visible. There is a real danger of the UK going into a double dip recession. As people deal with their own debts and as the banks continue to strangle good British businesses by starving them of credit the recovery will remain fragile.

“The British economy has had a massive heart attack – it has just emerged from the intensive care unit into the recovery ward. The worst possible action is the Tory proposal to pull out the drip-feed when the patient is still in a critical condition.

“Not only must we tackle the deficit in a considered and rational fashion, we must also ensure that we support jobs and infrastructure as well as making sure businesses get the credit they need to drive growth in the economy.”

And on video:

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Factoid: Clegg now more popular than Cable

Of some passing interest is this little factoid that Politics Home press released last night:

In PoliticsHome’s weekly tracker, Nick Clegg has become the most popular politician in the country

Nick Clegg’s approval rating in PoliticsHome’s weekly tracker has risen by a massive 35 points in the week following the first leaders’ debate.

He has now overtaken Vince Cable to become the most popular politician in the country.

Where to start with the interestingness? Most popular politician in the country? A mixed acolade at best. Yeah, he’s popular, but he’s still one of those awful politicians.

Risen by a massive 35 points? …

Posted in Humour | Also tagged , and | 5 Comments

Lib Dem general election manifesto: round-up of our coverage

The launch of a party’s general election manifesto is a big story, so we’ve been covering it in a series of posts here on The Voice in the last 24 hours. If you’re just catching up on our coverage now, here’s a summary of the posts:

Posted in General Election and Party policy and internal matters | Also tagged and | 5 Comments

A tale of two Shadow Chancellors

Two party leaders.

Two manifesto launches.

Two questions asking about financial details.

Two leaders turning to their Shadow Chancellor.

One Shadow Chancellor answers the question straight away.

One Shadow Chancellor, er…, despite having advanced warning is still flipping through the paperwork in front of him when the party leader turns to him and can’t answer the question.

Can you guess which was Vince Cable and which was George Osborne?

Here’s a clue:

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