Vince in talks with Treasury, ready to serve as Chancellor

In what’s believed to be unprecedented in recent times, Vince Cable has held talks with Nicholas Macpherson, the big cheese at the Treasury, about Lib Dems economic policies and what might happen in the event of a hung/ balanced parliament.

Cable was unaware of such meetings having taken place with Lib Dem shadow chancellors before previous general elections. The talks were a sign that the Treasury was “taking seriously” the prospect of his party playing a leading role in economic policy in what could be the first hung parliament since 1974.

Vince has also declared himself ready to serve as chancellor in a hung parliament. Although that raises questions over how he might end up in such a situation, it certainly focuses the mind on whether Vince Cable or George Osborne would make the better chancellor.

Cable, whose credibility has grown throughout the economic crisis, made clear that, if he was to be offered the chancellorship in a hung parliament, he would jump at the chance. He did not want to be “the most unpopular person in Britain” as public spending is slashed, he said, but added: “I wouldn’t be in this business if I wasn’t willing to take the responsibility if it was to come my way.”

Read more by or more about , or .
This entry was posted in News.


  • Tony Greaves 21st Mar '10 - 11:45am

    The problem with the long run-in to the election is that newspapers are searching for ever dafter fantasy stories.

    Tony Greaves

  • Anthony Aloysius St 29th Mar '10 - 1:20pm

    “Mr Cable earlier this month claimed to have been consulted by the Treasury about his party’s policies and suggested the talks were a prelude to his becoming Chancellor in the event of a hung parliament.
    It later emerged that the meeting with Sir Nicholas McPherson, the permanent secretary at the Treasury, had been a “courtesy call” requested by Mr Cable himself.
    Mr Cable’s presentation of the event angered Treasury officials, and the Lib Dem has now written to Sir Nicholas to apologise.”

    Oh dear oh dear.

One Trackback

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

Please complete the name of this site, Liberal Democrat ...?


Recent Comments

  • Joseph Bourke
    It has always been something of a puzzle that British civil servants have been able to establish practical governance and institutional arrangements in places l...
  • Catherine Royce
    Its very clear as a UK citizen ( which she certainly is) she must be able to return to the UK to face investigation and whatever follows. None of us know whethe...
  • Peter Hirst
    Perhaps we can learn from Germany's recent history while not copying its earlier atrocities. Human rights and the protection of minorities is the cornerstone of...
  • Peter Hirst
    The least this government can do is grant all those living in the UK full political rights as soon as possible. If self government means anything it must imply ...
  • Peter Hirst
    One result of the 2019 GE was that the government is no longer reliant on the DUP for governing. I suspect we are heading for a long term special relationship f...
Thu 11th Mar 2021