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Iain Dale's Diary (Free subscription) | yesterday
Vince Cable at the LibDem Conference "The Government must not compromise the independence of the Bank of England by telling it to slash interest rates and generate another dangerous inflationary ‘bubble'." Vince Cable on Sunday "What is required is for the chancellor to write to the governor saying that on a temporary emergency basis the committee should assume a central role in countering the crisis...
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Boggartblog (Free subscription) | yesterday
As Parliament debated the financial crisis and the meltdown in global stock markets yesterday; as Lib Dem Financial Affairs spokesman Vince Cable again showed himself to be the only sane politician in the world, the only positive suggestion regarding what may be done to resolve the situation came from an unexpected source. The most senior member of the House both in age and years service seldom sullies...
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First Drafts (Free subscription) | yesterday
Winners 1) Vince Cable 2) Robert ‘Scoop’ Peston 3) Sky News (which other news channel ran the FTSE and Dow Jones figures on screen through their bulletins) 4) Jeff Randall 5) Jon Stewart 6) Gordon Brown (’this is no time for novices’) Losers 1) US Treasury Secretary Paulson (shmendrick) 2) President Bush (rabbit in the headlights award) 3) Jeremy ‘Figures’ Paxman 4) Stephanie Flanders (where is [...]...
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Andrew Allison (Free subscription) | 06/10/2008
Yesterday, on the Andrew Marr Show, Vince Cable argued interest rates should be cut by 2% in order to restore some confidence in the economy. A sound idea, and I read what he had to say in full in The Sunday Times earlier. When Marr turned to Shadow Chancellor, George Osborne, I assumed he would agree. To my surprise and dismay, he disagreed. I was talking to a fellow activist over dinner last week...
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Liberal Democrats (Free subscription) | 06/10/2008
Liberal Democrat Shadow Chancellor, Vince Cable has called for the Government to be clearer in its response to the financial crisis. Speaking after Alistair Darling pledged to do whatever was necessary to support the banking system, Mr Cable called for all parties to work together in the national interest. He insisted it was “not a time for recrimination about past mistakes”, but argued that the Government...
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Liberal Democrat Voice (Free subscription) | 06/10/2008
Life has been a little quieter this week as the Conference season concludes, the world comes to the brink of financial meltdown and Dr Pack sets off on his tour of the world’s paperclip factories. Our own Vince Cable gave his thoughts on the economy, kicking off a Lib Dem campaign to highlight our plans for [...]
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The Yorksher Gob (Free subscription) | 05/10/2008
I'm listening to Feedback on Radio 4. They just played Evan Davies' finest hour again, in full, and two nice long comments from listeners about how awesome it was to hear George Osbourne skewered like that. Win, radio 4. Epic win. Speaking of Epic Win, Stephen Gillan has posted an Ambitious Aquatic Analogy of British Politics on Lib Dem Voice. It's awesome. All together now? We all live in a yellow...
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BrothersJudd Blog (Free subscription) | 05/10/2008
To halt the bank tsunami, slash interest rates (Vince Cable, 10/05/08, Times of London) Fortunately there are lessons to be learnt from previous financial tsunamis. The first relates to monetary policy. There is now a severe monetary squeeze taking place, even though official interest rates are negative in real terms in the United States and low elsewhere, including Britain. Banks are hoarding cash...
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Slugger O'Toole (Free subscription) | 05/10/2008
In the blizzard of Sunday coverage about “staring into the abyss” etc., two pieces in the UK stand out and a couple in Ireland, on what looks like an emerging consensus to recapitalise the banks. The Lib Dems’ Vince Cable by common consent the best Chancellor we haven't got, has quietly anticipated the programme Alistair Darling is expected to touch on next Wednesday. Extracts: “One step would be to...
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TalkCarswell.com (Free subscription) | 05/10/2008
"Cut interest rates!" everybody cries. When the Bank of England Monetary Policy Committee meets on Thursday, they'll be under intense pressure to lower the cost of borrowing. Vince Cable , the CBI and all the supposed experts on the BBC seems to suggest lower interest rates are the answer. I'm more sceptical. Why? This financial crisis was caused by interest rates being set too low for too long. The...
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Les Bonner (Free subscription) | 02/10/2008
Commenting on Nationwide figures showing that house prices fell by 1.7% in September, Liberal Democrat Shadow Chancellor, Vince Cable said: “Day after day we hear yet more bad news for the housing market, as people continue to feel the pinch from Britain’s struggling economy.” Vince Cable continued, saying: “Millions of families are struggling to make ends meet, [...]
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Jonathan Fryer (Free subscription) | 02/10/2008
Deep in the Tory heartland of the Notting Hill set, Vince Cable gave his perspective on the current financial crisis to a standing-room only Food for Thought event put on by Kensington and Chelsea Liberal Democrats this evening, compered by the former Strictly Come Dancing producer and local party chair, Robin Meltzer. Regular viewers [...]
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Little's Log (Free subscription) | 02/10/2008
A great line from Danny Finklestein on Newsnight tonight to suggest that the Tory plan to back the government is a political ploy. Well, at least the Conservatives have a ploy and are sticking to it. Yesterday LibDem Vince Cable issued a damning press release attacking both the Tories and Labour; but within hours had changed his story and said all parties need to work together. Come on, Cable - you're...
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Liberal Democrat Voice (Free subscription) | 01/10/2008
Interviewed for BBC News, the Lib Dem deputy leader and shadow chancellor Vince Cable was asked if the UK is now in recession: “It does look like it. The figures on manufacturing are particularly worrying. The fact that they are declining shows that we’ve got a serious real economic fall out. We do have a lot [...]
