Latest Vince Cable News

City Chiefs Hold Secret Talks On Pay Revamp

City Chiefs Hold Secret Talks On Pay Revamp

Top City fund managers are holding secret talks about an overhaul of boardroom remuneration structures, amid concern that bin…

  • David Cameron fails to distract from immigration figures embarrassment with …
    David Cameron fails to distract from immigration figures embarrassment with … Thu, May 21, 2015

    David Cameron's major policy speech on immigration was overshadowed after official figures showed that the prime minister's net migration target of "tens of thousands" had moved an order of magnitude out of reach. The Office for National Statistics (ONS) revealed that net migration had surged to 318,000 in 2014, up from 209,000 in 2013 and triple Cameron's less than 100,000 pre-election pledge. The research body also said there was a "statistically significant" hike in the number of immigrants from the EU as 641,000 people from the union travelled to the UK in 2014, up from 526,000 in 2013. More »

  • RBS Accuser Embroiled In £3m Silverstone Row
    RBS Accuser Embroiled In £3m Silverstone Row Mon, May 18, 2015

    The entrepreneur who led a crusade against Royal Bank of Scotland (RBS) over its treatment of struggling small businesses has been accused of forcing a supplier to Britain's premier motor racing circuit into administration. Sky News can reveal that Lawrence Tomlinson, who served as the former business secretary Vince Cable's entrepreneur-in-residence during the last parliament, is named extensively in legal papers filed this month at the High Court. The claim has been lodged by Manolete Partners, a litigation funding group, which has taken on a case originally brought by Silverstone Hospitality, which provided catering services to the Northamptonshire venue. Silverstone Hospitality's contract was terminated last December by the British Racing Drivers' Club (BRDC), the owner of Silverstone Circuits and on whose board Mr Tomlinson sat at the time. More »

  • Margareta Pagano: Labour leadership bidders, John Lewis has answers on distributing …
    Margareta Pagano: Labour leadership bidders, John Lewis has answers on distributing … Fri, May 15, 2015

    All of Labour's aspiring leaders, including the likes of Tristram Hunt, keep trotting out the same old canards claiming Labour lost because the party bashed the rich too much and didn't appeal enough to the striving middle classes. Chuka Umunna, who was one of the few aspirants to have declared himself to be a contender before he dropped out from the race, suggests that if only Labour had done more to show it is on the side of the wealth creators, that it really does like small businesses and has no problem with good bankers, only the size of their bonuses, then all would be hunky dory. More »

  • David Cameron victory brings relief for small businesses - and Sajid Javid is …
    David Cameron victory brings relief for small businesses - and Sajid Javid is … Thu, May 14, 2015

    No matter who you voted for, there's no denying winning a majority government is an amazing achievement for the Conservative party. Now we are able to diminish feelings of uncertainty, I have high hopes that Britain's business community will continue to grow stronger and prosper within the next five years. David Cameron's small business rhetoric really won the heart of the business community and his constant referral to small businesses as "the lifeblood of the economy" managed to increase the confidence of entrepreneurs around the country. Businesses want direction and stability and although a majority government for five years will bring this, there is also of course the impending referendum on our status in the European Union to consider. More »

  • Tim Farron Launches Bid To Lead Lib Dems
    Tim Farron Launches Bid To Lead Lib Dems Thu, May 14, 2015

    Tim Farron has confirmed he will stand for the leadership of the Liberal Democrats in the wake of the party's electoral wipeout. Nick Clegg stepped down after the party's representation at Westminster dropped from 57 MPs in 2010 to just eight at last week's General Election. Many of the Lib Dems' former cabinet ministers and potential leadership candidates, including Vince Cable and Danny Alexander, were among the electoral casualties. Mr Farron told Sky News: "Over the last few days, since the frankly devastating results we had on Friday morning, I've been listening to hundreds of members who've been urging me to stand. More »

  • Critical time for Lib Dems - Farron
    Critical time for Lib Dems - Farron Thu, May 14, 2015

    Tim Farron has joined the Liberal Democrat leadership contest, saying the party faces the "fight of our life" to prove it is still relevant. More »

  • Lib Dem leadership race to begin
    Lib Dem leadership race to begin Wed, May 13, 2015

    The Liberal Democrat leadership race will formally begin today as nominations open for the job of rebuilding the party after the devastating losses inflicted at the ballot box. More »

  • PM Tells Cabinet: Give Working People A Chance
    PM Tells Cabinet: Give Working People A Chance Tue, May 12, 2015

    David Cameron has met his new Cabinet for the first time as his Government starts putting together legislation which will be a test of his authority. It followed the completion of his Cabinet , with many of those who had previously been Secretaries of State in the last government staying in place. Top of Mr Cameron's agenda is the referendum on Britain's EU membership, which he has promised by the end of 2017, and negotiating a better to deal for Britain. He has put Chancellor George Osborne in charge of negotiations. More »

  • Lamb highlights Lib Dem failures
    Lamb highlights Lib Dem failures Tue, May 12, 2015

    A Liberal Democrat leadership contender has said a failure to stand up to the Conservatives over the bedroom tax and the loss of trust over tuition fees had undermined support for the party. More »

  • Boris In Cameron Cabinet As PM Finalises Team
    Boris In Cameron Cabinet As PM Finalises Team Mon, May 11, 2015

    Boris Johnson has been included in David Cameron's Cabinet, while a number of women MPs have been given top roles in the final line-up. Mr Cameron announced Mr Johnson, who was elected MP for Uxbridge last week, would be attending Cabinet - but he does not have a ministerial role so he can devote his attention to his final year as Mayor of London. Former banker and previous Culture Secretary Sajid Javid has been given the role of Business Secretary, a role vacated by Liberal Democrat Vince Cable, who held the post for five years and has lost his Twickenham seat. Mr Javid is replaced as Culture Secretary by John Whittingdale, who will deal with the renewal of the BBC charter, which covers how the organisation is funded. More »

  • Lamb to run for Lib Dem leadership
    Lamb to run for Lib Dem leadership Mon, May 11, 2015

    Norman Lamb has confirmed he will be standing for the Lib Dem leadership after being widely tipped as a frontrunner to replace Nick Clegg. More »

  • Political cabinet role for Boris
    Political cabinet role for Boris Mon, May 11, 2015

    Boris Johnson has been handed a role in David Cameron's political cabinet but will not have a ministerial job while he remains mayor of London. More »

  • Election 2015: Meet David Cameron's first all-Tory cabinet
    Election 2015: Meet David Cameron's first all-Tory cabinet Mon, May 11, 2015

    After the Conservative's surprise majority win in the 2015 general election, Prime Minister David Cameron has been busy assembling his first ever all-Tory cabinet. But who has been promoted, who is keeping their place and who will replace ousted Lib Dem ministers such as Vince Cable, Ed Davey and Danny Alexander? More »

  • Cameron names Javid as UK's new business secretary
    Cameron names Javid as UK's new business secretary Mon, May 11, 2015

    Newly re-elected British Prime Minister David Cameron has appointed Sajid Javid as his business secretary, handing the challenge of improving the country's poor productivity record to one of the rising stars of the Conservative Party. Javid, a 45 year-old former investment banker who is the son of a bus driver, was first elected in 2010 and worked closely with Chancellor George Osborne before becoming culture minister in Cameron's first government. Javid worked for Chase Manhattan Bank and Deutsche Bank before starting his career in politics and is widely tipped as a future Conservative Party leader. More »

  • Cameron Reaches Out To Tory Backbenchers
    Cameron Reaches Out To Tory Backbenchers Sat, May 9, 2015

    David Cameron has reached out to Conservative backbenchers in a bid to ensure his slim majority is workable in the House of Commons. The Prime Minister has already held a meeting with Graham Brady, the chair of the 1922 Committee that represents the party's backbenchers. The pair met in Downing Street immediately after the election result on Friday - underlining how important the issue is to Mr Cameron. Mr Brady, the MP for Altrincham and Sale West, told Sky News he was pleased his party would no longer be "constrained" by Lib Dems in a coalition. More »

  • Cameron won big by selling stability over fear
    Cameron won big by selling stability over fear Sat, May 9, 2015

    By Andrew Osborn LONDON (Reuters) - Prime Minister David Cameron sealed a surprise election win by persuading Britons to choose the security of modestly rising living standards over an implausible pretender many feared could become the puppet of Scottish nationalists. Blending the promise of "the good life" fuelled by a strong economic recovery with fear of resurgent Scottish separatists calling the shots in a country they want to break up, Cameron steamrolled the opposition Labour Party and won his party's first outright majority in 23 years. "We've had a positive response to a positive campaign about safeguarding our economy," said Cameron, as if he had always expected to win so emphatically. Before it became clear he had won, some in his centre-right Conservative Party feared he had run a dull campaign that failed to shift apparently tied opinion polls. More »

  • Cameron Promises Britain 'Something Special'
    Cameron Promises Britain 'Something Special' Sat, May 9, 2015

    David Cameron has told voters the UK is on the "brink of something special" as he promised to deliver on all election pledges, including an EU referendum and powers for Scotland. In an extraordinary General Election, which claimed the scalps of three party leaders within 52 minutes, the Conservatives confounded expectations to win outright, returning Mr Cameron to Number 10. Speaking on the steps of Downing Street after a meeting with the Queen at Buckingham Palace, Mr Cameron vowed to be the party of the "working people". He later revealed who would take the senior roles of Chancellor, Home Secretary, Defence Secretary and Foreign Secretary in his Cabinet. More »

  • Votes for dead, penis vote: UK election's odd facts
    Votes for dead, penis vote: UK election's odd facts Fri, May 8, 2015

    Votes for the dead and voting with a penis drawing -- here are some quirky facts from the 2015 British general election: More »

  • The Latest: Obama congratulates Cameron
    The Latest: Obama congratulates Cameron Fri, May 8, 2015

    10:17 p.m. (2107 GMT; 5:07 EDT) U.S. President Barack Obama has congratulated U.K. Prime Minister David Cameron on his victory in the general elections. A statement issued by the White House on Friday, ... More »

  • Lib Dem MP issues leader message
    Lib Dem MP issues leader message Fri, May 8, 2015

    The next Liberal Democrat leader must be someone who defied Nick Clegg over student fees, one of the party's few remaining MPs has declared in an apparent endorsement of Tim Farron. More »

  • The Latest: Kerry congratulates Cameron
    The Latest: Kerry congratulates Cameron Fri, May 8, 2015

    9:10 p.m. (2010 GMT; 4:20 p.m. EDT) U.S. Secretary of State John Kerry has congratulated U.K. Prime Minister David Cameron and his party for defying the polls and winning an outright majority in the elections. ... More »

  • British election upset puts big beasts to the slaughter
    British election upset puts big beasts to the slaughter Fri, May 8, 2015

    By Michael Holden and Kate Holton LONDON (Reuters) - Victory by David Cameron's Conservatives on Friday in one of the most unexpected upsets in British political history has been accompanied by an almost unprecedented electoral bloodbath of dozens of high-profile figures. I'm so sorry for all of those colleagues who lost their seats," said Ed Miliband as he resigned as leader of the main opposition Labour Party, although he remains a member of parliament. In the end, they were battered in England by the Conservatives and humiliatingly hammered in their traditional heartlands in Scotland after a staggering swing to the Scottish National Party, losing all but one of the 41 seats there. Their national election chief in Scotland even lost his seat to a 20-year-old political novice. More »

  • The Latest: David Miliband expresses sympathy for Labour
    The Latest: David Miliband expresses sympathy for Labour Fri, May 8, 2015

    6:20 p.m. (1720 GMT; 1:20 p.m. EDT) David Miliband, Britain's former foreign secretary and brother of defeated Labour leader Ed, has expressed sympathy for his Labour colleagues in Britain's election. ... More »

  • Clegg Resigns In Front Of Weeping Activists
    Clegg Resigns In Front Of Weeping Activists Fri, May 8, 2015

    Nick Clegg has quit as leader of the Lib Dems as activists wept openly after a "catastrophic" election night. Mr Clegg said results had been "immeasurably more crushing and unkind" than expected. Activists sobbed as their resigning leader described results as "the most crushing blow to the Liberal Democrats since the party was founded". Mr Clegg said: "I always expected this election to be exceptionally difficult for the Liberal Democrats, given the heavy responsibilities we've had to bear in government in the most challenging of circumstances. More »

  • The Latest: Cameron reappoints key figures to Cabinet
    The Latest: Cameron reappoints key figures to Cabinet Fri, May 8, 2015

    5:55 p.m. (1655 GMT; 12:55 p.m. EDT) Prime Minister David Cameron has reappointed senior members of his Cabinet after winning a surprise victory in Britain's election. Philip Hammond remains as foreign ... More »

  • Cameron vows to govern for all UK
    Cameron vows to govern for all UK Fri, May 8, 2015

    David Cameron has vowed to govern for the whole of the United Kingdom as he returned to No 10 at the head of a majority Conservative government while the Scottish Nationalists virtually swept the board north of the border. More »

  • The Latest: Osborne, May retain their roles in Cabinet
    The Latest: Osborne, May retain their roles in Cabinet Fri, May 8, 2015

    5:05 p.m. (1605 GMT; 12:05 p.m. EDT) George Osborne, Britain's Treasury chief, has been re-appointed to the role after Prime Minister David Cameron's Conservatives secured a majority in the election. Osborne ... More »

  • The Latest: Bet on Conservative win comes good for pensioner
    The Latest: Bet on Conservative win comes good for pensioner Fri, May 8, 2015

    4:10 p.m. (1510 GMT; 11:10 a.m. EDT) A bookmaker says a retired man who placed a huge bet on Britain's Conservatives winning a majority government has bagged 240,000 pounds ($370,000). Ladbrokes says the ... More »

  • The Latest: Election play gets a rewrite after Tory victory
    The Latest: Election play gets a rewrite after Tory victory Fri, May 8, 2015

    4 p.m. (1500 GMT; 11 a.m. EDT) American strategist David Axelrod, hired by the Labour Party to boost its election campaign, says he is disappointed by the result. Labour lost to the ruling Conservatives, ... More »

  • The Latest: Final tally shows Conservatives with 331 seats
    The Latest: Final tally shows Conservatives with 331 seats Fri, May 8, 2015

    3:40 p.m. (1440 GMT; 10:40 a.m. EDT) A final tally of results from Britain's election shows Prime Minister David Cameron's Conservatives winning a total of 331 of the House of Commons' 650 seats. That ... More »

  • The Latest: British leaders line up for VE day ceremonies
    The Latest: British leaders line up for VE day ceremonies Fri, May 8, 2015

    3:10 p.m. (1410 GMT; 10:10 a.m. GMT) All of Britain's party leaders — both victors and losers — have lined up together in central London to mark the 70th anniversary of Victory in Europe Day. Prime Minister ... More »

  • The Big Names Who Lost On Night Of Shocks
    The Big Names Who Lost On Night Of Shocks Fri, May 8, 2015

    Following a night of seismic results that change the face of British party politics, a host of prominent figures have been on the wrong end of conspicuous defeats. More »

  • Election 2015: Maggie Pagano, Edmund Shing and Stefan Stern discuss the election …
    Election 2015: Maggie Pagano, Edmund Shing and Stefan Stern discuss the election … Fri, May 8, 2015

    Ed Miliband has stepped down as Labour leader while his closest political ally and the architect of his economic policy, Ed Balls, lost his seat and the party was decimated in Scotland, where it lost all but one of its MPs to the Scottish National Party (SNP). Nick Clegg resigned as leader of the Liberal Democrats after seeing the party lose all but eight of its seats, including losses for major figures such as Danny Alexander and Vince Cable. Meanwhile, Nigel Farage resigned as the head of Ukip after failing to win in South Thanet. Following the eventful morning after the election, business and politics journalist Maggie Pagano talks to Edmund Shing, global equity portfolio manager at BCS Asset Management, and Stefan Stern, a business and politics journalist and visiting professor at Cass Business School, about the implications the results will have on the markets, the union with Scotland and the UK's EU membership. More »

  • Election 2015: What happens next? Maggie Pagano, Edmund Shing and Stefan Stern …
    Election 2015: What happens next? Maggie Pagano, Edmund Shing and Stefan Stern … Fri, May 8, 2015

    Ed Miliband has stepped down as Labour leader while his closest political ally and the architect of his economic policy, Ed Balls, lost his seat and the party was decimated in Scotland, where it lost all but one of its MPs to the Scottish National Party (SNP). More »

  • Election 2015: What are the consequences of the results?
    Election 2015: What are the consequences of the results? Fri, May 8, 2015

    Ed Miliband has stepped down as Labour leader while his closest political ally and the architect of his economic policy, Ed Balls, lost his seat and the party was decimated in Scotland, where it lost all but one of its MPs to the Scottish National Party (SNP). More »