Latest Vince Cable News

  • Shaming companies with pay transparency is not enough to close the gender pay …
    Shaming companies with pay transparency is not enough to close the gender pay … Tue, Jul 14, 2015

    The Equal Pay Act might have been in place in the UK for over four decades but the gender pay gap is Britain is one of the worst in Europe. In a move to close the pay gap in a generation, Prime Minister David Cameron has announced every large company will have to publish the difference between the average pay of female and male employees. The motherhood penalty is one of the key prejudices underpinning the UK's gender pay gap. More »

  • Gender pay gap: Shaming companies with pay transparency is not enough
    Gender pay gap: Shaming companies with pay transparency is not enough Tue, Jul 14, 2015

    The Equal Pay Act might have been in place in the UK for over four decades but the gender pay gap is Britain is one of the worst in Europe. In a move to close the pay gap in a generation, Prime Minister David Cameron has announced every large company will have to publish the difference between the average pay of female and male employees. The motherhood penalty is one of the key prejudices underpinning the UK's gender pay gap. More »

  • Lobbying probe ex-MPs given passes
    Lobbying probe ex-MPs given passes Tue, Jul 7, 2015

    Dozens of former MPs, including two ex-ministers under investigation for lobbying allegations, have been granted privileged access to Parliament since the general election. More »

  • Ex-Tesco Marketer Lines Up Clubcard Arm Bid
    Ex-Tesco Marketer Lines Up Clubcard Arm Bid Thu, Jun 25, 2015

    The marketing executive who helped to forge Tesco’s transformation into the UK’s biggest retailer has been enlisted to spearhead a bid for the supermarket giant’s Clubcard loyalty arm. Sky News has learnt that Tim Mason, who left Tesco in 2012 after leading its ultimately unsuccessful attempt to enter the US grocery market, is working with BC Partners, a private equity group, on an offer for Dunnhumby. As Tesco’s marketing director and latterly its deputy chief executive, Mr Mason oversaw the customer insight work undertaken by Dunnhumby and its husband-and-wife founders, Edwina Dunn and Clive Humby. More »

  • Clegg: I Reached For Cigarette After Exit Poll
    Clegg: I Reached For Cigarette After Exit Poll Thu, Jun 25, 2015

    Nick Clegg has said the first thing he did when the exit polls were out on election night was to reach for a cigarette. In the first interview since he stepped down as Liberal Democrat leader following the disastrous result for the party, he said could not believe the results could have been so bad. Mr Clegg said he had been with his wife in his Sheffield constituency when the poll indicated a near wipe-out for the Liberal Democrats - they went from having 57 seats to just eight. More »

  • Ministers To Sell Stake In State's Green Bank
    Ministers To Sell Stake In State's Green Bank Sun, Jun 21, 2015

    Ministers are poised to sanction an inaugural sale of shares in the Government's Green Investment Bank (GIB), a state-backed lender to green infrastructure projects, in a move that will accelerate the Conservatives' £50bn post-Election privatisation spree. Sky News has learnt that advisers from Bank of America Merrill Lynch have been drawing up plans with Whitehall officials to sell a stake in the GIB, which has funded dozens of waste and energy ventures since its launch in 2012. Insiders said that details of the plan could be included in George Osborne's Emergency Budget on 8 July. More »

  • PM To Refresh Line-Up Of Business Advisors
    PM To Refresh Line-Up Of Business Advisors Tue, Jun 16, 2015

    David Cameron is to part company with some of his top business advisors as he seeks to address industry's concerns about the implications of a possible British exit from the European Union. Sky News understands that Downing Street officials have begun discussing a shake-up of the Prime Minister's Business Advisory Group (BAG) with a view to reconstituting it later this year. Sources said that at least some of those who were members of the panel would not be asked to resume their roles, which involve meeting four times a year to discuss major economic issues. More »

  • Royal Mail Delivers TUI Boss Long As New Chair
    Royal Mail Delivers TUI Boss Long As New Chair Tue, Jun 2, 2015

    Sky News can reveal that Mr Long, the co-chief executive of Germany-based TUI AG, has been selected by the postal group’s board to replace Donald Brydon, who announced in January that he would step down this year. Mr Long is an unexpected choice for the Royal Mail role, although he is an experienced boardroom operator, having served as a director of companies such as Rentokil Initial. He will take over two years after the company’s £3.3bn privatisation sparked a political furore, with accusations that Vince Cable, the then Business Secretary, had allowed Royal Mail to be sold too cheaply. More »

  • Margareta Pagano: Sir Owen Green and Fidelity lead 'greed isn't good' …
    Margareta Pagano: Sir Owen Green and Fidelity lead 'greed isn't good' … Thu, May 28, 2015

    Almost 12 years ago to the day, Sir Owen Green, who had just retired as chairman of Britain's highly successful BTR conglomerate, launched the most devastating attack on the excesses of boardroom pay. More critically, the fund managers are said to be specifically looking at ways to simplify and also block the abuse of long-term incentive plans, known as L-tips. More »

  • City Chiefs Hold Secret Talks On Pay Revamp
    City Chiefs Hold Secret Talks On Pay Revamp Wed, May 27, 2015

    Top City fund managers are holding secret talks about an overhaul of boardroom remuneration structures, amid concern that binding shareholder votes have failed to put the brakes on runaway pay packages. Sky News has learnt that the Investment Association, whose members control well over £5trn in assets, has in recent weeks begun assembling a major campaign to revamp the pay structures employed across corporate Britain. People close to the project said that fund managers had expressed particular concern about the complexity of long-term share awards which can often constitute well over half of a chief executive's annual remuneration. More »

  • UK Brewer Whitbread Appoints Brittain Chief
    UK Brewer Whitbread Appoints Brittain Chief Fri, May 22, 2015

    Whitbread, has named Alison Brittain as its new chief executive, succeeding Andy Harrison who confirmed his retirement last month. Brittain, who is currently group director of Lloyds’ retail division, will join the company at the beginning of January 2016. Prior to her current role at Lloyds, Brittain held senior roles at Santander UK and Barclays and is a non-executive director of Marks & Spencer. More »

  • 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 »

  • 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 »

  • 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 »

  • 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 »

  • 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 »

  • 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 »