Vince Cable spewed venom at the capitalists, while speaking in a conference of Anglo-Germans. The Business Secretary of the Liberal Democrats was all arms against capitalists, by calling them gamblers of the city.
The statements made by Cable, have led to an angry reaction from all corners of the capitalist word. The previous Chief of the Confederation of British Industry, Digby Jones commented that Mr. Vince Cable was out of his sane mind and shouldn’t be raising such astounding accusations.
At the Lib Dem conference, Vince Cable declined to apologize for his criticism to the undue bank bonuses paid to "spivs and gamblers". Along with laying emphasis on the importance of private enterprise for the sustenance of economic recovery, he ridiculed the capitalism that snubs competition.
Last month, the announcement for the privatization of the Royal Mail was made. At the conference, he declared to offer 10% of the concern's shares to the staff of Royal Mail and termed it as the largest employee share scheme for
There had been huge concerns following the Britain's business world and the limitations that have been put on the Companies for the recruitment from non-EU countries.
A decision therefore has been made by the Government to put a permanent cap from April so that the Companies can have a more supple approach. The Prime Minister's Spokesman, Mr. Cable said that he was very sure than thee plans would not pose any danger.
According to this new plan, the European Union law will now restrict the entry of migrants from most of Europe, which earlier was not blocked.
The Government’s plan of privatization of the Royal Mail had triggered resentment in its employees.
The Communication Workers Union has identified the 71 MPs having smallest majority and has listed them all.
In a major and a very strange move in itself, the union has mobilized the local people to convince their MP’s either to vote against privatization else be ready for the defeat in the coming elections.
An 84-page dossier seen in Daily Mail carries the list of all MP’s along with their contact numbers and CVs.
Britain’s Business Secretary Vince Cable confirmed that the coalition government has plans to slash science funding; however, he didn’t indicate the size of the potential cuts.
In his first speech on science at Queen Mary University, London, Mr. Cable said scientific performance should not be estimated by the financial aid given by the government.
Addressing an audience of senior scientists, Mr. Cable said, “Money is important both for the quantity and quality. But it is an input, not an output, measure. The question I have to address is can we achieve more with less."
The UK Business Secretary Vince Cable has unveiled his new banking reform plans, which would increase pressure for the banks to increase their lending for the small sized firms. He has said that the banks had to lend more to the good small companies of UK.
He has also pointed out two issues, the bonuses and dividends as the major part in the approach to boost the lending for the small firms. He has also said about the joint consultation papers signed with the Treasury to increase the cash flow for the businesses.
Business Secretary Vince Cable will warn banks today that they will face greater government regulations if they don't lend more to cash-trapped businesses and slash bonuses.
Mr. Cable and others are of the view that shortage of credit for the private sector businesses will hurt economic recovery as is squeezing the public sector by announcing spending cuts worth more than six billion pounds in a bid to hack budget deficit.
The government has decided to machete four ventures altogether of Quangos, that costs more than £8.6m a year to proceed, as part of its post-election amass in the public sector domain.
According to the business secretary Vince Cable the efforts of these publicly financed, non-government groups might be in use over by government division, crafting them more liable and curtailing administrative costs.
Though the Institute for Government has swayed warning signals for the preceding week that slashing the figures of arm's-length group shall not essentially guiding the way to savings.
On Monday the business Secretary Vince Cable blamed the financial institutions of splitting off patrons with heavy overdraft interest charges as he promised the government might streamline the banking system.
Cable expressed that since the BBC research explored that the banks are dashing a standard of 167 percent interest rate on illegal overdrafts.
Further the BBC also explored out that the banks are expecting an average 32 percent interest over the official overdrafts, in spite the marketed rates of approximately 19 percent.
The UK Business Secretary Vince Cable On Friday sketched suggestions to fund the higher education via graduate tax.
At present the Scottish students doesn't pay their tuition fees at the Scottish universities.
But now the universities in Scotland feels that minor level of financial support shall make it much difficult for the students to compete.
Mr Russell expressed that he might chalk out a tailored plan that shall exclusively be for the Scotland domain.
The Business Secretary Vince Cable has announced that the graduation students will have to pay more fees to the universities after introduction of the graduate tax.
The secretary has asked Mr. Lord Browne to review the idea of graduation tax as a major issue in his current review on higher education funding in UK. This will enable the students to pay for their studies by tax system instead of paying through loans.
Britain’s Business Secretary Vince Cable has endorsed report that recommends that the investment banks should be broken up.
The cross-party Future of Banking Commission report has urged the government to consider a break up of the big integrated banks.
It may be noted here that considerably big banks such as Royal Bank of Scotland, Barclays and Lloyds Banking Group own both retail as well as investment banking business. Their huge size made it hard for government to handle during recent recession.
In the orange corner: Nick Clegg, the young and lively leader who is an expert in leaping out of bed to be decent in front of the nation's journalists at 07:30. He is almost 3,000% fresher than what Charles Kennedy was in the year 2005.
In the other orange area: Vince Cable, the man whose blend of delightful frankness and aged intelligence saw him thrash, the other two Treasury spokespersons in the first broadcasted argument.