October 20, 2011

Vince Cable voices double-dip recession fears

by Jan Harris

Business secretary Vince Cable told ITN news viewers last night that the UK economy is now in a worse state than it was under Labour and a double-dip recession could not be ruled out. However, he was optimistic that the government would be able to turn things around. Mr Cable, who was speaking one year […]

October 13, 2011

Government boosts economy with £140m innovation investment

by Jan Harris

Business Secretary Vince Cable has announced the opening of the first Technology Information Centre (TIC). The manufacturing TIC will be part of a wider network of seven TICs, which are part of the government’s efforts to stimulate growth in the UK economy. The Technology Strategy Board is investing £140 million over six years to support […]

September 19, 2011

Vince Cable attacks excessive fat cat pay

by Kay Mitchell

At his keynote speech to the Liberal Democrat conference, Business Secretary Vince Cable is today expected to say that shareholders should have more of a say when it comes to bonuses paid to executives. He is also expected to outline plans which will force firms to disclose their excessive pay packages. Mr Cable is expected […]

September 16, 2011

Vince Cable supports fresh round of QE

by Kay Mitchell

Business Secretary Vince Cable has today said the Bank of England should consider a fresh round of quantitative easing (QE) to stimulate the economy. A recent slew of weak data has also led some analysts to believe that the central bank will consider further QE – also known as printing money. In a pamphlet published […]

June 8, 2011

Vince Cable threatens action over lending to SMEs

by Jan Harris

Business secretary Vince Cable has called the level of bank lending to SMEs ‘disappointing’ and said further action would be taken unless it improves. Banks are currently lagging behind on SME lending targets agreed under the Project Merlin agreement between the government and the UK four largest banks as well as Santander. The banks lent […]

June 11, 2010

ICAS calls for easier funding for SMEs

by Jan Harris

The Institute of Chartered Accountants of Scotland (ICAS) has asked Vince Cable to ensure that his plan to cut the budget deficit does not detrimentally affect small businesses. In a letter to Dr Cable, ICAS asks for regulation to be reduced and bank funding increased. The organisation wants the government to put pressure on banks […]