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Many of our problems are home-grown. Gordon Brown regularly advised the rest of the world to follow his British model of growth. But the model was flawed. It led to the highest level of household debt in relation to income in the world.
Vince Cable
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Vince Cable
Age: 81
Born: 1943
Born: May 9
British Politician
Economist
Politician
Jórvík
John Vincent Cable
Vincent Cable
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Brown
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More quotes by Vince Cable
For wide swaths of training and education there are valuable spillovers which mean that the private sector needs support from the government. That is why I have been so determined to protect and grow apprenticeships and put higher education on a sustainable footing.
Vince Cable
And humility in politics means accepting that one party doesn't have all the answers recognising that working in partnership is progress not treachery.
Vince Cable
The two policies that Ken Clarke is most famous for are his opposition to the Iraq war and being a very defensible and quite courageous pro-European. These are both policies he shares with us.
Vince Cable
Fundamental renegotiation is very, very unlikely to produce any significant change
Vince Cable
We have sectors of the economy, aerospace is a good example, where Britain's probably the second country in the world, the automobile sector, where we've done extraordinarily well, an enormous amount of investment over the last couple of years, life sciences is another.
Vince Cable
I am a bit of a lefty on some issues.
Vince Cable
So I went into government with a clear mind about what the problems were, and what needed to be done.
Vince Cable
Much of the shadow banking sector, a major contributor to the economic crisis, was also only possible because of taxhaven secrecy.
Vince Cable
I don't feel comfortable with luxury, and I try to stay fairly normal.
Vince Cable
My time at Shell was a most valuable experience because it taught me to look at the world in a long-term way. Shell takes a 20-year view on events and plans for different scenarios. It makes you see the world as a kind of large matrix.
Vince Cable
Taxes shouldn't be higher they should be fairer. We must be a party that's disciplined. We must make tough choices.
Vince Cable
Well, as I said, you know the issue of Greek debt, they've grasped the principle of debt reduction. I think most people would argue that probably more needs to be done on that front, and they've just begun to take the first steps to accepting that there's going to have to be much closer economic integration in Europe.
Vince Cable
I have managed to infuriate the bank bosses acquire a fatwa from the revolutionary guards of the trades union movement frighten the 'Daily Telegraph' with a progressive graduate payment and upset very rich people who are trying to dodge British taxes. I must be doing something right.
Vince Cable
Our workforce is very co-operative, very flexible, easy to work with and one of the big selling points. The idea that Britain is still back in the labour market of the '70s is utterly bizarre.
Vince Cable
Housing associations have fingered the fact that they cannot use their assets as liquidity due to Bank of England rules unlike their continental equivalents. This has emerged to be one of the main bottlenecks to getting investment going in the U.K. It is a Bank of England issue.
Vince Cable
The real problem at the moment is that the banks - because of their existing culture, which is frankly anti-business, obsession with short-term trading profits, not focusing on the long term - are throttling the recovery of British industry.
Vince Cable
I think what is happening is I think first of all there is confidence in the U.K. economy. We're in a German rather than a Greek position in international financial markets, which is very positive and keeps our debt service costs down, and we're also beginning to see real evidence of rebalancing.
Vince Cable
These 'masters of the universe' must be tamed in the interests of the ordinary families whose jobs and livelihoods are being put at risk. The Tories won't say anything about the current crisis as they are completely in the pockets of the hedge funds.
Vince Cable
The economy has become seriously unbalanced. Its growth has not been driven by investment or by overcoming Britain's long-standing weaknesses in investment and productivity, particularly skills. Instead, there has been a binge of debt-financed consumer spending.
Vince Cable
I know it sounds trite but I wanted to make a difference. Political debates with my father had been fraught because he was uncompromising and explosive but if he taught me one thing it was to air my views.
Vince Cable