Vince Cable Quotes About Economy
-
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.
→ -
There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people.
→ -
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.
→ -
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.
→ -
We need a new British business bank with a clean balance sheet and an ability to expand lending rapidly to the manufacturers, exporters and high-growth companies that power our economy. Today I can announce we will have one.
→ -
I clearly believe a lot more than some of my coalition colleagues - Tories - in redistribution and using the tax system for that purpose. I also believe in the government having an active role in the economy, which is having an industrial strategy. I'm not a believer in laissez-faire.
→ -
On banks, I make no apology for attacking spivs and gamblers who did more harm to the British economy than Bob Crow could achieve in his wildest Trotskyite fantasies, while paying themselves outrageous bonuses underwritten by the taxpayer. There is much public anger about banks and it is well deserved.
→
Related Authors
-
Kenneth Clarke Former Minister without portfolio -
Iain Duncan Smith British Politician -
Jeremy Hunt British Politician -
George Osborne British Politician -
Michael Gove British Politician -
Ed Balls British Politician -
Chuka Umunna British Politician -
Menzies Campbell British Politician -
David Cameron Prime Minister of the United Kingdom -
Alistair Darling British Politician -
Ed Miliband British Politician -
David Willetts British Politician -
Tim Farron British Politician -
Gordon Brown Former Prime Minister of the United Kingdom -
Paddy Ashdown British Politician -
Nick Clegg Deputy Prime Minister of the United Kingdom -
Theresa May British Politician -
Charles Kennedy British Politician -
Edward Davey British Politician -
Queen Elizabeth II Monarch