Vince Cable Quotes (16 quotes) | Quotes of famous people

Vince Cable: 16 quotes0 likes

Famous Vince Cable Quotes

“The destruction of the British building society movement – or much of it – in the two decades after the late 1980s … was one of the great acts of economic vandalism in modern times. And the commercial banks largely abandoned locally based relationship banking in the decade before the recent financial crisis. There is now no institutional structure in place to offer countercyclical lending, particularly small and medium sized businesses, in place of the banks.”

Vince Cable

Comments on demutualisation of Building Societies http://www.libdemvoice.org/vince-cable-centre-forum-speec-29033.html, 18 June 2012. 2012

“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

Comment's on hedge funds http://blythvalleylibdems.org.uk/news/000037/hbos_brought_to_its_knees_by_hedge_funds_hunting_in_a_pack__cable.html, 17 September 2008. 2008

“The House has noticed the Prime Minister's remarkable transformation in the past few weeks from Stalin to Mr. Bean, creating chaos out of order, rather than order out of chaos.”

Vince Cable

House of Commons' Hansard http://www.publications.parliament.uk/pa/cm200708/cmhansrd/cm071128/debtext/71128-0003.htm#71128-0003.htm_spnew0, 28 November 2007. 2007

“The Robert Mugabe school of economics”

Vince Cable

Context: The big, looming, monetary issue is "quantitative easing": that is, printing money. What happens is that the government borrows from the Bank of England, not from the markets. It expands the money supply to keep the economy going and also to counter deflation without simultaneously increasing government debt. The attractions are obvious, as are the dangers. The Robert Mugabe school of economics provides a salutary warning about uncontrolled monetary expansion in generating hyper-inflation. The road to Harare is not as long as we might hope. Monetary easing may prove to be necessary but will have to be managed with great skill and care: Too little easing and the crisis drags on – as in Japan. If there is too much, the authorities face the messy task of mopping-up liquidity by issuing bonds which add to the burden of borrowing or else we lurch back from deflation to inflation. So interest rates may soon become yesterday's story.

“We have to be careful of Vince Cable, he's extremely sharp and clever. In fact, he's almost as sharp and clever as he thinks he is.”

Vince Cable

An anonymous Conservative aid quoted on Newsnight http://news.bbc.co.uk/1/hi/programmes/newsnight/8686818.stm. About

“We're being held to ransom by these pinstripe Scargills…”

Vince Cable

Said about bankers during the chancellors debate http://blogs.telegraph.co.uk/news/willheaven/100031975/ask-the-chancellors-live-darling-osborne-and-cable-debate/ on 29 March 2010. 2010

Vince Cable Quotes

“The House has noticed his remarkable transformation in the past few weeks from national treasure to Treasury poodle.”

Vince Cable

Harriet Harman House of Commons' Hansard http://www.publications.parliament.uk/pa/cm201011/cmhansrd/cm100622/debtext/100622-0007.htm#10062245000003, 22 June 2010 About

“I understand how angry people are on both sides. There are some angry Leavers and there are some very angry Remainers too, particularly young people who feel their future has been taken away from them on the basis of a very narrow majority, where a significant majority of the electorate did not vote and many young people did not get an opportunity to vote.”

Vince Cable

European elections 2019: Remainers are angry too, says Vince Cable https://www.bbc.co.uk/news/uk-politics-48339921, BBC News, 20 May 2019 2019

“We need a proper referendum that will come to a resolution on the issue, with remain on the ballot paper.”

Vince Cable

Brexit: Theresa May plans 'bold offer' to get support for deal https://www.bbc.co.uk/news/uk-politics-48323522 BBC News (19 May 2019) 2019

“Liberal democracy itself is under threat notably in the USA, in eastern Europe and perhaps here. Authoritarians and extremists of both right and left are on the march.”

Vince Cable

Vince Cable could stand down as Lib Dem leader next year https://www.bbc.co.uk/news/uk-politics-45438907, BBC News, 7 September 2018 2018

“The immediate preoccupation is to work with people in other parties to stop Brexit, but in the longer term there may well be realignment because of the deep splits in the parties and I want my party to be at the centre of it.”

Vince Cable

Sir Vince Cable 'made mistake' in missing Brexit vote https://www.bbc.co.uk/news/uk-politics-44917347, BBC News, 22 July 2018 2018