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Sir John Vincent Cable (born 9 May 1943) is a British politician who was Leader of the Liberal Democrats from 2017 to 2019. He was
Member of Parliament A member of parliament (MP) is the representative in parliament of the people who live in their electoral district. In many countries with bicameral parliaments, this term refers only to members of the lower house since upper house members of ...
(MP) for
Twickenham Twickenham is a suburban district in London, England. It is situated on the River Thames southwest of Charing Cross. Historically part of Middlesex, it has formed part of the London Borough of Richmond upon Thames since 1965, and the boroug ...
from 1997 to 2015 and from 2017 to 2019. He also served in the
Cabinet Cabinet or The Cabinet may refer to: Furniture * Cabinetry, a box-shaped piece of furniture with doors and/or drawers * Display cabinet, a piece of furniture with one or more transparent glass sheets or transparent polycarbonate sheets * Filing ...
as
Secretary of State for Business, Innovation and Skills The secretary of state for business, energy and industrial strategy, is a secretary of state in the Government of the United Kingdom, with responsibility for the Department for Business, Energy and Industrial Strategy. The incumbent is a memb ...
from 2010 to 2015. Cable studied Economics at
Cambridge Cambridge ( ) is a university city and the county town in Cambridgeshire, England. It is located on the River Cam approximately north of London. As of the 2021 United Kingdom census, the population of Cambridge was 145,700. Cambridge bec ...
and
Glasgow Glasgow ( ; sco, Glesca or ; gd, Glaschu ) is the most populous city in Scotland and the fourth-most populous city in the United Kingdom, as well as being the 27th largest city by population in Europe. In 2020, it had an estimated popul ...
, before working as an economic adviser to the
Government of Kenya , image = , caption = Coat of arms of Kenya , date = 1963 , jurisdiction = Republic of Kenya , url = http://www.mygov.go.ke/ , legislature = Parliament of Kenya , meeting_place = ...
in the 1960s, and for the
Commonwealth Secretariat The Commonwealth Secretariat is the main intergovernmental agency and central institution of the Commonwealth of Nations. It is responsible for facilitating co-operation between members; organising meetings, including the Commonwealth Heads o ...
in the 1970s and 1980s. During this period, he also lectured in economics at Glasgow. He later served as Chief Economist for
Shell Shell may refer to: Architecture and design * Shell (structure), a thin structure ** Concrete shell, a thin shell of concrete, usually with no interior columns or exterior buttresses ** Thin-shell structure Science Biology * Seashell, a hard o ...
in the 1990s. Initially active in the Labour Party, Cable became a Labour councillor in Glasgow in the 1970s, during which time he also served as a special adviser to then- Trade Secretary John Smith. In 1982, however, he defected to the newly formed
Social Democratic Party The name Social Democratic Party or Social Democrats has been used by many political parties in various countries around the world. Such parties are most commonly aligned to social democracy as their political ideology. Active parties Fo ...
, which later amalgamated with the
Liberal Party The Liberal Party is any of many political parties around the world. The meaning of ''liberal'' varies around the world, ranging from liberal conservatism on the right to social liberalism on the left. __TOC__ Active liberal parties This is a li ...
to form the Liberal Democrats. After standing unsuccessfully for
Parliament In modern politics, and history, a parliament is a legislative body of government. Generally, a modern parliament has three functions: Representation (politics), representing the Election#Suffrage, electorate, making laws, and overseeing ...
four times, Cable was elected for
Twickenham Twickenham is a suburban district in London, England. It is situated on the River Thames southwest of Charing Cross. Historically part of Middlesex, it has formed part of the London Borough of Richmond upon Thames since 1965, and the boroug ...
in 1997. He was quickly appointed the
Liberal Democrat Treasury spokesperson The Liberal Democrat Treasury spokesperson is the spokesperson for the United Kingdom Liberal Democrats on matters relating to the work of the Chancellor of the Exchequer and HM Treasury. The office holder is a member of the Liberal Democrat f ...
, and was later elected as Deputy Leader in 2006. Cable resigned from both of these positions in May 2010 after being appointed as Secretary of State for Business, Innovation and Skills in the coalition government. He lost his seat in
2015 File:2015 Events Collage new.png, From top left, clockwise: Civil service in remembrance of November 2015 Paris attacks; Germanwings Flight 9525 was purposely crashed into the French Alps; the rubble of residences in Kathmandu following the Apri ...
, although later regained it in 2017. Cable subsequently stood in the
leadership election A leadership election is a political contest held in various countries by which the members of a political party determine who will be the leader of their party. Generally, any political party can determine its own rules governing how and when a l ...
to replace
Tim Farron Timothy James Farron (born 27 May 1970) is a British politician who served as Leader of the Liberal Democrats from 2015 to 2017. He has also served as Member of Parliament (MP) for Westmorland and Lonsdale since 2005, before which he worked in ...
, and was elected unopposed. In May 2019, Cable led the Liberal Democrats to their best national electoral performance since the 2010 election, gaining fifteen seats in the
European Parliament election Elections to the European Parliament take place every five years by universal adult suffrage; with more than 400 million people eligible to vote, they are considered the second largest democratic elections in the world after India's. Unti ...
. This followed a campaign in which the party ran on an anti-Brexit platform. He subsequently announced his intention to retire from politics, and stood down as leader on 22 July 2019, upon
the election ''The Election'' () is a political drama series produced by Hong Kong Television Network (HKTV). With a budget of HK$15 million, filming started in July 2014 and wrapped up on 28 October 2014. Popularly voted to be the inaugural drama of ...
of
Jo Swinson Joanne Kate Swinson (born 5 February 1980) is a former British Liberal Democrat politician who was Leader of the Liberal Democrats from 22 July to 13 December 2019. She was the first woman and the youngest person to hold the position, as well ...
; he stood down from Parliament at the 2019 general election. On 2 July 2022, Cable was announced as Vice President of the
European Movement The European Movement International is a lobbying association that coordinates the efforts of associations and national councils with the goal of promoting European integration, and disseminating information about it. History The origins of th ...
.


Early life and education

Cable was born in
York York is a cathedral city with Roman origins, sited at the confluence of the rivers Ouse and Foss in North Yorkshire, England. It is the historic county town of Yorkshire. The city has many historic buildings and other structures, such as a ...
, to a
working class The working class (or labouring class) comprises those engaged in manual-labour occupations or industrial work, who are remunerated via waged or salaried contracts. Working-class occupations (see also " Designation of workers by collar colou ...
Conservative Conservatism is a cultural, social, and political philosophy that seeks to promote and to preserve traditional institutions, practices, and values. The central tenets of conservatism may vary in relation to the culture and civilization i ...
-supporting family. His father, Len, was a craftsman for
Rowntree's Rowntree's is a British confectionery brand and former business based in York, England. Rowntree developed the Kit Kat (introduced in 1935), Aero (introduced in 1935), Fruit Pastilles (introduced in 1881), Smarties (introduced in 1937) brands ...
, and his mother, Edith, packed chocolates for
Terry's Terry's is a British chocolate and confectionery maker, formerly based in York, England, until 2005, and re-established in 2019 as Terry's Chocolate Co and based in London. The company was founded in 1767. The company's headquarters and fact ...
. Cable attended Nunthorpe Grammar School where he became
Head Boy Head boy and head girl are student leadership roles in schools, representing the school's entire student body. They are normally the most senior prefects in the school. The terms are commonly used in the British education system as well as in Aus ...
. He then attended
Fitzwilliam College, Cambridge Fitzwilliam College is a constituent college of the University of Cambridge. The college traces its origins back to 1869 and the foundation of the Non-Collegiate Students Board, a venture intended to offer academically excellent students of all ...
, where he initially studied
Natural Sciences Natural science is one of the branches of science concerned with the description, understanding and prediction of natural phenomena, based on empirical evidence from observation and experimentation. Mechanisms such as peer review and repeatab ...
and later switched to
Economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...
. He was the President of the
Cambridge Union The Cambridge Union Society, also known as the Cambridge Union, is a debating and free speech society in Cambridge, England, and the largest society in the University of Cambridge. Founded in 1815, it is the oldest continuously running debati ...
in 1965. He was also a committee member and later President-elect of the
Cambridge University Liberal Club Cambridge University Liberal Association (CULA) is the student branch of the Liberal Democrats for students at Cambridge University. It is the successor to the Cambridge Student Liberal Democrats, which in turn was formed from the merger of Cam ...
, but he resigned from the Liberal Party before taking up the office of President. Whilst at Cambridge, he was a contemporary of the Cambridge Mafia. In 1966, at the end of his studies at the
University of Cambridge , mottoeng = Literal: From here, light and sacred draughts. Non literal: From this place, we gain enlightenment and precious knowledge. , established = , other_name = The Chancellor, Masters and Schola ...
, Cable was appointed as an
Overseas Development Institute ODI (formerly the 'Overseas Development Institute') is a global affairs think tank, founded in 1960. Its mission is "to inspire people to act on injustice and inequality through collaborative research and ideas that matter for people and the ...
Fellow (ODI Nuffield Fellow) working in
Kenya ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...
. He graduated in 1973 with a PhD in Economics from the
University of Glasgow , image = UofG Coat of Arms.png , image_size = 150px , caption = Coat of arms Flag , latin_name = Universitas Glasguensis , motto = la, Via, Veritas, Vita , ...
on
economic integration Economic integration is the unification of economic policies between different states, through the partial or full abolition of tariff and Non-tariff barriers to trade, non-tariff restrictions on trade. The trade-stimulation effects intended b ...
and
industrialisation Industrialisation ( alternatively spelled industrialization) is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive re-organisation of an econo ...
.


Economics career

Cable lectured for a time at the
University of Glasgow , image = UofG Coat of Arms.png , image_size = 150px , caption = Coat of arms Flag , latin_name = Universitas Glasguensis , motto = la, Via, Veritas, Vita , ...
and was a visiting research fellow at the Centre for the Study of Global Governance at the
London School of Economics , mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 millio ...
, for a three-year period until 2004. In 2016, Cable was made Honorary Professor of Economics at the
University of Nottingham The University of Nottingham is a public university, public research university in Nottingham, United Kingdom. It was founded as University College Nottingham in 1881, and was granted a royal charter in 1948. The University of Nottingham belongs t ...
. From 1966 to 1968, he was a Treasury Finance Officer to the
Kenyan Government , image = , caption = Coat of arms of Kenya , date = 1963 , jurisdiction = Republic of Kenya , url = http://www.mygov.go.ke/ , legislature = Parliament of Kenya , meeting_place = ...
. In 1969, he visited
Central America Central America ( es, América Central or ) is a subregion of the Americas. Its boundaries are defined as bordering the United States to the north, Colombia to the south, the Caribbean Sea to the east, and the Pacific Ocean to the west. ...
as a researcher on the recently formed
Central American Common Market The Central American Integration System ( es, Sistema de la Integración Centroamericana, or SICA) has been the economic and political organization of Central American states since 1 February 1993. On 13 December 1991, the ODECA countries (Spa ...
. From the early to mid-1970s, Cable served as First Secretary under Hugh Carless in the
Latin America Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived f ...
n department of the
Foreign Office Foreign may refer to: Government * Foreign policy, how a country interacts with other countries * Ministry of Foreign Affairs, in many countries ** Foreign Office, a department of the UK government ** Foreign office and foreign minister * Unit ...
. He was involved in a CBI
trade mission Trade mission is an international trip by government officials and businesspeople that is organized by agencies of national or provincial governments for purpose of exploring international business opportunities. Business people who attend trade ...
to
South America South America is a continent entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere at the northern tip of the continent. It can also be described as the southe ...
at this time, engaging in six months of
commercial diplomacy Commercial diplomacy is diplomacy that focuses on development of business between two countries.Naray, O. (2008). "Commercial Diplomacy: A Conceptual Overview." Conference paper for the 7th World Conference of TPOs – The Hague, The Netherlands. ...
. In the late 1970s, he was special adviser to John Smith when the latter was Trade Secretary. He was an adviser to the UK Government and then to the
Commonwealth Secretary-General The Commonwealth secretary-general is the head of the Commonwealth Secretariat, the central body which has served the Commonwealth of Nations since its establishment in 1965, and responsible for representing the Commonwealth publicly. The Commo ...
Shridath "Sonny" Ramphal in the 1970s and 1980s. Cable served in an official capacity at the Commonwealth Heads of Government Meeting of 1983 in Delhi, witnessing "private sessions at first hand" involving
Indira Gandhi Indira Priyadarshini Gandhi (; Given name, ''née'' Nehru; 19 November 1917 – 31 October 1984) was an Indian politician and a central figure of the Indian National Congress. She was elected as third prime minister of India in 1966 ...
, then-
Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...
Margaret Thatcher Margaret Hilda Thatcher, Baroness Thatcher (; 13 October 19258 April 2013) was Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party (UK), Leader of the Conservative Party from 1975 to 1990. S ...
,
Lee Kuan Yew Lee Kuan Yew (16 September 1923 – 23 March 2015), born Harry Lee Kuan Yew, often referred to by his initials LKY, was a Singaporean lawyer and statesman who served as Prime Minister of Singapore between 1959 and 1990, and Secretary-General o ...
, and Bob Hawke among others. He was also present at the summits of 1985, 1987, and 1989. In the same period, he contributed to the Brandt Commission, the Palme Commission, and the UN's
Brundtland Commission The Brundtland Commission, formerly the World Commission on Environment and Development, was a sub-organization of the United Nations (UN) that aimed to unite countries in pursuit of sustainable development. It was founded in 1983 when Javier Pér ...
. From the 1980s onwards, Cable authored and co-wrote numerous publications in favour of globalisation,
free trade Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold econo ...
, and
economic integration Economic integration is the unification of economic policies between different states, through the partial or full abolition of tariff and Non-tariff barriers to trade, non-tariff restrictions on trade. The trade-stimulation effects intended b ...
such as ''Protectionism and Industrial Decline'', ''The Commerce of Culture'', and ''Developing with Foreign Investment''. Cable worked for the oil company
Royal Dutch Shell Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New Yo ...
from 1990 to 1997, serving as its Chief Economist between 1995 and 1997. His role at Shell came under scrutiny as the company was accused of playing a role in a turbulent era of Nigerian politics during the dictatorship of
General Sani Abacha Sani Abacha (20 September 1943 – 8 June 1998) was a Nigerian military officer and politician who ruled as the military head of state of Nigeria from 1993 until his death in 1998. He seized power on 17 November 1993 in the last successful c ...
. In 2017, Cable became a strategic advisor on the World Trade Board for the annual World Trade Symposium co-organised by
Misys Finastra is a financial software company headquartered in London, England.FT Live.


Political career


Early years

At
university A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, t ...
, Cable was a member of the
Liberal Party The Liberal Party is any of many political parties around the world. The meaning of ''liberal'' varies around the world, ranging from liberal conservatism on the right to social liberalism on the left. __TOC__ Active liberal parties This is a li ...
but then joined the Labour Party in 1966. In
1970 Events January * January 1 – Unix time epoch reached at 00:00:00 UTC. * January 5 – The 7.1 Tonghai earthquake shakes Tonghai County, Yunnan province, China, with a maximum Mercalli intensity scale, Mercalli intensity of X (''Extrem ...
, he contested Glasgow Hillhead for Labour, but failed to unseat the sitting
Conservative Conservatism is a cultural, social, and political philosophy that seeks to promote and to preserve traditional institutions, practices, and values. The central tenets of conservatism may vary in relation to the culture and civilization i ...
MP,
Tam Galbraith Sir Thomas Galloway Dunlop Galbraith, known as Tam Galbraith, (10 March 1917 – 2 January 1982) was a Scottish Unionist politician. Early life The eldest son and heir of Thomas Galbraith, 1st Baron Strathclyde, Galbraith was educated at Ayt ...
. The same year, Cable stood for election to the Corporation of Glasgow in the Partick West ward, but failed to be elected. He became a Labour
councillor A councillor is an elected representative for a local government council in some countries. Canada Due to the control that the provinces have over their municipal governments, terms that councillors serve vary from province to province. Unl ...
in 1971, representing Maryhill ward, and stood down in 1974. In 1979, he sought the Labour Party nomination for
Hampstead Hampstead () is an area in London, which lies northwest of Charing Cross, and extends from Watling Street, the A5 road (Roman Watling Street) to Hampstead Heath, a large, hilly expanse of parkland. The area forms the northwest part of the Lon ...
, losing to Ken Livingstone, who was unsuccessful in taking the seat. In February 1982, he defected to the recently created
Social Democratic Party The name Social Democratic Party or Social Democrats has been used by many political parties in various countries around the world. Such parties are most commonly aligned to social democracy as their political ideology. Active parties Fo ...
(SDP). He was the
SDP–Liberal Alliance The SDP–Liberal Alliance was a centrist and social liberal political and electoral alliance in the United Kingdom. Formed by the Social Democratic Party (SDP) and the Liberal Party, the SDP–Liberal Alliance was established in 1981, contest ...
parliamentary candidate for his home city of
York York is a cathedral city with Roman origins, sited at the confluence of the rivers Ouse and Foss in North Yorkshire, England. It is the historic county town of Yorkshire. The city has many historic buildings and other structures, such as a ...
in both the 1983 and 1987 general elections. Following the 1988 merger of the SDP and the Liberal Party, he finished in second place at the 1992 general election to
Conservative Conservatism is a cultural, social, and political philosophy that seeks to promote and to preserve traditional institutions, practices, and values. The central tenets of conservatism may vary in relation to the culture and civilization i ...
MP
Toby Jessel Toby Henry Francis Jessel (11 July 1934 – 3 December 2018) was a British Conservative Party politician, who was the Member of Parliament for Twickenham from 1970 to 1997. Early life Jessel was born at Bearsted in Kent on 11 July 1934, the so ...
in the Twickenham constituency, by 5,711 votes.


Member of Parliament (1997–2015)

Cable entered the
House of Commons The House of Commons is the name for the elected lower house of the bicameral parliaments of the United Kingdom and Canada. In both of these countries, the Commons holds much more legislative power than the nominally upper house of parliament. ...
after defeating sitting Conservative MP
Toby Jessel Toby Henry Francis Jessel (11 July 1934 – 3 December 2018) was a British Conservative Party politician, who was the Member of Parliament for Twickenham from 1970 to 1997. Early life Jessel was born at Bearsted in Kent on 11 July 1934, the so ...
in the Twickenham constituency in his second attempt, at the 1997 general election. He subsequently increased his majority at the elections of 2001, 2005 and increased still further in
2010 File:2010 Events Collage New.png, From top left, clockwise: The 2010 Chile earthquake was one of the strongest recorded in history; The Eruption of Eyjafjallajökull in Iceland disrupts air travel in Europe; A scene from the opening ceremony of ...
. He lost his seat in
2015 File:2015 Events Collage new.png, From top left, clockwise: Civil service in remembrance of November 2015 Paris attacks; Germanwings Flight 9525 was purposely crashed into the French Alps; the rubble of residences in Kathmandu following the Apri ...
, but regained it at the snap election in 2017. In 2004, Cable was a contributor to the
economically liberal Economic liberalism is a political and economic ideology that supports a market economy based on individualism and private property in the means of production. Adam Smith is considered one of the primary initial writers on economic liberalis ...
'' Orange Book,'' which advocated for policies such as greater private sector involvement in higher education and healthcare. However, he has described himself as being a
social democrat Social democracy is a political, social, and economic philosophy within socialism that supports political and economic democracy. As a policy regime, it is described by academics as advocating economic and social interventions to promote soc ...
, as well as an "open markets"
liberal Liberal or liberalism may refer to: Politics * a supporter of liberalism ** Liberalism by country * an adherent of a Liberal Party * Liberalism (international relations) * Sexually liberal feminism * Social liberalism Arts, entertainment and m ...
, and stated his desire to reconcile "economic liberalism with wider moral values and social justice". Following the ''Orange Book'', Cable was one of several
Lib Dem The Liberal Democrats (commonly referred to as the Lib Dems) are a liberal political party in the United Kingdom. Since the 1992 general election, with the exception of the 2015 general election, they have been the third-largest UK political ...
MPs who oversaw the party's shift towards economic liberalism with the adoption of a more
free market In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any o ...
approach, a development which was suggested by some as having helped lead to the 2010 coalition with the Conservatives. In 2005, as Liberal Democrat Treasury spokesperson, he suggested the possibility of the party dropping its commitment to a 50p top rate of income tax, supported exempting people on low income from income tax completely, and explored the possibility of a flat tax, with the former two proposals later becoming party policy. Also in 2005, he said that there was no future for the Liberal Democrats to the left of
New Labour New Labour was a period in the history of the British Labour Party from the mid to late 1990s until 2010 under the leadership of Tony Blair and Gordon Brown. The name dates from a conference slogan first used by the party in 1994, later seen ...
. He was critical of what he considered the Labour government's slow response to cutting
government waste Government failure, in the context of public economics, is an economic inefficiency caused by a government intervention, if the inefficiency would not exist in a true free market. The costs of the government intervention are greater than the ben ...
, later accusing Labour of allowing a "writhing nest" of
quango A quango or QUANGO (less often QuANGO or QANGO) is an organisation to which a government has devolved power, but which is still partly controlled and/or financed by government bodies. The term was originally a shortening of "quasi-NGO", where N ...
s to develop. Prior to the 2005 Liberal Democrat party conference, Cable did not rule out the possibility that the Lib Dems might form a coalition government with the
Conservatives Conservatism is a cultural, social, and political philosophy that seeks to promote and to preserve traditional institutions, practices, and values. The central tenets of conservatism may vary in relation to the culture and civilization in ...
in the event of a
hung parliament A hung parliament is a term used in legislatures primarily under the Westminster system to describe a situation in which no single political party or pre-existing coalition (also known as an alliance or bloc) has an absolute majority of legisla ...
at the forthcoming general election. However, party leader
Charles Kennedy Charles Peter Kennedy (25 November 1959 – 1 June 2015) was a British Liberal Democrat politician who served as Leader of the Liberal Democrats from 1999 to 2006, and was the Member of Parliament (MP) for Ross, Skye and Lochaber from 1983 ...
said that the Lib Dems would remain an "independent political force". In late-2005 or early-2006, Cable presented
Charles Kennedy Charles Peter Kennedy (25 November 1959 – 1 June 2015) was a British Liberal Democrat politician who served as Leader of the Liberal Democrats from 1999 to 2006, and was the Member of Parliament (MP) for Ross, Skye and Lochaber from 1983 ...
a letter signed by eleven out of the twenty-three frontbenchers, including himself, expressing a lack of confidence in Kennedy's leadership of the Liberal Democrats. On 5 January 2006, because of pressure from his frontbench team and an
ITN News Independent Television News (ITN) is a UK-based television production company. It is made up of two divisions: Broadcast News and ITN Productions. ITN is based in London, with bureaux and offices in Beijing, Brussels, Jerusalem, Johannesburg, ...
report documenting his
alcoholism Alcoholism is, broadly, any drinking of alcohol (drug), alcohol that results in significant Mental health, mental or physical health problems. Because there is disagreement on the definition of the word ''alcoholism'', it is not a recognize ...
,
Charles Kennedy Charles Peter Kennedy (25 November 1959 – 1 June 2015) was a British Liberal Democrat politician who served as Leader of the Liberal Democrats from 1999 to 2006, and was the Member of Parliament (MP) for Ross, Skye and Lochaber from 1983 ...
announced a
leadership election A leadership election is a political contest held in various countries by which the members of a political party determine who will be the leader of their party. Generally, any political party can determine its own rules governing how and when a l ...
in which he pledged to stand for re-election. However, he resigned on 7 January. Cable did not run for the party leadership, instead supporting Menzies Campbell's candidacy.


Expenses

A Twickenham resident, Cable commuted by train into Central London daily and so claimed the "London Supplement" instead of the Additional Costs Allowance. However, ''
The Daily Telegraph ''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally. It was fo ...
'' reported in May 2009 that he had been unaware that he was entitled to the London Supplement and so in 2004 wrote to the Fees Office to ask if he could receive retrospective payments for 2002–03 and 2003–04. The Fees Office refused the request, informing Cable that these accounts were already closed. When overall MP allowances are ranked, Cable came in 568th for 2007–08 (out of 645 MPs). ''
The Daily Telegraph ''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally. It was fo ...
'' also noted that he did not take a recent 2.33% salary rise.


Deputy Leadership of the Liberal Democrats (2006–2010)

Cable won plaudits for his repeated warnings and campaigns on the high level of personal debt in Britain. His was a significant voice of criticism during the
Northern Rock Northern Rock, formerly the Northern Rock Building Society, was a British bank. Based at Regent Centre in Newcastle upon Tyne, United Kingdom, Northern Rock was originally a building society. It demutualised and became Northern Rock bank i ...
crisis, calling for the nationalisation of the bank, capitalising on the claimed indecisiveness of both the Labour Government and Conservative Opposition on the issue. In May 2010, Cable declared his resignation as Deputy Leader to dedicate more time to his
Cabinet Cabinet or The Cabinet may refer to: Furniture * Cabinetry, a box-shaped piece of furniture with doors and/or drawers * Display cabinet, a piece of furniture with one or more transparent glass sheets or transparent polycarbonate sheets * Filing ...
role as
Business Secretary The secretary of state for business, energy and industrial strategy, is a secretary of state in the Government of the United Kingdom, with responsibility for the Department for Business, Energy and Industrial Strategy. The incumbent is a mem ...
. His responsibilities and authority were somewhat reduced when it was revealed in December 2010 that he had boasted to ''Daily Telegraph'' reporters posing as constituents of his "nuclear option" to bring the government down by his resignation. Still worse, he claimed to the reporters that he had "declared war" on
Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian-born American business magnate. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including ...
of News Corporation despite having the responsibility to impartially arbitrate on the News Corporation bid to acquire the remaining 60.9% of BSkyB it did not already own. Amid cries for his resignation or sacking, all his responsibilities concerning the bid were removed. Cable did not resign.


Acting leader of the Liberal Democrats (2007)

Following the resignation of Sir Menzies Campbell as Party Leader on 15 October 2007, Cable being Deputy Leader automatically succeeded him as Party Leader, pending a leadership election. He declined to stand for leader, reportedly fearing
ageism Ageism, also spelled agism, is discrimination against individuals or groups on the basis of their age. The term was coined in 1969 by Robert Neil Butler to describe discrimination against seniors, and patterned on sexism and racism. Butler d ...
(Campbell's critics were accused of ageism, and Cable was only 2 years his junior). Cable received significant acclaim during his tenure as Acting Party Leader, with particular praise for his strong performances at
Prime Minister's Questions Prime Minister's Questions (PMQs, officially known as Questions to the Prime Minister, while colloquially known as Prime Minister's Question Time) is a constitutional convention in the United Kingdom, currently held as a single session every W ...
. He was popular in the party and media for his attacks on the government's record over
Northern Rock Northern Rock, formerly the Northern Rock Building Society, was a British bank. Based at Regent Centre in Newcastle upon Tyne, United Kingdom, Northern Rock was originally a building society. It demutualised and became Northern Rock bank i ...
, HMRC's loss of 25,000,000 individuals' child benefit data and the party funding scandal surrounding David Abrahams' secret donations to the Labour Party. The latter attracted for Cable positive media attention for a joke at PMQs describing
Gordon Brown James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. He previously served as Chance ...
's "remarkable transformation in the last few weeks from
Stalin Joseph Vissarionovich Stalin (born Ioseb Besarionis dze Jughashvili; – 5 March 1953) was a Georgian revolutionary and Soviet political leader who led the Soviet Union from 1924 until his death in 1953. He held power as General Secretar ...
to
Mr. Bean ''Mr. Bean'' is a British sitcom created by Rowan Atkinson and Richard Curtis, produced by Tiger Aspect and starring Atkinson as the title character. The sitcom consists of 15 episodes that were co-written by Atkinson alongside Curtis and R ...
, creating chaos out of order rather than order out of chaos", called by ''
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...
'', "the single best line of
Gordon Brown James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. He previously served as Chance ...
's premiership".


Views on the financial crisis

Cable is credited by some with prescience of the global financial crisis of 2007–2010. In November 2003, Cable asked
Gordon Brown James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. He previously served as Chance ...
, then-
Chancellor Chancellor ( la, cancellarius) is a title of various official positions in the governments of many nations. The original chancellors were the of Roman courts of justice—ushers, who sat at the or lattice work screens of a basilica or law cou ...
, "Is not the brutal truth that ... the growth of the British economy is sustained by consumer spending pinned against record levels of personal debt, which is secured, if at all, against house prices that the
Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of ...
describes as well above equilibrium level?" Brown replied, "As the Bank of England said yesterday, consumer spending is returning to trend. The Governor said, "there is no indication that the scale of debt problems have ... risen markedly in the last five years." He also said that the fraction of household income used up in debt service is lower than it was then." In his book ''The Storm'', Cable writes, "The trigger for the current global financial crisis was the US mortgage market and, indeed, the scale of improvident and unscrupulous lending on that side of the Atlantic dwarfs into insignificance the escapades of our own banks." Cable commented that he had not warned about this: "one of the problems of being a British MP is that you do tend to get rather parochial and I haven't been to the States for years and years, so I wouldn't claim to have any feel for what's been going on there." In September 2008, Cable praised the-then US
President George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...
for his response to the financial crisis and for attempting to "save Western
capitalism Capitalism is an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. Central characteristics of capitalism include capital accumulation, competitive markets, pric ...
." He compared this with Prime Minister Gordon Brown's response which Cable claimed was to be like a "Fairy Godmother" to the banks, and a "sideshow". Cable has also been vocal over the bonus culture in the banking system. He has called for bonuses to all bank employees to be frozen. However, Cable has been criticised by some, mostly Conservatives, for "
flip-flopping A "flip-flop" (used mostly in the United States), U-turn (used in the United Kingdom, Ireland, Pakistan, Malaysia, etc.), or backflip (used in Australia and New Zealand) is a derogatory term for a sudden real or apparent change of policy or opin ...
" on issues in connection with the crisis. For example, he is accused of criticising the Government's policy of
Quantitative easing Quantitative easing (QE) is a monetary policy action whereby a central bank purchases predetermined amounts of government bonds or other financial assets in order to stimulate economic activity. Quantitative easing is a novel form of monetary pol ...
, when in January 2009 he used the phrase "the
Robert Mugabe Robert Gabriel Mugabe (; ; 21 February 1924 – 6 September 2019) was a Zimbabwean revolutionary and politician who served as Prime Minister of Zimbabwe from 1980 to 1987 and then as President from 1987 to 2017. He served as Leader of the ...
school of economics", while in March 2009 he said, "directly increasing the amount of money flowing into the economy is now the only clear option". The Liberal Democrats also have responded that he was making the point that QE "needed to be managed with a great deal of care". On the issue of fiscal stimulus, Cable said in October 2008, "it is entirely wrong for the government to assume the economy should be stimulated by yet more public spending rather than tax cuts". In February 2009, however, he said, "we believe – and the Government say that they believe – in the need for a fiscal stimulus. Despite the severe financial constraints on the public sector, we believe that such a stimulus is right and necessary". On the principle of the independence of the Bank of England, Cable said at the 2008 Liberal Democrat party conference, "The Government must not compromise the independence of the Bank of England by telling it to slash interest rates." The following month, though, he called on the Chancellor to urge the Governor of the Bank to make "a large cut in interest rates". The Liberal Democrats have responded that this in no way changes their policy on
Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of ...
independence.


Coalition government minister (2010–2015)

At the 2010 United Kingdom general election, 2010 general election Cable was again returned as MP for Twickenham. With the election resulting in a
hung parliament A hung parliament is a term used in legislatures primarily under the Westminster system to describe a situation in which no single political party or pre-existing coalition (also known as an alliance or bloc) has an absolute majority of legisla ...
, Cable was a key figure in coalition talks, particularly the unsuccessful negotiations with the Labour Party. The Liberal Democrats Conservative–Liberal Democrat coalition agreement, entered a coalition agreement with the Conservative Party (UK), Conservative Party on 11 May 2010, and Cable was appointed
Secretary of State for Business, Innovation and Skills The secretary of state for business, energy and industrial strategy, is a secretary of state in the Government of the United Kingdom, with responsibility for the Department for Business, Energy and Industrial Strategy. The incumbent is a memb ...
on 12 May. Elizabeth II, The Queen approved his appointment as a Privy Council (United Kingdom), Privy Counsellor, and he formally joined the Privy council on 13 May 2010. In May 2010, Cable insisted the coalition government was not split over planned increases to non-business Capital Gains Tax, which some thought would raise taxes on sales of second homes by 40% or 50%. Senior Conservative MPs attacked the rise as a tax on the middle class, middle-classes and a betrayal of Conservative values. Cable said that it was a "key" part of the coalition deal and there was no disagreement over it between the coalition partners. Cable said the changes to Capital Gains Tax would help to fulfill the Lib Dem aim of bringing more "fairness" to the tax system: "It's very important that we have wealth taxed in the same way as income." He continued, In July 2010, Cable sought to reform Line of credit, credit lines amid a "significant demand" (according to the Forum of Private Business) of smaller firms finding it harder to secure loans. Among a range of proposals published in a green paper, Cable urged banks to limit bonus and Dividend, dividend payments to "pre-crisis and 2009 levels respectively", the green paper stating that such a move would enable banks to retain £10,000,000,000 of additional capital in 2010 could in turn sustain £50,000,000,000 of new lending. The left-leaning parts of the British press have been critical of his role in the Cameron–Clegg coalition, Coalition Government, from ''The Guardian'' to the ''Morning Star (British newspaper), Morning Star'' describing him as "the man who started off a Lib Dem and now looks more convincingly Tory than most of the Tory frontbench" for his role in supporting public spending cuts. Beginning in 2010 and continuing throughout the Conservative-Lib Dem coalition's tenure in office, Cable led the drive for deregulation; notably the "Red tape, Red Tape Challenge" to reduce existing regulation and the "One In, One Out" rule to limit any future regulation, Cable agreeing with the need for a "bonfire of regulations". ''The Guardian'' dubbed this as "Neoliberalism, neoliberal" while the response from the business community was largely positive. In September 2010, during a speech at the Liberal Democrat conference, Cable said that bankers present more of a threat to Britain than Trade unions in the United Kingdom, trade unions. After the interim report on banking by John Vickers was published in April 2011, Cable said: "I was very impressed with the quality of the analysis. It does address head on the issue of banks that are too big to fail, the dependency on the government guarantee. It makes the case for separation," he added. In June 2011, Cable said "rewards for failure" were unforgivable at a time when real wages were being squeezed across the country. Speaking at the Association of British Insurers biennial conference, Cable warned he planned to bring "excessive and unjustified" executive pay under control by launching a fresh consultation. He said that although "Britain does have some world-class executives", investors had not seen a Return on investment, return "since the turn of the century" and claimed executive pay was 120 times that of the average UK employee, whereas it was only 45 in 1998. Cable later revealed Government plans that would require companies to publish "more informative remuneration reports" for shareholders. The plans also included Say on pay, binding votes by shareholders on executive pay as well as greater transparency and diversity on boards. In November 2011, Cable announced the first of several reforms to employment laws. Beginning with changes to the tribunal system, he proposed the introduction of tribunal fees for employees making Claim (legal), claims against employers, stating that the current system had become a "major impediment" to small businesses hiring people. The tribunal fees were later ruled unlawful by the Supreme Court of the United Kingdom, Supreme Court in 2017 after a court victory by trade union Unison (trade union), UNISON. In an article in May 2012, Cable denounced the "red tape factories" of the European Union, calling for increased deregulation and labour market flexibility, as well as the expansion of the European Single Market, Single Market and scrapping of the Working Time Directive 2003, Working Time Directive. He revealed that at a recent meeting of European economic ministers, a group of like-minded nations had formed in making these same demands. In September 2012, Cable and his department colleague Michael Fallon announced a large package of deregulation for businesses, including scrapping 3,000 regulations and implementing exemptions from health and safety inspections for shops, pubs, and offices. Cable claimed that businesses should not be "tied up in unnecessary red tape", but the move was criticised by trade unions. Days later Cable announced further deregulation involving changes to employment laws, proposing to reduce employee compensation for unfair dismissals and allowing employers and employees to agree to an out-of-court 'pay off' for under-performance dismissals. This was also criticised by trade unions. In January 2013, Cable rejected calls by Labour for the government to intervene in the High Street, high street crisis following the collapse of music retailer, HMV, he said: "it is not the job of Government to sort out the problems of competition on the high street. Consumers make their choices and there are consequences." In December 2013, Cable supported the continuation of Zero-hour contract, zero hours contracts after a government review, saying "they have a place in today’s labour market", although admitting there had "been evidence of abuse." His statements were met with negative responses from British trade unions. In 2014, during the Gaza–Israel conflict, Israel-Gaza conflict, Cable received criticism for his involvement in the signing off of arms deals to Israel, primarily concerning component parts used in the assembly of Elbit Hermes 900, Hermes drones. Shortly afterwards, he announced that arms exports to Israel would be suspended unless the recently declared ceasefire was upheld, a response which was condemned by Sayeeda Warsi, Baroness Warsi, Baroness Warsi, and by the Campaign Against Arms Trade, CAAT who called it "very weak". In February 2015, Cable was reportedly a speaker at an event hosted by various arms companies at a London hotel. In 2015, Cable refused to issue export licences for the sale of Paveway IV laser-guided bomb to the Royal Saudi Air Force over concern about how they might be used in the Saudi Arabian-led intervention in Yemen. Cable came under pressure from then-
Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...
David Cameron, Defence Secretary Michael Fallon and Foreign Secretary Philip Hammond for the immediate resumption of exports. Cable stated he was then given specific assurances by the Ministry of Defence (United Kingdom), Ministry of Defence that the UK would be given oversight of potential bombing targets to minimise the risk of civilian casualties, including involvement in decisions, to a similar level given to the United States. On this understanding, Cable agreed to issue export licences for a £200,000,000 order for the weapons. In 2016, it became apparent the Ministry of Defence did not have this level of oversight, to which Cable responded "That is categorically contrary to what I was told was going to happen." The sale is being investigated by the Committees on Arms Export Controls.


December 2010 ''Daily Telegraph'' comments

In late-December 2010, undercover reporters from ''
The Daily Telegraph ''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally. It was fo ...
'', posing as constituents, set up a meeting with Cable, who expressed frustration with being in the coalition and compared it to "fighting a war"; he stated he had "a nuclear option... if they push me too far then I can walk out and bring the government down and they know that", and had to "pick" his fights carefully. He also claimed the Liberal Democrats had pressed for a "very tough approach" to the UK's banks, which had been opposed by the Conservatives. He described the coalition's attempt at fast, widespread reforms (including the health service and local governments) as being a "kind of Maoism, Maoist revolution", and thought "we [the Government] are trying to do too many things... a lot of it is Tory inspired. The problem is not that they are Tory-inspired, but that they haven’t thought them through. We should be putting a brake on them." When his comments appeared in the press, Cable stated, "Naturally I am embarrassed by these comments and I regret them", before reaffirming his commitment to the Coalition Government, stating that "I am proud of what it is achieving". In part of the ''Daily Telegraph'' transcript that it did not disclose, Cable stated in reference to
Rupert Murdoch Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian-born American business magnate. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including ...
's News Corporation takeover bid for BSkyB, "I have declared war on Mr Murdoch and I think we are going to win." Following this revelation, Cable had his responsibility for media affairs – including ruling on Murdoch's takeover plans – withdrawn from his role as Business Secretary. In May 2011, the Press Complaints Commission upheld a complaint regarding the ''Telegraphs use of subterfuge. Cable's stature in the Government grew since then, being dubbed "the moral centre of this Coalition" by Peter Oborne, chief political commentator at the ''Daily Telegraph''.


Royal Mail sale

As Business Secretary, Cable oversaw the privatisation of the Royal Mail in 2013. The share price increased by 38% within a day and 70% in a year. The National Audit Office (United Kingdom), National Audit Office said that the Department for Business, Innovation and Skills was too cautious when setting the sale price, but that a planned postal workers' union strike also affected the government's sale price. Cable refused to apologise, and said that the Government had been right to take a cautious approach, pointing out that the sale had raised £2,000,000,000 for the taxpayer, with a further £1,500,000,000 from the 30% stake in Royal Mail which it had retained. The NAO also noted that some "priority investors", had made significant profits following the sale, having been allocated more shares in the belief that they would form part of a stable and supportive shareholder base. However, almost half of the shares allocated to them had been sold within a few weeks of the sale.


Post-ministerial career

Cable lost his seat, previously considered safe seat, safe – with a majority of 12,140 – to the
Conservative Conservatism is a cultural, social, and political philosophy that seeks to promote and to preserve traditional institutions, practices, and values. The central tenets of conservatism may vary in relation to the culture and civilization i ...
candidate Tania Mathias at the 2015 United Kingdom general election, 2015 general election. Mathias won with a majority of 2,017 votes. Cable's elimination from Parliament, combined with the Liberal Democrats' collective defeat at the election, and the formation of a Conservative majority government obliged him to resign as Secretary of State for Business, Innovation and Skills, a position which he held for the majority of its existence. He had also enjoyed the longest tenure as President of the Board of Trade since that of Peter Thorneycroft, which ended in 1957.


Return to parliament

Cable announced on 18 April 2017 his intention to stand for his former seat of Twickenham at the 2017 United Kingdom general election, snap general election. In May 2017, Cable urged Liberal Democrat supporters to vote tactically for Ealing Central and Acton (UK Parliament constituency), Ealing Central and Acton Labour candidate Rupa Huq. At the election, he was successful in winning back his former seat, with a majority of 9,762 votes. In a cross-party effort shortly after the election, Cable along with former Labour Party Leader Ed Miliband and veteran Conservative MP Kenneth Clarke, Ken Clarke made a joint submission to Ofcom, opposing 21st Century Fox's takeover bid of Sky UK, Sky. Following
Tim Farron Timothy James Farron (born 27 May 1970) is a British politician who served as Leader of the Liberal Democrats from 2015 to 2017. He has also served as Member of Parliament (MP) for Westmorland and Lonsdale since 2005, before which he worked in ...
's resignation as leader of the Liberal Democrats, Cable announced his candidacy in the subsequent
leadership election A leadership election is a political contest held in various countries by which the members of a political party determine who will be the leader of their party. Generally, any political party can determine its own rules governing how and when a l ...
. In July, he called for pro-EU MPs to support and "rally around" Chancellor Philip Hammond.


Leader of the Liberal Democrats

On 20 July 2017, Cable became leader of the Liberal Democrats after facing no competition. He was the oldest leader of a major UK political party since Winston Churchill, Sir Winston Churchill.


Policies

In a manifesto released upon his ascent to leadership, Cable revealed his policy priorities as Liberal Democrat leader would include tackling inequality, improving public services, opposing Brexit, electoral reform and young people. In late 2017 Cable revealed that he had become "more Interventionism (economics), interventionist" economically due to experiences while in the Cameron–Clegg coalition, Coalition government. Subsequently, Cable has called for the blocking of several foreign takeovers of UK companies in the High tech#Technology sectors, technology sector, and for the reform of UK takeover laws in the form of the 'Cadbury Clause' that had been suggested by figures within the Conservative Party. Following the leak of the Paradise Papers, Cable commented that direct rule of crown dependencies should be threatened if substantial progress was not made in curbing aggressive tax avoidance. In September 2017 Cable echoed Foreign Secretary Boris Johnson in calling for greater taxation of foreign speculators in the housing market. He has also called for the reform of empty dwelling management orders. In an 8 November 2017 pre-Budget speech at the City of London, Cable announced the Liberal Democrats under his leadership would seek to revive the fiscal Golden Rule (fiscal policy), Golden Rule of former Labour Chancellor
Gordon Brown James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. He previously served as Chance ...
. In early 2018, Cable's leadership saw former Conservative donors Peter Stringfellow, Peter J Stringfellow and Charlie Mullins switch and pledge their support to Cable and the Liberal Democrats over Brexit. On education, Cable has rejected cutting or abolishing university tuition fees. He has instead announced that he would seek to implement lifelong learning accounts which would serve as endowments to all young people to help pay for education or training at any future date, and suggested this endowment could range from £5,000 to £10,000 per head (the average university student debt in England is £50,800 upon graduation as of 2017), costing around £10 billion a year. Cable claimed the policy could be funded from reform of capital gains, inheritance, and property taxes. Also on education, he proposes to abolish the Ofsted inspectorate and reform school League Tables, league tables to focus on pupil well-being rather than exam results because a “change in emphasis” is needed away from competition. He supported the February 2018 Universities Superannuation Scheme, USS strikes, calling for the government to underwrite lecturers' pensions, while refusing to cross a Picketing, picket line at the Cass Business School. On 22 March, Cable announced that at an earlier meeting of European liberal parties he had garnered the signed agreements of eight European Alliance of Liberals and Democrats for Europe group, ALDE Prime Ministers demanding another referendum on the terms of Britain's exit from the European Union. Shortly after, however, in contradiction to Cable's announcement ALDE issued a statement denying that there had been any joint agreement about backing another referendum. In June, Cable set out plans to create a state land-buying agency to Compulsory purchase in England and Wales, compulsorily purchase land at 40% below market value. Cable also unveiled a proposal to develop a sovereign wealth fund, totalling £100 billion of assets, to be paid for partly by a tax on gifts. In response to both the 2017 and 2018 Budget of the United Kingdom, Autumn Budget announcements, Cable called for a large increase in public services spending and the end of austerity, attacking the Conservative government's 2018 Autumn Budget for failing to meet his demands on increased spending. He criticised Labour for not voting against a package of Conservative tax cuts which included raising the personal income tax Personal allowance, allowance and higher rate income tax threshold, money that he argued would be better used on reversing cuts to benefits.


Commentary

Electorally, Cable asserted that the Liberal Democrats under his leadership would win over substantial numbers of younger Labour voters "when the penny drops" about Labour's stance on Brexit, and that "young supporters will soon notice". Aside from Brexit, he claimed that adopting and pitching policies like higher taxation of wealth would also help in winning over Labour voters. Despite this, the Liberal Democrats under Cable's leadership have drawn observations from numerous political commentators such as Stephen Bush of ''New Statesman'' and John Rentoul of ''The Independent'' who noted that Liberal Democrat national polling had remained static even with significantly negative public perceptions of both the Labour and Conservative parties. Rentoul, as well as politics historian Glen O'Hara pointed to traditional and once potential Liberal Democrat voters Cable might wish to target as now having become solidly Labour voters. ''The Times'' Red Box editor and columnist Matt Chorley, in assessing Cable's leadership, wrote how there was already a "grey-haired nasal leftie running an opposition party" (in reference to Jeremy Corbyn) and therefore Cable was not needed. Cable has received significant critical commentary surrounding his leadership of the Liberal Democrats in terms of policy proposals and stances. In particular, Cable's support for a Referendums related to the European Union, second referendum on membership of the European Union and his comment that older Brexit voters were driven by nostalgia were met with negative reactions from the likes of broadcaster Julia Hartley-Brewer, Julia Hartley Brewer, government Cabinet member Sajid Javid, and others. However, some in the media have expressed agreement with Cable's position on Brexit. Other policy, such as punitive taxation of foreign housing investors was criticised by the Adam Smith Institute think tank. The ''Financial Times'' considered Cable to be part of a "coalition of anti-capitalists" due to his calls for foreign takeovers of British companies to be blocked, and in ''The Telegraph (London), The Daily Telegraph'' his policies were likened unfavourably to those of the Labour Party. Political journalist Andrew Rawnsley of ''The Observer'' was critical of Cable's general approach but conceded the possibility of Cable's anti-Brexit policy paying off eventually. On 7 September 2018, Cable announced his intention to resign as leader of the Liberal Democrats. He initially said he would resign once Brexit has been resolved or stopped, and when his proposed party reforms had been accepted, but in March 2019, he said that he would resign in May 2019 after the local elections. Following the 2019 European Parliament election in the United Kingdom, he confirmed on 24 May that he would stand down on 23 July 2019.


Views

Cable has compared himself to centrist French President of France, President Emmanuel Macron, saying that as Business Secretary he had worked with Macron (then an economy minister) personally and that they have a "very similar" approach. He believes his party should occupy the "vast middle ground", likening the political conditions of the UK with those of France. Cable asserts that there is an "appetite" for "middle-of-the-road politics" which he claims he can provide, and has decried what he sees as the mistreatment of “middle-of-the-road Brownism, Brownite type” politicians like Tom Watson (Labour politician), Tom Watson by the "hard left" within the Labour Party. He is a supporter of the Social Liberal Forum, a centre-left group within the Liberal Democrats.


Trade

He supported the proposed Transatlantic Trade and Investment Partnership trade agreement (TTIP), saying in 2014 that "if you are a true believer in free trade then you want to trade more with the US." To critics such as trade unions he replied that he was "genuinely baffled" about their fears that TTIP would lead to the Privatization, privatisation of the NHS, adding that TTIP had "nothing to do with allowing the Americans to interfere with our NHS". In 2018, concerning the possibility of US-UK trade deal which might follow the United Kingdom's future exit from the European Union, Cable warned that a trade deal in such circumstances might involve agreeing to open up the NHS to private American healthcare firms. Cable claimed this was unlike TTIP in which public services were to remain protected and therefore he argued the UK should remain in the EU. Cable also warned that a post-Brexit trade deal with the US might lead to accepting lower standards in farming produce, less food being produced in the UK and less employment for farmers. Cable thinks free trade is not a zero-sum game and that it is mutually beneficial for nations, stating: "Countries are better off when they participate in specialisation, with consumers benefiting from greater choice, higher quality products, and lower prices." He has condemned British and American politicians such as Donald Trump who he claims exploit the "anger and fear" over potential job losses which may result from foreign trade competition.


Human rights

In May 2018, Theresa May welcomed Turkish President Recep Tayyip Erdoğan to the United Kingdom for a three-day state visit. Erdoğan declared that the United Kingdom is "an ally and a strategic partner, but also a real friend." Cable denounced the visit, saying that "The UK has a strong, proud history of democracy and human rights, but our reputation on the world stage is in danger of being eroded by this Conservative government’s desire to woo world leaders like [Donald] Trump and Erdoğan. May’s administration appears to have substituted diplomacy for sycophancy in its pursuit of Brexit." Cable said that Erdoğan "is responsible for alarming 2016–present purges in Turkey, oppression and violence." In response to the murder of the Saudi Arabia, Saudi opposition journalist Jamal Khashoggi, Cable said: "This situation gets murkier and murkier. The Government should have already suspended arms export licences to Saudi Arabia given the outrages in Yemen. This reinforces the argument for loosening the bonds to the regime."


Taxation and economy

As an economist, Cable considers Adam Smith and John Maynard Keynes to be his heroes, recommending Smith's ''The Wealth of Nations'' and Robert Skidelsky, Baron Skidelsky, Robert Skidelsky’s ''Life of John Maynard Keynes'' to novice economists. He has been a proponent of greater Capital expenditure, capital spending, or borrowing to invest, and has made the case for this several times during and after the 2010-2015 coalition government. Cable has called the Demutualization, demutualisation of building society, building societies "one of the greatest acts of economic vandalism in modern times". Cable supports the continuation of the Liberal Democrat policy of a Hypothecated tax, hypothecated 1p rise in income tax to pay for improved health and social care,Brexit may never happen – Sir Vince Cable
''BBC''
along with proposals for replacing national insurance taxes with a likewise hypothecated new NHS and social care tax . He has also voiced support for a wealth tax to raise £15 billion or the equivalent of “less than one-third of 1pc of household wealth, net of debt” which would be used to address “intergenerational inequality.” Cable has been critical of the National Living Wage (the UK system of minimum wage), arguing in 2015 that Small and medium-sized enterprises, smaller businesses would struggle to pay employees higher rates. He has called for companies Google, Amazon (company), Amazon, and Facebook to be broken up, and supports the introduction of a digital services tax on technology companies.


New party

Cable has held differing views over time on the possibility of a new party emerging which could involve the Liberal Democrats. After the election of Jeremy Corbyn to the Labour leadership in 2015, Cable called on centre-left MPs from Labour and the Liberal Democrats to unite to prevent the Conservatives holding a “monopoly on power.” He made a similar suggestion in the lead up to the 2017 United Kingdom general election, 2017 general election, predicting a new party in the event of Labour undergoing electoral collapse. After becoming Vince Cable#Leader of the Liberal Democrats, leader of the Liberal Democrats, however, he rejected a proposal for a new anti-Brexit party by former government adviser James Chapman, insisting that anti-Brexit figures should join the Liberal Democrats instead.


Coalitions and electoral pacts

Cable has taken a sceptical approach to the question of potential coalitions with other parties since 2015. In April 2018, he said that the Liberal Democrats would never form a coalition government with Labour led by Jeremy Corbyn, and previously opposed the idea in 2015 as well where he said working with Labour was "inconceivable" because of Jeremy Corbyn's economic policies. Cable claims he would not work with the Conservatives either, comparing a coalition with the Conservatives to "mating with a Mantis, praying mantis" where "You get eaten at the end of it." Rather than a coalition or propping up a government, he would prefer to work on "issue-by-issue" instead. Cable ruled out the idea of Electoral alliance, electoral pacts in mid-April during the 2017 United Kingdom general election, 2017 general election campaign. However, in early May, Cable was recorded suggesting that Liberal Democrat supporters vote for Labour candidates in certain seats where they could stop the Conservatives. Responding to the story on LBC radio, Cable restated that he would not work with Labour and said that the Liberal Democrats had more "common ground" with the Conservatives under David Cameron than with Labour under Jeremy Corbyn. Shortly after, Cable was due to appear and speak at a Compass (think tank), Compass event in support of a Progressive alliance (UK)#21st century, 'progressive alliance' (a proposed electoral pact between the Green Party of England and Wales, Green Party, the Liberal Democrats, and Labour) but backed out, stating it was "too late" for a progressive alliance because he couldn't work with Labour "in its current form." He had previously spoken at a progressive alliance event by Compass in 2016.


Brexit

Cable believed Brexit might never happen. He maintained that when people saw the economic costs they would turn against it and a cross-party coalition of opponents to Brexit might develop. Cable said, "the whole question of continued membership will once again arise" if people's living standards worsened and unemployment rose. Cable called for cross-border digital services and a single EU market for Netflix. On 23 June 2018 Cable appeared at the People's Vote march in London to mark the second anniversary of 2016 United Kingdom European Union membership referendum, the referendum to leave the European Union.In his speech he said, "keep fighting, keep hoping, we will win." Cable maintained it "beggars belief that the army and the police are now being asked to prepare for riots in the chaotic aftermath of a botched Brexit. (...) For the 'true believers' - the fundamentalists - the costs of Brexit have always been irrelevant. Years of economic pain justified by the erotic spasm of leaving the European Union. Economic pain felt - of course - not by them by those least able to afford it. (...) [Theresa May] is dutifully delivering a policy she doesn't really believe in; failing in negotiations; losing public support; and all to appease a dwindling group of angry people in her party who will denounce her as a traitor, whatever she comes up with. (...) Our sympathy can only extend so far, while she puts the interests of the country second to the whims of the extremists in her party."


Tuition fees

In 2017, Cable defended the Tuition fees in the United Kingdom, £9,000 per year university tuition fees cap, claiming it would be "dangerous and stupid" and a "cheap populist gesture" to abolish tuition fees, adding that the "40% of students" who go to university should not be subsidised by the "60% who don't". The comments were criticised on social media by figures on the left, while Conservative MP Jo Johnson voiced support for Cable's stance.


Housing

On housing, he has backed building on Green belt (United Kingdom), green belts as a solution to the housing crisis. He proposes allowing councils to levy up to a 500% council tax on Housing in the United Kingdom#Empty homes, empty homes.


The House of Lords

In 2018, Cable wrote that he had opposed and still opposed the House of Lords, the upper house of the Parliament of the United Kingdom, British Parliament, for being made up of unaccountable members. However, he expressed his appreciation for the Lords' "capacity to defeat and embarrass the government" over Brexit legislation, in which he argued the House of Lords were exercising more thorough oversight. Cable declined an offer to be seated in the House of Lords after the 2015 United Kingdom general election, 2015 general election.


Personal life

Cable's first wife was Olympia Rebelo, a Kenya, Kenyan from a Goan Catholics, Goan Roman Catholic background, whom he met "in the unromantic setting of a
York York is a cathedral city with Roman origins, sited at the confluence of the rivers Ouse and Foss in North Yorkshire, England. It is the historic county town of Yorkshire. The city has many historic buildings and other structures, such as a ...
mental hospital where we happened to be working as nurses during a summer holiday." They had three children together and she completed her PhD in history at Glasgow University in 1976. Olympia was diagnosed with breast cancer shortly after the 1987 general election. After apparently successful treatment, the disease returned in the mid-1990s and before the 1997 general election. She died shortly after the 2001 United Kingdom general election, 2001 general election. In 2004, he married Rachel Wenban Smith. When appearing on BBC Radio 4's ''Desert Island Discs'' programme in January 2009, Cable revealed that he wears the wedding rings from both of his marriages. A keen ballroom dancer, Cable long expressed his desire to appear on the BBC's hit television show ''Strictly Come Dancing''; he appeared on the Christmas 2010 edition of the show, partnered by Erin Boag and dancing the Foxtrot. He performed well and scored 36/40 from the judges, including a mark of 10/10 from head judge Len Goodman. Cable was the second politician to appear on the show, after former Conservative MP Ann Widdecombe. Cable is a patron of MyBigCareer, a career guidance charity for young people, the polycystic kidney disease, Polycystic Kidney Disease Charity (PKD), the Changez Charity. and chair o
HCT Group
a social enterprise transport operator. Cable's eldest grandson is social activist and entrepreneur Ayrton Cable. Cable revealed that he had a minor stroke while leader of the Liberal Democrats in his memoir. The stroke occurred in May 2018.


Honours

* He was sworn in as a member of Privy Council of the United Kingdom, Her Majesty's Most Honourable Privy Council in 2010 upon his appointment as Secretary of State for Business, Energy and Industrial Strategy and President of the Board of Trade in the coalition government. This gave him the Honorific, Honorific Title "The Right Honourable" for life. * In David Cameron’s 2015 Dissolution Honours, Cable was appointed a Knight Bachelor for political and public service.


Bibliography

*''The Chinese Conundrum'' (Alma Books, 2021) *''Open Arms'' Vince Cable (Corvus, 2017) * ''After the Storm: The World Economy and Britain's Economic Future'' Vince Cable (Atlantic Books, 2016) *''Free Radical: A Memoir'' Vince Cable (Atlantic Books, 2010) * ''The Storm: The World Economic Crisis and What it Means'' Vince Cable (Atlantic Books, 2009) * ''The Orange Book: Reclaiming Liberalism'' edited by David Laws and Paul Marshall (financier), Paul Marshall; contributions by Vincent Cable and others (Profile Books, 2004) * ''Regulating Modern Capitalism (Centre for Reform Papers)'' Vincent Cable (Centre for Reform, 2002) * ''Commerce (Liberal Democrat Consultation Papers)'' Vincent Cable (Liberal Democrat Publications, 2002) * ''Globalization: Rules and Standards for the World Economy (Chatham House Papers)'' Vincent Cable, Albert Bressand (Thomson Learning, 2000) * ''Globalisation & Global Governance'' Vincent Cable (Thomson Learning, 1999) *''Preparing for EMU: A Liberal Democrat Response (Centre for Reform Papers)'' Vincent Cable (Centre for Reform, 1999) * ''China and India: Economic Reform and Global Integration'' Vincent Cable (Royal Institute of International Affairs, 1995) * ''Global Superhighways: The Future of International Telecommunications Policy (International Economics Programme Special Paper)'' Vincent Cable, Catherine Distler (Royal Institute of International Affairs, 1995) * ''The World's New Fissures: Identities in Crisis'' Vincent Cable (Demos, 1994) * ''Trade Blocs: The Future of Regional Integration'' edited by Vincent Cable and David Henderson (The Brookings Institution, 1994) * ''Commerce of Culture: Experience of Indian Handicrafts'', Vincent Cable (Lancer International, 1990) * ''Developing with Foreign Investment'' edited by Vincent Cable and Bishnodat Persaud (Routledge, 1987) * ''Economics and the Politics of Protection: Some Case Studies of Industries (World Bank Staff Working Papers Number 569)'' Vincent Cable (World Bank, 1984) * ''World Textile Trade and Production Trends'' Vincent Cable, Betsy Baker (Economist Intelligence Unit, 1983) * ''Case Studies in Development Economics'' Vincent Cable (Heinemann Educ., 1982) * ''The Role of Handicrafts Exports: Problems and Prospects Based on Indian Experience (ODI Working Paper)'' Vincent Cable (Overseas Development Institute, 1982) * ''British Electronics and Competition with Newly Industrialising Countries'' Vincent Cable, Jeremy Clarke (Overseas Development Institute, 1981) * ''Evaluation of the Multifibre Arrangement and Negotiating Options'' Vincent Cable (Commonwealth Secretariat, 1981) * ''British Interests and Third World Development'' Vincent Cable (Overseas Development Institute, 1980) * ''Britain's Pattern of Specialization in Manufactured Goods With Developing Countries and Trade Protection (World Bank Staff Working Paper No 425/8 Oct)'' Vincent Cable, Ivonia Rebelo (World Bank, 1980) * ''World Textile Trade and Production'' Vincent Cable (Economist Intelligence Unit, 1979) * ''South Asia's Exports to the EEC: Obstacles and Opportunities'' Vincent Cable, Ann Weston (Overseas Development Institute, 1979) * ''World Textile Trade and Production'' Vincent Cable (Economist Intelligence Unit, 1979) ISBN B0000EGG8M * ''Import Controls: The Case Against'' Vincent Cable (Fabian Society, 1977) * ''Glasgow: Area of Need'' Vincent Cable. Essay in 'The Red Paper on Scotland' ed.
Gordon Brown James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. He previously served as Chance ...
. Edinburgh 1975. * ''Glasgow's Motorways: a Technocratic Blight'' (New Society, 2 September. 1974) * ''Whither Kenyan Emigrants?'' Vincent Cable (Fabian Society, 1969)


Autobiography

* (2010) ''Free Radical: A Memoir''. Atlantic Books.


See also

*Liberal Democrat Frontbench Team *Opposition to Brexit in the United Kingdom


References


External links


Vince Cable
official site
Vince Cable
Twitter profile
Vincent Cable MP
official Liberal Democrats profile
Twickenham and Richmond Liberal Democrats
* *
Tracking Vince Cable (universities & research only)
at Research Fortnight * ;News articles
''Gold standard?''
''Third Way Magazine'', 11 May 2009
Vince Cable: Beneath the halo
''New Statesman'', September 2009
Profile of Cable (2009) by Fran Monks; How to Make a Difference''Debrett's People of Today''
, - , - , - , - , - , - {{DEFAULTSORT:Cable, Vincent 1943 births Living people Alumni of Fitzwilliam College, Cambridge Alumni of the University of Glasgow Leaders of the Liberal Democrats (UK) Liberal Democrats (UK) MPs for English constituencies Members of the Privy Council of the United Kingdom Knights Bachelor Politicians from York Politics of the London Borough of Richmond upon Thames Scottish Labour parliamentary candidates Social Democratic Party (UK) parliamentary candidates UK MPs 1997–2001 UK MPs 2001–2005 UK MPs 2005–2010 UK MPs 2010–2015 UK MPs 2017–2019 Presidents of the Board of Trade Presidents of the Cambridge Union