This government preaches about fairness but these measures will hammer the low paid by cutting their pay while leaving most of the tax avoidance loopholes for the wealthyBritish bankers hit with steep bonus tax Dec 09, 2009
As he enjoys his multimillion-pound pension, Sir Fred Goodwin should spare a thought for the thousands of people he has now put out of workRBS job cuts provokes angry responses Apr 08, 2009
This is a bank that survives only on the basis that the taxpayer is bailing it out. The government's handling of this is increasingly patheticRBS bonus pay rankles some Feb 05, 2009
I would have thought it a rather premature judgment on government policy, which is far from assured of being a successTreasury official a controversial knight Dec 31, 2008
The government said they would attach strict conditions on bonuses and it is very clear they are doing nothing of the kindRBS to pay billions in employee bonuses Nov 01, 2008
John Vincent "Vince" Cable (born 9 May 1943) is a British Liberal Democrat politician who is currently the Business Secretary in the coalition cabinet of David Cameron. He has been Member of Parliament for Twickenham since 1997.
Cable studied economics at university and became an economic advisor to the Kenyan government in 1966. He was an advisor to the British government and to the Commonwealth Secretary-General in the 1970s and 1980s. Later, he served as Chief Economist for the oil company Shell from 1995 to 1997. In 1970s, Cable was active in the Labour Party and became a Glasgow councillor. However in 1982, he joined the Social Democratic Party which would go on to form the Liberal Democrats, and he unsuccessfully contested seats in the elections of 1983, 1987 and 1992 until being elected as the MP for the London constituency of Twickenham in the 1997 general election.
Cable was the Liberal Democrats' main economic spokesperson from 2003 to May 2010. He was elected Deputy Leader of the Liberal Democrats in the House of Commons in March 2006, and following Sir Menzies Campbell's resignation, he was acting leader for two months—from October 2007 until the election of Nick Clegg. He resigned from his position as Deputy Leader in May 2010.