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Richmond upon Thames Liberal Democrats:Covering the constituencies of Twickenham and Richmond Park |
Vince Cable: From hero to zero and back again: the vindication of Vince
August 1, 2011 11:37 AM
• [Jul 31] Matt Chorley writes: VINCE Cable is back. And he means business. Eight months after being publicly humiliated by undercover reporters and robbed of his halo, he is, once again, a man with a plan. Or, more specifically, a Plan A+. The Business Secretary insists that, despite calls from the sidelines for Plan B, there will be no deviation from George Osborne's central economic strategy.
But after growth figures last week showed the economy had expanded by an anaemic 0.2 per cent, Mr Cable believes it is now time for additional radical measures to stimulate growth. And the reinvigorated 68-year-old thinks he can win this new battle. In the topsy-turvy world of Westminster politics, it's the very issues that the so-called experts said would lead to Mr Cable's downfall which are once again propelling him back to the pedestal where his fans think he belongs . .
. . On banks, he remains instinctively committed to splitting traditional high street firms from the high-risk investment arms - "casino banking" - but will wait for the Vickers banking commission to report on 12 September. Before that he has decided to walk - not out of government, as so many bookmakers and pundits have predicted - but around the Irish countryside with wife, Rachel. Then he'll be back at his desk in Whitehall, aggravating the Tories and taking tough decisions.
"I don't think you can deal with these issues by chickening out of them; you have to face it." And so he is. From hero to zero and back again. And even if a big dip lies around the corner, he is determined to keep his place on the Westminster rollercoaster.
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