Amendment of the Law
Debate between George Howarth and Vince Cable(9 years, 1 month ago)
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Vince Cable
We did not promise to abolish the VAT bombshell. We did make the promise on tuition fees and that was a mistake. We have regretted it and apologised for it.
I just wish that the Labour party would have the same wisdom, because if it ever gets into office, it will go down this road and it will do severe damage to the budget and to universities. The worst thing about this policy is that the primary beneficiaries will be the investment bankers of the future. The shadow Chancellor has been going around complaining about millionaires’ tax cuts. What he is now advocating is a millionaires’ debt-relief scheme.
Mr George Howarth (Knowsley) (Lab)
To use the right hon. Gentleman’s own words, would he describe the promise to abolish tuition fees at the last election as transcendentally stupid?
Vince Cable
The promise was not to abolish tuition fees, but to not increase them. We did increase them and that was a matter of regret.
Industrial Strategy
Debate between George Howarth and Vince Cable(11 years, 7 months ago)
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Vince Cable
My colleague reminds me of an event that took place on Saturday in Cheltenham that was a very good advertisement for the industrial strategy approach I am describing. The Government have put some £400 million into the development of electric vehicles, and my colleague the Secretary of State for Transport has supported the bounty for charging points. We are now seeing that technology getting to a take-off point. My hon. Friend showed me dozens of examples of small and large car makers in his constituency—led by the Nissan Leaf, which we have been supporting directly—that will make this a major industry in future years.
Mr George Howarth (Knowsley) (Lab)
The right hon. Gentleman likes to present himself as the voice of progressive dissent within the Cabinet. How does he square that with taking responsibility for measures to make it easier to sack people?
Vince Cable
I certainly like to think I am a voice of progressive opinion. We are dealing with changes in the tribunal system that will help small-scale companies to deal with some of the issues they have. But as I pointed out to the House the other day, the specific proposal of no-fault dismissal is not something we are proceeding with.