Showing posts with label Vince Cable. Show all posts
Showing posts with label Vince Cable. Show all posts

Wednesday, 23 September 2009

Lib Dem scrappage scheme latest

This is Vince Cable's answer to a question about the proposed St Athan defence academy project, as broadcast this morning:

"No scrapping at all. I don't know how much you've read what I've said. But I was simply reporting evaluations by other people that there were questions about how important it was. I didn't actually refer to it being scrapped at all.......certainly didn't talk at all about cutting or culling that's been attributed to me, but we've got to have a critical review of these things. of course the government hasnt delivered this project as it happens I mean there's question marks with that."

And this is what he said a week ago were among his main proposals for economic recovery:

"Reducing the amount of waste in the defence procurement process, including scrapping the Eurofighter and Tranche 3 (£5 billion over 6 years), the A400M (total cost £22 billion), Nimrod MRA4, the Defence Training Review contract (£13 billion over 25 years) and
the Trident submarine successor (£70 billion over 25 years)."

The halo slips again?

Vince Cable, deputy leader of the Liberal Democrats, Treasury spokesman and sage of Twickenham, joined us for the Good Morning Wales outside broadcast from Bournemouth today.

As you might expect, Bethan Rhys Roberts asked him about the proposed defence training academy at St Athan, which featured in his "recovery plan for the UK" published last week.

"I didn't actually refer to it being scrapped at all," said Dr Cable.

Really? This is what the pamphlet says the main proposals are:

"Reducing the amount of waste in the defence procurement process, including scrapping the Eurofighter and Tranche 3 (£5 billion over 6 years), the A400M (total cost £22 billion), Nimrod MRA4, the Defence Training Review contract (£13 billion over 25 years) and the Trident submarine successor (£70 billion over 25 years)."

Is it just me, or has Dr Cable's halo slipped again? It's all a bit shocking. They'll be telling us Father Christmas doesn't exist next.

Monday, 21 September 2009

Simplicity

Is Vince Cable's halo slipping again? The Lib Dems' national treasure's proposed levy on expensive homes appears to be unravelling.

Dr Cable's team say the charge - applied on the value of homes above £1m - is a UK-wide tax.

Oh not it's not say his friends in the Welsh Liberal Democrats. They say the Assembly Government - and the Scottish Parliament - would be able to opt out of a levy, the proceeds of which would raise tax thresholds across the UK, lifting the poorest out of income tax altogether.

Property tends to be cheaper in Wales, with fewer £1m-plus houses, so it's questionable how much the levy would raise.

The tax would apparently be based on land registry values - i.e. sales. So if you bought your home for £60,000 forty years ago and it's now worth £2m you wouldn't pay the levy.

It would also be temporary and apply only until a local income tax is introduced.

The charge has been described as a "mansion tax" although constituents of some Lib Dem MPs in south-west London could re-brand it as a "terrace tax".

Could this possibly be less a policy and another one of Dr Cable's famous "first, rough attempts"?

Presumably not, as the "framework of principles" underlying all Lib Dem tax policy includes "simplicity - tax policies should be clear to taxpayers and new policy should aim to eliminate complexity in existing legislation."

That's all clear then.

Tuesday, 15 September 2009

Facing facts or facing both ways?

More news from the Welsh Lib Dems here. The man who describes himself as the Liberal Democrat Shadow Secretary of State for Wales says it's time to face facts over spending.

Roger Williams says: "All politicians must face up to the fact that we will need to cut spending to reduce the deficit, and they need to start outlining what they would cut, rather than making tokenistic gestures, or avoiding the issue altogether.

"While Brown and Cameron are playing hide and seek over cuts, Vince Cable has outlined a set of serious proposals that would make a major impact on reducing our levels of debt. This is by no means the full list of what needs to be done, and more hard choices will have to be made in the run-up to the general election, but this is an important first step."

An important first step or a "rough, first attempt"? With the Lib Dems, you don't need to choose.

Sandals in the wind

The Lib Dems appear to have got their sandals in a twist after I highlighted a policy proposal put forward by their Treasury spokesman and deputy leader - an idea that would save billions but could also mean thousands of expected jobs would never be created.

The party has put Dr Cable's idea on its website but has now added the disclaimer: "Please note: this is not official Liberal Democrat policy and examples are illustrative and represent only a first, rough attempt."

It's just coincidence that the St Athan proposal appears in the same sentence as the plan to scrap Trident, which was party policy the last time I looked.

Perhaps by "first, rough attempt" (an interesting concept for someone who would be Chancellor to publish) they simply mean an embarrassing cock-up.

Lib Dem Axe-Man

No-one can accuse the Lib Dems of refusing to use the c-word. Their Treasury guru, Vince Cable, is publishing today a list of where the axe would fall should they win power.

His chums in the Welsh Lib Dems may or may not be thrilled to learn that Dr Cable would scrap the defence training review contract, estimated to be worth £13bn, a project that would see a defence training academcy set up in St Athan in the Vale of Glamorgan.

Dr C argues that this is believed to be a "highly expensive" option and would therefore scrap the contract.

No news yet on what the Welsh Lib Dems, who previously supported the project, think of plans to scrap one of the largest investments Wales has seen along with the prospect of several thousand jobs.

UPDATE: The Welsh Lib Dems, who appear to have been caught on the hop by their economic expert, say his views - which they circulated - are not party policy although they do indicate "the direction of travel" (their ghastly phrase, not mine) of the cuts required.

Clearly, only irresponsible hacks could confuse the views of someone who describes himself as the "Liberal Democrat shadow Chancellor" and is deputy leader of his party with party policy.

St Vince's spin doctors deny that he's calling for it to be scrapped. I must have been confused by this excerpt from his pamphlet: "The main proposals are.......Reducing the amount of waste in the defence procurement process, including scrapping........the Defence Training Review contract (£13bn over 25 years)".

As he puts it himself: "The time for generalities is over".

Wednesday, 28 November 2007

The Cable Guy

You know you're in trouble in politics when the Liberal Democrats start laughing at you.

The Lib Dems have provided much amusement for the main UK parties over the years, particularly during leadership elections.

Today, the tables turned and it was Gordon Brown's turn to become the butt of a Lib Dem joke.

Today, the party's acting leader, delivered the best line during Prime Minister's Question Time: "The House has noticed the Prime Minister's remarkable transformation in the last few weeks from Stalin to Mr Bean."

Vince Cable may look like Ming Campbell's older brother but he's generally seen to have played a blinder as acting leader, highlighting Northern Rock before others spotted the problems.

He'll be gone in two weeks, replaced by Nick Clegg or Chris Huhne. Mr Cable's a keen ballroom dancing fan - I wonder if he's done enough these last few weeks to get a slot on the next Strictly Come Dancing?