Cable’s latest warnings and provocations
My favourite part of the Guardian’s interview with Vince Cable today? When the business secretary says that his sermonic prescriptions from during the crash are of “enduring relevance” now. But there’s more to the article than self-aggrandisement, not least Cable’s gloomy overview of the British economy. It’s not quite the same as Alastair Darling’s Guardian interview in August 2008, but there is a touch of that here. “I think it is not understood that the British economy has declined by 6 or 7 per cent — it is now 10 per cent below trend,” says Cable, “Britain is no longer one of the world’s price setters. It is painful. It
