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Vince Cable and the “Capital Taliban”

The business secretary's intriguing outburst

By Jay Elwes  

Vince Cable's outburst is intriguing (Image: Keith Edkins)

Vince Cable, the Secretary of State for Business, has caused something of a storm this morning. It seems he has rather taken exception to the Bank of England’s rules on bank capital, which he regards as too onerous. Cable referred to the Bank, perhaps in a moment of frustration born of this intense heat, as the “capital Taliban.” What on earth has come over him?

Choice of words notwithstanding, it is possible to sympathise with Cable’s outburst. Britain’s banks…

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