Magazine
Latest Issue

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…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect