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22/09/2010
Lib Dem Conference Calm Concerns
On the final day of the Liberal Democrat party conference, in an attempt to calm concerns over the coalition, the business secretary has launched an attack on self-interest and City greed.
Vince Cable discussed issues such as executive pay and the role of directors in takeover battles, as well as how "murky" corporate practices threaten UK firms and how "capitalism kills competition".
The CBI's Director General Richard Lambert criticised the speech saying Mr. Cable had "harsh things to say about the capitalist system".
Defending his speech, Mr. Cable said he was was "pro-business, pro-market" adding: "I want to protect consumers, I want to look after shareholders, I want to level the playing field for small business.”
The business secretary also revealed Royal Mail staff would be given shares of 10% in any future flotation of the company.
Last month, he confirmed his intentions to sell Royal Mail, saying this would represent the largest employee share scheme for 25 years.
The Lib Dem leadership are under pressure regarding spending cuts and the four-year process of reducing the deficit. Today they addressed how the least well-off will be protected while the wealthiest will be made to pay their fair share.
Mr. Cable also announced a wide-ranging consultation on executive pay, the role of directors and investors during takeover battles, and how shareholder influence over corporate decisions could be increased, saying the owners of businesses must act "responsibly".
(BMcN/GK)
Vince Cable discussed issues such as executive pay and the role of directors in takeover battles, as well as how "murky" corporate practices threaten UK firms and how "capitalism kills competition".
The CBI's Director General Richard Lambert criticised the speech saying Mr. Cable had "harsh things to say about the capitalist system".
Defending his speech, Mr. Cable said he was was "pro-business, pro-market" adding: "I want to protect consumers, I want to look after shareholders, I want to level the playing field for small business.”
The business secretary also revealed Royal Mail staff would be given shares of 10% in any future flotation of the company.
Last month, he confirmed his intentions to sell Royal Mail, saying this would represent the largest employee share scheme for 25 years.
The Lib Dem leadership are under pressure regarding spending cuts and the four-year process of reducing the deficit. Today they addressed how the least well-off will be protected while the wealthiest will be made to pay their fair share.
Mr. Cable also announced a wide-ranging consultation on executive pay, the role of directors and investors during takeover battles, and how shareholder influence over corporate decisions could be increased, saying the owners of businesses must act "responsibly".
(BMcN/GK)
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12 March 2014
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The government has announced a 19p increase in the national minimum wage, bring it up to £6.50 per hour. The new will come into effect in October following a recommendation by the Low Pay Commission for a 3% rise. Alongside this the rate for 18 to 20-year-olds will be increased by 2%, going up by 10p to £5.13 an hour.
Minimum Wage Increases Announced
The government has announced a 19p increase in the national minimum wage, bring it up to £6.50 per hour. The new will come into effect in October following a recommendation by the Low Pay Commission for a 3% rise. Alongside this the rate for 18 to 20-year-olds will be increased by 2%, going up by 10p to £5.13 an hour.
14 December 2011
Gov Pushes Aerospace Business Take Off
Business Secretary Vince Cable has said he plans to address barriers to growth, boost exports and increase the number of high value jobs in the UK's Aerospace industry.
Gov Pushes Aerospace Business Take Off
Business Secretary Vince Cable has said he plans to address barriers to growth, boost exports and increase the number of high value jobs in the UK's Aerospace industry.
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Transport Cops Target Cable Crime
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Cable car collision on mountain resort
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Cable car collision on mountain resort
A number of people have been injured during a collision between two cable cars in a mountain resort in northern Scotland yesterday. It has been reported that one of the carriages was derailed when one gondola slid back down the cable and hit another. It is estimated that the cable car fell about 60ft to the ground.
24 January 2012
Cable Calls For Executive Pay Curb
The Business Secretary Vince Cable has unveiled plans to limit executive pay during a speech on Monday evening. Under new proposals, shareholders will be given more powers to block excessive pay packages and companies will be encouraged to increase diversity on their boards.
Cable Calls For Executive Pay Curb
The Business Secretary Vince Cable has unveiled plans to limit executive pay during a speech on Monday evening. Under new proposals, shareholders will be given more powers to block excessive pay packages and companies will be encouraged to increase diversity on their boards.
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