Vince Cable: Banks Are ‘Throttling’ UK Economic Recovery
Nicholas Watt, chief political correspondent
guardian.co.uk,¬†Sunday 8 July 2012
Britain’s banks are “throttling” the economic recovery because of an anti-business culture which focuses on short-term profits, the business secretary,¬†Vince Cable, has said.
As¬†Ed Balls warned of widespread outrage if the ousted Barclays chief executive, Bob Diamond, receives a ¬£16m pay-off, Cable accused banks of undermining multibillion-pound measures to help businesses.
Speaking on The¬†Andrew Marr Show on BBC1 on Sunday, the business secretary said: “The real problem….”