Cable launches broad attack on City

clock

Business Secretary Vince Cable will today launch a wide-ranging attack on the "murky world of corporate behaviour".

He will pledge to tackle “irrational or rigged” markets, the bonus culture, short-term investment and corporate takeovers. In his speech to the Liberal Democrat party conference, Cable will announce the government will conduct a review of corporate governance and economic short-termism. Cable will say: ""We will look at the economic impact of takeovers, shareholder responsibility, corporate incentives and pay. Short-termism and shareholder disengagement are an increasing problem for our economy. "Short-term investors and financial gamblers value a quick buck above all else, for exa...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

AJ Bell posts record rise in platform flows as AUA hits £108.7bn

AJ Bell posts record rise in platform flows as AUA hits £108.7bn

Net flows up 42%

Cristian Angeloni
clock 23 April 2026 • 2 min read
Why advisers should adopt Gaudi's 'my client is not in a hurry' approach

Why advisers should adopt Gaudi's 'my client is not in a hurry' approach

Dan Brocklebank makes keynote speech at PA360

Isabel Baxter
clock 23 April 2026 • 2 min read
Four Asian investment lessons in the face of turmoil

Four Asian investment lessons in the face of turmoil

South Korea, Vietnam and Indonesia have suffered some of the biggest falls since the start of the war

Gabriel Sacks
clock 23 April 2026 • 4 min read