Cable 'not fit for office', says Adrian Beecroft

clock

Business secretary Vince Cable is a "socialist" who should have never been given responsibility for business policy, Adrian Beecroft has claimed.

The Daily Telegraph reports Beecroft, the Downing Street adviser who reviewed employment law for the government, thinks Cable's reluctance to cut red tape is harming the economy and preventing job creation. In an interview with the Telegraph, the venture capitalist said entrepreneurs were going abroad and unemployment is rising because of the coalition's failure to help business. The report said the economy will grown by 5% less that expected - equating to about £50bn - because of the government's failure to push through "radical reform of employment laws".

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 Economics / Markets

More than half of IFAs feel negative about a potential Labour govt

More than half of IFAs feel negative about a potential Labour govt

Advisers favour Conservatives when it comes to their clients and business

Isabel Baxter
clock 09 May 2024 • 2 min read
Elections and advice: Planning in political and legislative uncertainty

Elections and advice: Planning in political and legislative uncertainty

‘It should not be based on speculation, always plan on current legislation’

Isabel Baxter
clock 08 May 2024 • 3 min read
'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read