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Vince Cable cuts himself adrift

Vince Cable has effectively today cut himself adrift from the coalition government with a controversial attack on the UK banking arena. He has described the "spivs and gamblers" operating in this sector claiming they are more dangerous than militant union leaders. While his comments were fully expected after leaks to the press yesterday it is his industrial language which will upset many in the UK financial sector.

Despite claiming that he has never been more comfortable with the policies of the coalition government it seems that Vince Cable is intent on spoiling the party from the inside and alienating a large number of Conservative party members. There are expectations that at some point David Cameron will step in and clamp down on Vince Cable's personal attacks but at this moment in time for whatever reason he appears to have a free reign. While there are no doubt some elements of truth in Vince Cable's comments it is the blanket assumptions which will upset many in the UK financial industry.

It is easy to forget this is an industry which brings in billions and billions of pounds in taxes, employees directly and indirectly millions of people in the UK and is the engine room of the UK economy.

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