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Vince Cable attacks the banking sector again

Vince Cable, the business secretary for the coalition government, has again today attacked the UK banking industry for "outrageous bonuses". While there's no doubt that the banking arena is appearing to prosper while many businesses and consumers around them fall by the wayside, is it right that the banking sector is made to pay again?

Early this week Deputy Prime Minister Nick Clegg also announced that the government would not "stand idly by" if the banking industry did not toe the line. We have seen the introduction of a higher rate of tax for bonuses, new regulations for banking capital and there are more changes set for the future. Vince Cable, who many believe is actually on the verge of quitting the UK government, has a tendency to go off on his own agenda which is not always the party line.

There is a feeling that's Vince Cable is looking for higher office within the coalition government, or was looking for higher office in the coalition government, with many believing he had his eye on the Chancellor of the Exchequer position only to be blocked by David Cameron. Can Vince Cable continue to play a prominent and a helpful role in the current coalition government?

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