I think the interesting thing about Windrush is that perhaps for the first time the public opinion has been ahead of the politicians in seeing that t… - Vince Cable

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I think the interesting thing about Windrush is that perhaps for the first time the public opinion has been ahead of the politicians in seeing that there is a terrible injustice here and it should not be allowed to pass.

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About Vince Cable

PC MP (born 9 May 1943) is a former British politician, who was the for from 1997 until 2015, and from 2017 until 2019. He was the from 2010 to 2015. He has been called 'The Sage of Twickenham'.

Also Known As

Alternative Names: John Vincent Cable Vincent Cable Sir John Vincent Cable Vincent "Vince" Cable
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Additional quotes by Vince Cable

The big, looming, monetary issue is "quantitative easing": that is, printing money. What happens is that the government borrows from the Bank of England, not from the markets. It expands the money supply to keep the economy going and also to counter deflation without simultaneously increasing government debt. The attractions are obvious, as are the dangers. The Robert Mugabe school of economics provides a salutary warning about uncontrolled monetary expansion in generating hyper-inflation. The road to Harare is not as long as we might hope. Monetary easing may prove to be necessary but will have to be managed with great skill and care: Too little easing and the crisis drags on – as in Japan. If there is too much, the authorities face the messy task of mopping-up liquidity by issuing bonds which add to the burden of borrowing or else we lurch back from deflation to inflation. So interest rates may soon become yesterday's story.

There is another word for that - masochism. It isn't illegal. I am told some people pay good money to indulge in it. But unlike masochists, the Brexit ideologues usually envisage someone else bearing the pain. And that pain will mainly be felt by young people who overwhelmingly voted to Remain.

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