Newspaper article The Evening Standard (London, England)

Cable Attacks 'Hated' Tories over Economy and Migrants; Cable: 'Beware Growth Spurt as Bankers Find Their Mojo'

Newspaper article The Evening Standard (London, England)

Cable Attacks 'Hated' Tories over Economy and Migrants; Cable: 'Beware Growth Spurt as Bankers Find Their Mojo'

Article excerpt

Byline: Nicholas Cecil, Joe Murphy and Joseph Watts

VINCE CABLE rocked the Coalition today with a ferocious attack on "the hated Tories" and a warning that the economic recovery hailed by George Osborne could implode.

He also unleashed a full-blown assault on the Conservatives over immigration, accusing them of "squawking with panic" at the arrival of foreign workers under the EU's free movement of labour.

But Mr Cable's speech at the Liberal Democrat annual rally in Glasgow also laid bare differences with leader Nick Clegg, who was placing more emphasis on the party gaining credit for its role in the Coalition and the economic revival.

The Business Secretary was, instead, scathing in his onslaught against the Conservatives, branding them "callous", and raising the alarm over the economic recovery being too heavily based on a house price surge in London and the South-East and a revival in the City. Warning that his party had to fight Labour for the "mantle of radical progressive Continued on Page 8

Continued from Page 1 politics, Mr Cable was expected to say: "The challenge today is to reinforce that Liberal tradition which is at risk of being compromised by working with what, on Clydeside, are called 'the hated Tories'. And that's when people are being polite." Reminding delegates that he was once a Labour councillor in Glasgow, the Cabinet minister also cast serious doubt on the Chancellor's claim that the economy is turning the corner.

"It took many years of mistakes to create a financial crisis. It has taken five years to start to dig our way out," he was due to tell the Lib-Dem faithful.

"We must not now settle for a short term spurt of growth, fuelled by an oldfashioned property boom and bankers rediscovering their mojo. We have seen it all before and there are already amber lights flashing to warn us of history repeating itself. The problem we have now is that the invaders are coming back. They have a bridgehead in London and the South-East of England. …

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