Newly appointed Business Secretary Vince Cable today visited Brussels for the first time in his new role to discuss strengthening the EU’s global competitiveness.
Cable was one of four Liberal Democrats to enter the Cabinet as per the Conservative-Liberal Democrat coalition. Formerly his party’s Treasury spokesperson, Cable takes over from Lord Mandelson as Secretary of State for Business, Innovation and Skills.
In Brussels today, he was representing the UK at the EU Competitiveness Council, discussing the implementation of the Mario Monti Report’s recommendations for the EU’s competitiveness, including driving economic growth, supporting low carbon industries and the creation of a digital single market. The report also advises the removal of trade barriers within the EU for services.
“Competitive markets are essential to achieving long-term sustainable growth. This is why the UK Government strongly supports the need to cut red tape, resist protectionism and restore investor confidence in the EU,” said Cable.
“The Single Market is crucial for the economic growth and stability of Britain and all the member states. It is, in my view, the EU’s greatest success and I welcome further progress in its development.”
Pictured front page: Vince Cable on a recent trip to Bentley factory. Credit: Dominic Fraser