Vince Cable accuses government of 'lacking vision'

City A.M. Reporter
Vince Cable has accused the government of lacking "a compelling vision of where the country is heading beyond sorting out the fiscal mess".

The business secretary also called for Royal Bank of Scotland to be split up, saying: "My suggestion is that we recognise that RBS will not return to the market in its current shape and use its time as ward of state to carve out of it a British business bank with a clean balance sheet and a mandate to expand lending rapidly to sound business."

In the letter to Deputy Prime Minister Nick Clegg, leaked to the BBC, he also called for "more leadership" in supporting key technologies.