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Mr Cable: What he thinks about the Telegraph

Robert Peston | 19:13 UK time, Tuesday, 21 December 2010

Some would say that Mr Cable is fortunate to still be Business Secretary.

Some would argue Mr Cameron's decision to rebuke him rather than dismiss him shows that the coalition's grip on power is not as firm as it would like - in that, perhaps, Mr Cable is still in his job because of the perceived damage he could do the solidarity of the coalition from the bankbenches.

However Mr Cable and his department have paid a substantial price - in that the whole of the business department's media responsibility are being transferred to the department of culture, media and sport.

Which means that Jeremy Hunt as culture secretary will now have 50 more civil servants working from him, who are being transferred from the business department..

And Mr Hunt will have responsibility for deciding in early January whether News Corporation's bid for the 61 per cent of British Sky Broadcasting it doesn't own needs to be probed further by the Competition Commission.

If Mr Cable owes his continuation in office to the generosity of Mr Cameron, the prime minister may be interested in Mr Cable's views of what the two of them have in common.

Again, these are remarks which were not in the Daily Telegraph's self-proclaimed full transcript this morning. And interestingly they are not wholly flattering about the Telegraph or about the relationship between the Tory "faithful" on the one hand and Mr Cameron and his chancellor George Osborne, on the other.

"I assume you don't read the Daily Telegraph or Daily Mail but Cameron is being attacked by his own people for being a liberal.

"You see the same thing is happening to both sides. He and Osborne are both hated by their own party faithful. And I'm not kidding, if you read the Daily Telegraph I am described as a communist. They are saying 'why have you got this anti-bank communist in your government?' And they are attacked for betrayal in the same way that we are."

Comments

Page 1 of 2

  • Comment number 1.

    Is this a dagger I see before me?

  • Comment number 2.

    The impression I have is that Cable is a decent man trying to make the best decisions he can for the good of the country. I don't agree with him on all points, but the games journalists such as those from the Telegraph play on people to catch them off guard are contemptible. I don't currently buy the Telegraph so sadly my decision not to buy the paper in future won't have enormous impact.

  • Comment number 3.

    Vince's remarks were misinterpreted in the rush to condemn. He actually says that according to the Murdoch press he's "declared war" on RM. I quite like here how he says "I assume you don't read the Mail or the Telegraph". If only.

  • Comment number 4.

    The sharks are circling - they've smelt blood....

  • Comment number 5.

    Cable is right that some articles in the Torygraph do attack Cameron for betrayal. In this instance he is stating what is obvious but I would not expect the Torygraph to poke itself in the eye. Whilst I prefer ministers to be more discreet I am more concerned that Murdoch will now get his way as usual (when will the BBC learn to play as hard as he does!) and we will have less choice. No one minds Tories who slag off the poor and powerless making decisions to cut benefits so why can't someone who slags off the rich and powerful make a decision that affects someone rich and powerful?

  • Comment number 6.

    If Cable is incapable of making decisions about media, what other areas of his responsibility is in not capable of making decisions in. Because truth is that he has no experience at any of this and he has shown that he is incapable of handling it. In any company he would be out and his past decisions would be under review because clearly his decision making is flawed.

    But then Cameron, having no experience in management or business has no idea of how to manage people and organisations so makes another complete mess. Please, please, somebody send Cameron on a "Introduction to Management" course very soon.

  • Comment number 7.

    This just goes to show how fragile the coalition government is. He would have been sacked in a majority government. The strength of public feeling against News corp is growing and i suspect Cameron knows this.
    Can't help but feel Vince new exactly what he was doing!

  • Comment number 8.

    And why should Vince not have his own views.

    If he had "declared war" on the BBC or ITV or just about anyone else who is behaving inappropriately, no one would have bothered.

    It just goes to show that the men in grey suits always protect their own.

  • Comment number 9.

    Merely confirmed my thoughts.
    The man is a knave and a fool.
    Mainly a fool.

  • Comment number 10.

    Cameron is being attacked by his own people for being a liberal.

    "You see the same thing is happening to both sides"
    -------------
    This is perfectly true. I consider myself to generally fall between the Conservatives and Lib Dems (though even Labour are right on a few things - yes I am indecisive and a perennial fence sitter), and the level of vitriol against the LD for not getting anything out of the Coalition and the level of vitriol against Cameron and Co for giving up everything to the LD's is shocking, as well as contradictory.
    ---------
    Some would say that Mr Cable is fortunate to still be Business Secretary.

    Some would argue Mr Cameron's decision to rebuke him rather than dismiss him shows that the coalition's grip on power is not as firm as it would like
    ---------------
    Some would also argue that the media seemed to be eagely anticipating a resignation, what with a live-text to follow breaking announcements as though such were inevitable, and that while the second sentence above is probably the reason for the first being true, the minor gaffe that was Cable's comments should not have caused such a furore in the first place. That he has lost some responsibility as a result of all this is probably disheartening to Cable, but is just a minor punishment, and really not even that but just an attempt to forestall Murdoch's hypocritical bleating should things not go his way.

  • Comment number 11.

    Mr Peston

    Can you please clarify? Does Vince Cable tellingtwo stangers the fact that he had blocked Murdoch's proposed takeover constitute the duisclosure of price sensitive information? If one of his Civil Servants had made that disclosure would they simply have been given other duties?

  • Comment number 12.

    As a Tory, I have a lot of respect for Cable's feelings.

    Murdoch is dangerous - he has millions of idiots in his thrall.

  • Comment number 13.

    Some of us are more surprised at the attitude of the BBC towards Murdochs evil empire. Jobs for the boys is it?
    As for Cable, he's scored a few points for the Liberal Democrats even if he has annoyed the Conservative leadership.

  • Comment number 14.

    This is the supposedy unbiased Jeremy Hunt says on his website:

    "Rather than worry about Rupert Murdoch owning another TV channel, what we should recognise is that he has probably done more to create variety and choice in British TV than any other single person because of his huge investment in setting up Sky TV which, at one point, was losing several million pounds a day.

    "We would be the poorer and wouldn't be saying that British TV is the envy of the world if it hadn't been for him being prepared to take that commercial risk. We need to encourage that kind of investment."

    So Naughtie was right.

  • Comment number 15.

    It seems an extraordinary lapse to voice such opinions to people he had no reason to trust even if, as Saga points out at #3, he didnt actually voice some of them at all. I don't suppose the media will allow that to stand in their sights.

    Can't help but feel Vince new exactly what he was doing!

    He was lucky, but he'll be shuffled in January. They'll get him next time.



  • Comment number 16.

    I presume those suggesting a Peston-Murdoch conspiracy note http://www.guardian.co.uk/media/2009/aug/30/robert-peston-james-murdoch-bbc - BBC's Robert Peston in furious face-to-face row with James Murdoch - Media - The Observer.

  • Comment number 17.

    Forgive me if I'm missing something, but if EU rules say Murdoch can buy the rest of BSkyB, isn't what Twinkletoes and the rest think a bit irrelevant? I'm also astonished at the way these people are perenially 'stung' - do we really deserve to be governed by people this stupid and/or un-aware of what's going on around them?

  • Comment number 18.

    "Sky TV which, at one point, was losing several million pounds a day."

    Yes, that was back in February 1989. Fully justifies EVERYTHING else they have done.

  • Comment number 19.

    ...just why would you refer to the "Prime Minister" as the "prime minister"?

  • Comment number 20.

    "prime minister" rather than "Prime Minister" is an issue of style; most media use the lower case for job titles.

    There are rumours that Murdoch will sell The Times in order to complete his takeover of BSkyB, so it's probably all academic anyway.

  • Comment number 21.

    This kind of journalism is more behooven to the News of the World and Murdoch. Is the Telegraph now dancing to their piper's tune? I did read the Telegraph but no longer as this is the lowest form of journalism. Murdoch's agenda is his own and News Corporation is responsible for peddling propaganda on a basic level... very disappointed that VC won't be able to stop the rot that is News Corp... all very convenient for the press officer, n'est-ce pas?

  • Comment number 22.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 23.

    So much for V.C.'s self proclaimed power and principles. They disappeared very quickly with his grovelling apology. Cameron has left him dangling in the noose as a warning to any other LibDems who might want to cause a bit of trouble. It's not a coalition, it's a Tory government doing what Tories do. Why is anyone surprised?

  • Comment number 24.

    I couldn't care less what Vince Cable or any other government minister thinks about the Telegraph or any other part of the media - as long as the government delivers on their promise to bring the country's finances back on an even keel. The Coalition represents the best hope of this happening, and for any section of the media to try to engineer trouble for the sake of a few headlines is a complete disgrace and such journalists should be the ones who are lucky to still have a job.
    Whatever faults the government has, it is many,many times better than the charlatans who ran the country into the mess it is in now.

  • Comment number 25.

    Good on you Vince, tell it like it is, no spin, no bullshit.

    Since when has HONESTY been a sin?

    Those who live in ephemeral media-houses or political ego-houses should be oh so careful what they cast - in their utter hypocrisy!

  • Comment number 26.

    Vince Cable. What a lot of humbug! Of course, he was seriously indiscrete in speaking as he did to people he did not know. HOWEVER, it is nonsense to suggest that he would be less objective than any other minister in assessing the Murdoch bid for Sky. They all have their own agenda. It is just that, as politicians, they try to conceal it when acting in a quasi judicial role.

  • Comment number 27.

    The Prime Minister has acted. Vince Cable has apologised. The government goes on.

  • Comment number 28.

    Nice early Christmas present for the PM; afterall he has just defused a nuk!

    Unfortunatly, we now also know that Vinces comments about letting one off were all bluster; it appears the job is more important then ideals!!!!!

  • Comment number 29.

    As I read down these comments I was wondering how soon there'd be a party political for the conservatives - thank you "old moaner"! Whether the coalition's economic policies are appropriate we'll see next year in what happens to the economy. If growth slows badly or stops, we'll know that they overdid, in their garadene rush to cut public spending & leave the door open to their private sector friends to make money out of the taxpayer. On Cable - I fear that vanity & lack of experience as a Government Minister is undermining him, in the same way that it is undermining Clegg with a whole series of statements which subsequently turn out to be not justified by the facts. If you're going to call one side "charlatans" "old moaner", you also need to examine the coalition's record of what it says & what are the real facts. The problem is that ALL politicians think we are children who need to be told what we need to know & when there's something they'd rather we didn't know they lie/disguise it/cover it up/ or give misleading information about it. Much as I dislike the one-sidedness of Wikileaks (benefits the Russians/Chinese at the expense of the West), at least it does something to reduce the hypocrisy of politicians.

  • Comment number 30.

    "Some would argue Mr Cameron's decision to rebuke him rather than dismiss him shows that the coalition's grip on power is not as firm as it would like"

    Some others - me, in this case - would argue that Mr Cameron's decision to rebuke him rather than SUPPORT HIM TO THE HILT shows weakness of leadership and a fear of the media.

    Basically, Cable has said what a lot of MPs think, but do not have the courage to say - and this is on both sides of the house. The media in this country is powerful because we have let them become powerful.

    That power can not be and should not be reduced by legislation or by sanction but rather by standing up and telling it to go take a running jump. In the recording of Vince Cable he is basically saying that he was going to look at the issue head on and not be pushed around by the likes of Murdoch.

    It is a shame on the BBC house that the journalists decided to take the side of Murdoch and give Cable as rough a ride as possible this afternoon and ensure that this "media hater" is removed. Listening to the on camera commenting from various journalists it was a saddening display of kicking someone as hard as possible.

    Whether one agrees with Cable or not, today we have seen the media posse working at full force. It has been quite beneath contempt.

  • Comment number 31.

    First the tuition fees flip-flopping, and now this. Tell me, who is Mr.Bean now?

    Yours, Mr.G.Brown.

    PS Opposition is easy isn't it?...

  • Comment number 32.

    'Some would argue Mr Cameron's decision to rebuke him rather than dismiss him shows that the coalition's grip on power is not as firm as it would like - in that, perhaps, Mr Cable is still in his job because of the perceived damage he could do the solidarity of the coalition from the bankbenches.'

    Well, he has been in a lot of government meetings lately, has our Vince. Keep your enemies close, is that the game Cameron is playing?

    The Libs are in trouble. I reckon the students will start paying attention to the Tories, soon enough. And the Unions (don't forget, they are global these days) will turn on neoliberals in Labour.

    See Jo Stiglitz here (http://www.dailymotion.com/video/xyjto_beppegrillo-it-lavoro-e-globalizzaz_news%29

  • Comment number 33.

    The term "undercover reporter" just means "liar". The editor thought he'd try to manufacture some news by trying to get some LD MPs to be indiscreet, and scored with Vince Cable. Then a whistle-blower touted the bits they didn't print (for obvious reasons) round to Peston. What wonderful media we have. And all this while the stuff which really needs to be investigated goes on unhindered.
    The result is that politicians can't ever say what they really think, because it'll be seized on by "journalists".
    I hope that Cable rides this one out for a few months, gathers support, then breaks away from this appalling coalition to set the Lib Dems back up as an independent party.

  • Comment number 34.

    I’ve never met Vince Cable, nor am I ever likely to.
    However based on my inexperience of politicians (my own Labour one excepted as she was an absolute liar), I think I’m inclined to at least extend to Mr Cable the phrase ‘keep going Vince’.

    Which is tempered by the following.
    I’ve spent many years saving up to try and cover my kid’s potential university tuition fees. Based on the assumption that they would rise with inflation.
    But then Mr Cable: £3,000.00 to £9,000.00 isn’t quite inflation is it.

    So whilst I hope you keep on going, you’ve got to consider what you’re keeping on going for.

    If you’re going to fall in line with the ‘pass debt on to the young lot’, then may have the unremitting joy of going to your grave with it.

    So V.C. this is your chance, do you support:
    http://www.positivemoney.org.uk/

  • Comment number 35.

    I don't care for any of the Lib Con artists but am completely charmed by Mr Cable's
    hat.

  • Comment number 36.

    So if Biz.gov is to be amalgamated with the Culture 'n Media crowd, does that mean the future of UK economic growth will now only be seen in Media Ad Spiv terms? Is Jeremy Hhunt squeaky clean enough to be trusted with the BSkyB judgement? Best sweep the office for bugs/ giggly reporters/honeytraps or even honest constituents who agree with VC.

  • Comment number 37.

    Let me get this right – misrepresentation, deception, entrapment, unethical behaviour, and whistle-blowing – and it’s the recipient, not the perpetrators, who is held to account! Strange logic!!

  • Comment number 38.

    Cable may be clinging to his ministerial seat, but a large part of his department has been removed and the Prime Minister has described his comments as "totally unacceptable and inappropriate". I suspect that a lesser man would have resigned rather than face such ignominy.

    But Cable lost all credibility long before this latest episode with his broken pledge on tuition fees. This proves once again the Lib Dems have no honour and simply can't be trusted.

  • Comment number 39.

    Don't worry too much about Murdoch - News Corp is on the way down - it has invested almost exclusively in emphatically old, dinosaur media (tv, print newspapers, satellite), and has missed the boat on future trends.

    The way in which VC has been ambushed is despicable (and ought to be illegal - 'obtaining pecuniary advantage by deception', isn't that illegal already?)

    But this government IS fragile - at the very time when we need a government strong enough to confront unprecedented economic dangers......

  • Comment number 40.

    Well VC has been pushed away from the nuclear option onto the unclear option. Goodness that is quite a fence they are all sitting on in LibdemLand. Will the fence start to lean.

  • Comment number 41.

    1 NSH

    A dagger?

    Nope a bed of nails. Gloss painted and manicured of course.

  • Comment number 42.

    Jeremy Hunt is a young lad who will be complete putty in the hands of the Murdoch machine and his band of private secret service operatives - so the country will lose a large chunk of its reaming free(ish) media.

    The biggest problem for the country is the increase in, in this case, right wing extremism that will undoubtedly result. Extremism of left, right, agnostic or religious is a very dangerous and destructive force.

  • Comment number 43.

    Disappointing, but not surprising that this "leak" exposes Vince Cable as man with not quite the gravitas he thought he had. Pity really.

  • Comment number 44.

    In reply to lacplesis37, I was not making any attempt to praise the conservatives (or any other for that matter) - I was merely pointing out the in my opinion the coalition represents the best hope for the country's recovery, and that the media should stop headline-seeking and resorting to underhand tactics to manufacture 'news'. I was not seeking to make any political point when referring to the last government - they were arguably one of the worst the country has ever had to endure, from creating a debt on a massive scale to waging wars which some would hold as illegal. Politicians might think we are children because some adults are - witness the childish behaviour when the students disagreed with the government's policy on tuition fees or when some union leader or company chief exec doesn't get their own way.
    As for Wikileaks - to my mind they have done nothing wrong in publishing what they have, but like you, I do question their motives for the rather unbalanced reporting. Although they purport to be champions of free speech, they should be reminded that such an ideal carries with it a responsibility to present documents gleaned from all parts of the globe and not just a selected few countries.

  • Comment number 45.

    What kind of a democracy are we in, if a politician cannot say what he believes to his constituents? I am disgusted by the Telegraph's behaviour and by the general media and political reaction to it.

    I don't intend to spend a penny on anything associated with the Telegraph or News Corp until Rupert Murdoch is dead.

  • Comment number 46.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 47.

    Completely agree with your analysis Robert. I'm afraid old Vincey is a tad naive. He was about to curtail the power of the biggest media mogul in the world and he then allowed himself to be compromised.....or did he.......?
    Vince must learn that anyone can be a critic but leading and managing policy is completely different. Can Vincey be really that naive?

  • Comment number 48.

    So the decision on an ever bigger Murdoch Empire was to be made by a Liberal Cable and now it will be made by a Tory Hunt.

    Which is nice (as opposed to naughty).

  • Comment number 49.

    Naive and out of his depth. No more to say.

  • Comment number 50.

    Anything Mr Murdoch doesn't like is fine by me ....

  • Comment number 51.

    And Mr Hunt will have responsibility for deciding in early January whether News Corporation's bid for the 61 per cent of British Sky Broadcasting it doesn't own needs to be probed further by the Competition Commission.


    Well that's just fabulous. Well done Vince. I don't really blame him though, he was stitched up. I agree with your analysis Robert.

  • Comment number 52.

    30. At 21:32pm on 21st Dec 2010, Hastings wrote:

    Aye. Beneath contempt and heading towards FOX by the minute.

  • Comment number 53.

    Does the actions of Vince Cable and other Liberal Democrats not show how inexperienced they are in Government?

  • Comment number 54.

    it's funny that this has all come out the very same day that the EU have cleared the potential takover!

    anyway, meanwhile back in the real world _
    (from ftalphaville.co.uk)

    "This is not what the market was expecting from the latest UK public finances data on Tuesday — £22.8bn of public sector net borrowing in November, versus consensus forecasts of £17bn.

    Which has left us with the biggest public sector deficit on current budget since records began and also the biggest public sector net borrowing (PSNB) figure since records began."

    "And with data like these you really have to wonder what happens to the UK austerity experiment in 2011. It’s a year that’s promising reflation, interest rate rises, more worries in the big trading bloc next door to the UK — and throughout, feeble growth. That is not a great outlook for the government, we think. And let’s not even go into the eurozone exposure facing Her Majesty’s banks."


    The coalition is not long for this world in any case.

  • Comment number 55.

    When do the people get violent?

  • Comment number 56.

    I bet Cameron will be getting a real ticking off from Murdoch for letting someone like Cable close to having a say on his future. Still, crisis over. Phew!

  • Comment number 57.

    There are some really good programmes on Fox - like Freedom Watch - much more informative than anything you will see on Newsnight.

    Quite frankly if Vinny had been caught naked in a zoo I would still keep him if it meant the Labour Party could not get their grubby mits on the levers of power again.

  • Comment number 58.

    For anyone waiting on a comment from WOTW, I'll spare you the wait...

    -The revolution is here. It's happening all around us.
    -This time next year the people will have spoken, the capitalist system is broken and will be exposed for the failure that it is.
    -Blah de blah

    There you go - you can go to bed now.

  • Comment number 59.

    Great scoop Robert and you were right to publish.

    That said does anyone seriously think poor insipid little Jeremy Hunt is going to do anything other than give Rupert & Son exactly what they want? Jeremy will come up with a decision giving Rupert & Son 90% of what they want so he can pretend he is a big guy making the tough calls.

    I wonder if the banks are confident of putting one over on Vince and Nick now. If Vince now can't deliver on his banking rhetoric there is not much point to him being in government and if he is not in the government the Coalition will not survive.

    Finally it is increasingly clear that despite all the over blown rhetoric Ed Miliband just like Blair and Brown is desperate to court Murdoch. Look at the media staff he has chosen and the increasingly friendly tone of the Murdoch press. Poor Mr Cameron and Mr Coulson must have been wetting themselves at the thought of losing big Daddy Murdoch's support.

    Rather ironic that the Daily Telegraph has apparently succeeded in helping Murdoch obtain more control over the British press.

  • Comment number 60.

    Mr Cable in a very short time appears to have gone from being Superman to Mr Bean............or has that been said before.

  • Comment number 61.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 62.

    In response to DebtJuggler it was the time to oppose the excesses of the last Government when action should have been taken. Oh let's have a second aircraft carrier - no buy one get one free or refund within 28 days either just penalty clauses. After 12 years in power politicians are at there most dangerous or complacent - remember the Tory sleeze. People need to be more active in the constituencies otherwise your vote counts for nothing.

  • Comment number 63.

    Good on you Vince - more power to your elbow! Daily Telegraph - once a respected broadsheet but now a gutter tabloid.

  • Comment number 64.

    Does the actions of Vince Cable and other Liberal Democrats not show how inexperienced they are in Government?
    ---------------
    No.

    Firstly, if we accept the implied argument that only people with experience in government should be in government, then we should never change governments at all. Secondly, your argument only works if those parties with experience in government did not suffer embarrassments, scandals and strife within their own ranks. Since that is not the case at all, the actions of Cable and other Liberal Democrats cannot be said to intrinsically be related to governmental inexperience. Vince walking away from his minsterial car after being appointed, now that was a sign of governmental inexperience.

    Cable was in all probability putting the strongest possible light on his actions in order to look good to a constituent; if you are going to tell me that ministers of any other party have not and do not do the same, I simply cannot believe it. As far as 'scandals' go, these comments hardly even register, and of all the reasons people might turn their backs on the Lib Dems as a result of the Coalition, their inexperience at government leading to problems should rank very low on the list.

    ----------
    The coalition is not long for this world in any case.
    ----------
    With every hiccup, real or manufactured, jumped on by a media who collectively cannot seem to fathom that, yes, the partners can disagree and still hammer out a deal and it is not the end of the world, and seem to revel in whipping up the public to that effect, then you may well be right, especially once the more unpopular policies actually start to hit home. But I put it to you that the end of the Coalition so soon helps no-one, not even the opposition, who by their own admission have not yet formulated their new policy directions on many issues. How can I consider voting Labour when for all I know their solutions, when they emerge, might be worse for many of the key issues?
    ------------
    Cable may be clinging to his ministerial seat, but a large part of his department has been removed and the Prime Minister has described his comments as "totally unacceptable and inappropriate". I suspect that a lesser man would have resigned rather than face such ignominy.
    -------------
    I for one am glad he did not resign - although the remarks can be seen as embarrasing, they do not seem sack worthy, and when someone obviously does not think they deserve to go because the whole affair is preposterously inflated in importance, as today, it infuriates me when they 'resign' as if that forced resignation in any way salvages dignity any more than being sacked would.

    Not sure how large a diminution of authority it is though. Robert says 50 civil servants, and I've no idea how many decisions are no longer within his purview, but given the consensus is in a majority government he would have been forced to leave for what I regard as a nothing story making his position untenable, that he has kept his brief means the 'punishment' is barely worthy of the name and hardly ignominious. His remarks being called out by the PM is just small fry.

  • Comment number 65.

    So when does Murdoch become our unelected PM ?

    Cable may be niave but has sensed public opinion

  • Comment number 66.

    64@23.53pm on 21st Dec 2010 Kieran wrote

    Thanks mate - you saved me from having to explain my opinions at midnight and just having experienced a small earthquake.

  • Comment number 67.

    Media organisations in the United States are following the developments in relation to the Murdoch empire in the UK with interest.

    http://mediamatters.org/blog/201012160014

  • Comment number 68.

    When Cable was passing his thoughts and comments on bankers, their bonuses and banking system in this country, never mind the expenses scandals around 18 months ago he gained popular support because of his 50/50 chance call on the economy.

    It was at the time also an opinion that everyone wanted to believe, because they and the then Government all needed a scapegoat and it was an easy quarry. I was a voice that didn't follow the herd in believing what he said.

    Just go back to the blogs at the time and see what I said. Much of what he said at the time was not based on factual accuracy but carried his own particular stamp to get more popular opinion to make him out as the guru which clearly to me, he wasn't.

    So some 18 months later that same herd are about to do an about face and criticise the man who they lauded as their saviour. Well done Mr P...18 months behind the truth about this guy...wafer thin and struggling to control the world he now moves in as events of this week clearly show.

    Time for another scapegoat... except this time, it will be the right call... and time for his previous indoctrination to be wiped from the record.

  • Comment number 69.

    Can we have the names of the Telegraph journalists? I'd like to know who it was that kicked off the demise of the BBC.

  • Comment number 70.

    58 Blacksheep....

    Yes I too have been thinking about WOTW's philolosophy - I think you sum it up quite succinctly. Revolution to nowhere despite all his "educated" answers

    Mind you if he does get his way , there will be loads of people out of work and jobs disbanded if they don't produce anything of value...there are loads more in that category beyond is banking fall guys and what would he do with all those that are happy doing nothing and produce nothing.

    Would he "make" them work, deny their benefits or put them at the head of the gravy train to nowhere ?

    Just wondering as I am worrying.

    I do worry about his skewed opinions affecting others.

  • Comment number 71.

    I am extremely unhappy about the comments Vince Cable made because it means I'm going to have to reconsider my blanket contempt for LibDem ministers and give him credit for this.

    Firstly he's right about Cameron et al - they are the window dressing that conceals the reality of the Conservative Party who are in many ways the Bankers' Party: ardent deregulators, tax cutters and the rich - unreconstructed libertarians to a man (& woman).

    Cameron made the Tories electable again - but not quite - he had to bring in the LibDems to have a majority - but to do so Cameron had to swallow Cable's ideas about the problems with the banks and the City, and in doing so as far as the rank & file Tories are concerned, he has clutched a viper to their collective chests.

    Cable's indiscretiions are interesting, but Andrew Tyrie, chairman of the Treasury Select Committee's comments today about the coalition's efforts so far - detailed in a document called the Path to Strong, Sustainable and Balanced Growth - were "insubstantial" - are in many ways more interesting, coming from within the True Blue camp.

    With goverment borrowing still rising despite all the talks of cuts, you must remember that the British economy will follow the trajectory of Ireland's collapse unless the private sector creates 2.7M NET NEW jobs, invests £600 Bn in manufacturing capacity and grows our exports by a third over this Parliament.

    If this does not happen we face a much worse meltdown than in Eire as the pound will be hammered through the floor - the £10 litre of petrol - the £5 loaf of bread and base rates at 10% to defend the currency, plus a 50% fall in house prices.

    Sooner or later Cameron is going to have to choose - carry on with the supply side dogma of cutting the state and regulation as the answer to everything - or resognise the reality of the market's failure to deliver.

    Cable is at least in touch with the reality of the problem - but the Tory Party faithful aren't interested in solving the problems - all thy want is to be able to continue with the banking gravytrain and the excesses of the City of London - the rest of us can go to hell.

  • Comment number 72.

    Hang on, let's just go back a bit,...so does this make Peston a snitch!? tittle tattling to the masses as if its a school playground!!...i do find it worrying that a News media Journo could exact a final blow of a hammer to a nail and have a profound effect on government!!....
    Ahhhh the powerrrrr!!!!

  • Comment number 73.

    Whatever people say about Cable he clearly is:

    1. arrogant - who says all that "nuclear button stuff" without thinking he is the best thing since sliced bread
    2. totally stupid - a sting where the other side laugh in your face during the recording

    Whatever people think about his position he is clearly lacking the IQ to hold the post. Even if you agree with him he cannot deliver your hopes due to his stupidity.

    I have to say that recording is how I imagine him to be - arrogant and full of rubbish. He didn't predict the financial crash yet built his reputation on suggesting that he saw it coming. See the Andrew O'Neil interview to watch Cable squirm, without a hat.

  • Comment number 74.

    "Does Rupert Murdoch own too much of the British media already? Should he be allowed to own more?". The answers to these questions are "Yes" and "No" respectively and so obviously so that I fail to see why it takes an expensive investigation and a minister acting in a semi judicial role to generate them.

  • Comment number 75.

    I think the most unfortunate outcome would be that the Sky buyout that Cable should have stopped taking place, is now much more likely to go through.

  • Comment number 76.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 77.

    I think Vince Cable is right Murdock needs to be controlled. I have just turned on BBC1 and Sian is wearing a beautiful dress this morning and looks fantastic.

  • Comment number 78.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 79.

    Interesting that the BBC coverage this morning contains nothing in the way of a) criticism of the Telegraph, b) criticism of this sort of "journalism" in general or c) any reactions supportive of Cable. I wonder why that is.

  • Comment number 80.

    william gilmore is right....that dress is a corker

  • Comment number 81.

    Before the leak:
    Cameron: What do you want to do about News Corp
    Cable: I will stop them getting complete ownership of BSkyB
    Cameron: Oh dear. I think that is the wrong decision.
    Cable: Why? I thought it was my decision.
    Cameron: In a business sense it was your decision. But I have to take a wider view. Many of my MPs like Rupert's free market approach and I don't want to upset them. A lot of the Sun's readership are going to suffer under the CSR. At the moment The Murdoch papers are supporting us. We wouldn't want them turning against us. So, Vince, I am instructing you to allow them to buy the remaining 61%

    After the leak:
    Cameron: What do you want to do about News Corp?
    Hunt: You know I am one of Rupert's greatest fans.
    Cameron: Excellent. So Rupert will get what he wants. The party will be pleased and the press will keep on supporting us. I wasn't looking forward to telling Vince that he had to approve the bid.

    Vince thinking about the Telegraph: Thank you. I didn't want to be pushed into yet another decision I disagreed with. They have shown that the LibDems are alive and kicking. If we don't start making noises now, nobody will believe us in 2014/5 when we start campaigning claiming to be quite distinct from the Tories.

    Out in the country away from the Village of Westminster and its myopic Political Correspondents: Perhaps the LibDems do still exist after all

    What Clegg should be thinking is that now the LibDems have had experience of government, we should be developing quietly and slowly distinctive policies which over the next couple of years become their identity. They can say that they have had to give way to the Tories in order to give the country stability, but they would actually prefer a different route. If you look at other successful countries with coalitions you still know what each party stands for. In Britain we assume that the junior coalition party just stays quiet and obediently supports the governmennt. That will lead to the end of the LibDems.

    So if you are not a fan of two party politics you should be thanking the Telegraph. They've helped relaunch the LibDems. Nick Clegg, however, needs to think where his party is going. If he doesn't get it right they could kick him out in 2013. Especially if the polls are looking really bad and they don't make their usual by-election gains.

  • Comment number 82.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 83.

    Oh YES! The wife and I cracked open a bottle of Crystal last night to celebrate! And to fall for a honey trap? you couldnt make it up!

    As a direct result of the populist bankbashing of this fool before the election, for the first time in my life I voted Tory in May. We are in an adjacent constituancy to Twickernham and we actually have a pretty decent sitting Lib Dem MP.

    Does Cable not understand the job of an MP? To improve the lives of his constituants? Where does he think all those who board the train at Twickernam for Waterloo are going to? to jobs in the City of course ( I know as i get on at the next stop)., and yet he has done everything he can to destroy those jobs. What does he want us to do Flip burgers or become X-factor wannabees? other than financial services thats all thats left in the south east. Still, his power has gone so he is no longer a threat to our jobs,

    Lib dems might even get my vote back next time and i have liked most of the coalition polcies so far, with higher education cuts and housing benefits cuts the standouts so far.

  • Comment number 84.

    So it's Job Done (with a little help from 'old boys') for the Torygraph and the real seat of power the Lib Dems neutralised. How very Machiavellian.

  • Comment number 85.

    re #58
    Chuckle of the Day Award. Candidate for the Week/Month/Year Trophies as well!

  • Comment number 86.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 87.

    Sorry Robert,
    News reporters who make 'inaccurate suppositions' about Westminster politicians i.e. that "He will have to go", whilst purporting to be knowledgable and giving a running commentary, ought in the public's interest, to be censured by their employers for having broadcast misleading opinions, live 'on-air' - or live on the web.

    They should be made both responsible and accountable for the stories they broadcast: - especially when it transpires that there is no truth in the points they make in their reports. I'm referring here to some of the BBC News coverage. The idea of trying to make people who appear to have spoken out of turn; then resign, is both negative and hateful.

    If news reporters speculate in this way, using their positions in the public gaze, it is they who should be being asked to resign their posts.  Otherwise, they'll keep getting away with making irresponsible news comment, instead of simply reporting the news as it actually happens; valid comment being acceptable of course.

  • Comment number 88.

    A minor case of poor judgement. The information that slipped out suggests he is resisting the party of evil - so overall it is to his credit.

    I would be interested to learn about some of the half baked tory schemes he has fought off.

    Have you got any more whistle blowers Robert?

  • Comment number 89.

    It was poor judgement on your part to release this news, Peston.

    And I don't believe you went and removed all the comments in the previous blog who are critical of your decision.

    Very poor.

  • Comment number 90.

    What an easy decision for Mr Hunt to make. More power and right wing media drivel for the country, courtesy of Mr Murdoch..
    Mr Hunt was investigated by the parliamentary commissioner in 2009 for allowing his political agent to live in his taxpayer funded home in Farnham as a lodger, a serious breach of the rules, and had to pay back £9,558.50. The commissioner considered it a serious matter that Mr Hunt allowed his constituency agent to stay with him in his second home rent-free while claiming the full costs from parliamentary allowances.
    Hunt had to pay back £1,996 for claiming the expenses of his Farnham home whilst claiming the mortgage of his Hammersmith home. A further breach of the rules.
    In 2007 Hunt accidentally submitted the same claim twice for office supplies. He paid back the £659.75 in 2009.
    Hunt over-claimed on council tax. He over-claimed by £635.48 during the period from May 2005 to March 2008. This was due to clerical mistakes, mainly claiming for 12 months when council tax is only charged for 10 months. Hunt therefore refunded the parliamentary authorities in 2009.
    Hunt filed an expenses claim for one penny to cover the cost of a 12-second mobile phone call.
    Mr Hunt's wealth is estimated at £4.1m.

  • Comment number 91.

    85. up2snuf.
    More of your inane rubbish. Rubbish post of the day award to you (to go with your ever increasing collection)

  • Comment number 92.

    1. As an aside I do wonder whether media investigations/traps may in the end make it more difficult for the electorate to speak with their mps or communicate with ministers/departments. There are times when many of us would prefer a simplified/straight forward response or to have a feeling for a politician's natural leanings - when it becomes dangerous for them to be able to show this we and democracy may all be greatly diminshed.

    2. Accessibility to MPs is already challenged by their physical safety (e.g the terrible Stephen Timms case), let's not limit the intellectual access as well.

  • Comment number 93.

    IT Geek @ 83 I am afraid the world of politics and banking regulation might be a little more complicated than a computer programme.

    I suspect this bust up about Murdoch may actually strengthen Cable and the LibDems in relation to bonuses and (more importantly) banking reform. If the LibDems do not make progress on those issues query what it is that they get out of being in Coalition. Remember banking reform was the number one item in the coalition agreement.

    If the banks fail to back down on bonuses they will outrage the public making significant banking reform even more likely. The banks may well create jobs in the commuter belt around London but those seats are not enough to deliver government.

    If I waas a Labour politician I would be praying for thhe banks to pay out huge bonuses - it would just make my life so much easier.

  • Comment number 94.

    58 BLACKSHEEP44.
    Superb post blacksheep. Real high quality blogging. Im sure you must hold down a very influential and distinguished job......... yawn.
    Incidentally...you may laugh about revolution but some people want to change the way things are and make peoples lives better. They can clearly see a system of greed and explotation and poverty AND ARE DOING SOMETHING ABOUT IT.. Others of course just dont care. A sort of selfish, ignorant position.

  • Comment number 95.

    RE POST 82
    Comments on the BBC blogs may be removed if they are considered likely to provoke, attack or offend others, use swear words, or disrupt the message boards.

    Come on Mods ... the whole Blogosphere must know you've got it in for me ... there is nothing in 82 that has not alreday been printed and passed BBC moderation many many times in terms of personal opinions

    ....................................................
    also

    25. At 21:01pm on 21st Dec 2010, WrekinAir wrote:

    Good on you Vince, tell it like it is, no spin, no bullshit.

    Since when has HONESTY been a sin?

    Those who live in ephemeral media-houses or political ego-houses should be oh so careful what they cast - in their utter hypocrisy!

    .......................
    I see that those who ... provoke, attack or offend others, use swear words, or disrupt the message boards in favour of Cable ... get through moderation?

  • Comment number 96.

    82 altered

    I told you that the immigration goon needed sacking - his propensity for Jon Smith and Harold Wilson policy keeps getting the better of him

    Sack him and bonkers useless Hxxxx with him - British people need process added value and British jobs xxxxxxxxxxxxxxxxxxx

    British people are still losing their homes, jobs, savings, pensions, marriages, sanity, ... what is the role of Business Secretary supposed to deliver?

    His socialist back stabbing is distracting from the task at hand ... every greedy banker in the UK is sitting there laughing and merrily calculating their receipt of a bonus and thinking ... thank goodness for xxxxxxxxxxxxxxxx Cable ... and giving me a visa to the UK ... for stealing

  • Comment number 97.

    Vince Cable Slip or Slide to the left?

    Vince Cable has quite obviously been struggling to control his conscience at being a member of a conservative government that is following self interested policies which are intended to rob the nation of all Public assets. He must be fully aware, that when public assets are sold to the Governments preferred bidders; they will fall into the hands of Conservative Party backers and bankers.

    His unfortunate public slip up would appear to result from a combination of his own bad conscience and elevated ego. Vince needs to return to his own principles and resign from this disastrous government and return to his natural place leading a liberal opposition to the destruction of our education system our public services and our national “British” identity.

    Prime Minister Cameron’s credo appears to be “Divide and Rule”.
    Vince Cable’s credo should be “Leave and Lead”.

  • Comment number 98.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 99.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 100.

    What is the purpose/role of business secretary?

    Cable has messed up big time at the crucial time:-

    bank bonuses
    many competition issues including media, supermarkets, imports etc
    immigration
    universities and fees

    Cable is the centre of it all and it is all going the way of vested interests which is excactly what Cable said he would try and tackle

    Not a murmer from Cable regading constitutional rights and privileges, startegic issues regarding bank competition and opportunity cost of UK plc investment being lost overseas, Cadbury's law ... not a murmer

    Let's face it ... Cable is no better than Mandelson in this role ... and his weakness and errors ... will cost the UK taxpayer and British workers and English students, particularly - a great deal going forward

 

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