October 26th, 2011

Forty Cases of Financial Mismanagement in Cable’s Expenses

Dr. and St. Vince Cable has said he made “an honest mistake” over his VAT avoidance and that it was “embarrassing and I should have spotted it sooner”. He’s attempting to make this look like a one-off piece of financial mismanagement in order to minimise the obvious “if he can’t run his own business affairs, why should anyone else listen to him” line of questioning. But is this case really a one-off? 

A look at Vince’s parliamentary expenses claims from the last few years show a trail of financial mismanagement. His claims are littered with with late fees, reminder letters and overdue notices. His electricity supplier, British Gas and BT have all sent letters stating their intention to disconnect him for non-payment. It appears he also thought it appropriate to charge the taxpayer for £240 of fines for not paying his fees on time. By Guido’s count there were nineteen late notices or threats in 05-06, thirteen in 06-07, and eight in 07-08. Were these honest mistakes too, or complete incompetence? 


306 Comments

  1. 1
    Billy Bowden is the greatest umpire ever ! says:

    Care in the community has failed.

    Fact!

    Like

  2. 2
    Bled White Taxpayer says:

    At the very least, he should not have claimed my money for his overdue charges.

    Like

    • 21
      Real Estate Cult says:

      Wouldn’t that involve a level of common decency?

      Like

      • 159
        alister t says:

        MPs in their second homes have NO desire to shop around for the cheapest deal – why should they? We’re paying for it after all NOT them so why choose a cheap option?

        Like

  3. 3
    Edinburgh is an unaccountable game playing illiberal shithole. Can't wait to leave. says:

    Oh dear! :)

    Like

    • 126
      BillyBob... says:

      Chop off ‘is knob…the knob !!

      Like

      • 141
        Tessa Tickles says:

        Yes, but do it imaginatively. Why not coat his nob in treacle, and then add a few hundred lesser-spotted angry treacle-eating warrior ants (hungry ones that really like treacle but which haven’t had any for quite a while) and let them feast?

        Like

        • 289
          Ant E Freeze says:

          Tessa – you have finally revealed your true self, you termig ant.

          I’ll close the door on the way ut!

          Like

  4. 5
    tommy5dollar says:

    Well, to be fair, Vince’s job in the government is to make decisions, not implement them. I’m sure he knows he’s supposed to pay his bills on time and thinks it’s a good idea… he just doesn’t actually do it.

    Like

  5. 6
    genghiz the kahn says:

    Is he organising a piss up in a brewery or will he forget the alcohol?

    Like

  6. 7
    A 2nd class citizen says:

    Oh my god. I thought I was bad by delaying payments for leccy bills for a few weeks. That is appalling. It is not as if he is skint like most of us are at the moment.

    Like

    • 15
      Cell time says:

      The comfort of someone else paying the fines, completely unsuitable to hold financial responsibility for even his own money, let alone the Nations’ and the unborn generation yet to inherit the national debt.

      The Man is a joke, quite a good one when he made it, now several years distant

      Like

      • 47
        nell says:

        Usually in a marriage one partner or the other is good at handling the fimaily’s finances and making sure the bills are paid on time.

        Obviously vince’s wife is not any good at it either.

        Like

      • 103
        Frpm mock the week to ministerial office says:

        Never has someone dined out for so long on one good joke

        Like

    • 224
      AC1 says:

      Do anyone else think all politicians should have their credit score printed on their ballot paper?

      Like

      • 293
        Biffo says:

        Yes, definitely – also their annual expenses claims for the previous 5 years (assuming they’re not brand new PPCs).

        Like

  7. 8
    Fenlander says:

    How the h*ll is he claiming for gas and electricity bills etc when he is the MP for Twickenham? I live north of Huntingdon and do a two hour commute each way into London daily, and no one pays my sodding bills apart from me. Twickenham isn’t more than ten miles from Westminster.

    Like

    • 45
      nell says:

      You have my admiration for commuting everyday to work.

      I commuted to london yesterday but not for work and by the time I got home I was shattered. The thought of doing that everyday – I couldn’t do it! People like vince of course don’t have to deal with public transport , they have ministerial cars . I guess that’s why he and his mates are so out of touch with reality.

      Though I have to give the trains their due they were running well on time- only complaint is why are there no seats at kingscross as you wait around for a platform for your train to be called. Plenty of space nowhere to sit.

      Like

  8. 9
    Pistoff says:

    This is what you get in coalitions-instead of the usual 2nd and 3rd rate people being appointed ministers, you get 10th rate plonkers like Cable, just keep the junior partners happy.

    Like

  9. 10
    Billy Bowden is the greatest umpire ever ! says:

    This shows why we need small government, if we have small goverment then it wont affect many people, that means we taxpayers can get on with our lives and do something produtive!

    Like

  10. 12

    I side with Vince on this one. I hold a letter in my hand from the HMRC which states that it is entirely legal for my “crook of an accountant” to claim and keep MY VAT refund!

    My receipts, is money in his pocket!

    Crime does pay.

    Like

    • 16

      I should state, he claimed on receipts after I fired him as well. Apparently that still isn’t against the law according to the HMRC.

      Small business in this country isn’t worth the pain.

      Like

      • 26
        I Hate Tesco AND the Pope says:

        Please clarify a little, GB. You mean he claimed on YOUR receipts? I have a problem with MY accountant. I just found out he was struck off years ago and the letters after his name – FBSC – appear to have nothing to do with accountancy! You’re not wrong about small business. We work our butts off so the street scum can sit on THEIR butts smoking and watching shite just like them on Jeremy Kyle. They have their free TV licence and free food and heating, breeding feral tossers that will be on benefits for as long as they keep breathing.

        Like

      • 35

        Technically it would depend upon the terms of the agreement you must have signed with him. There will be provisions for termination of the agreement. That will state what they may be expected to do, or not, in such circumstances.

        Like

  11. 13
    Anthropith says:

    Exclusive spy footage from the Eurozone financial crisis talks in Brussels 26/10/11

    Like

  12. 14
    MajorFrustration says:

    A pompus opinionated dickhead with a high level of self importance. Deserves to sit on the Labour benches then we will know where we are.

    Like

  13. 17
    Cato Street Conspirator says:

    Bye, Vince, it’s been good to know you.

    Like

  14. 19
    A 2nd class citizen says:

    Does the tax payer pay his leccy bills etc while he has a salary to pay for them? I thought all that nonsense had been sorted out?

    Like

    • 37
      Archer Karcher says:

      Let me clarify the what the Rt. Honourable Member for Twickenham pays for, absolutely nothing. You on the other hand, pay for everything. Oh and Vince’s bills, food, phones, heating, electricity, computers, repairs, insurance, travel, gardener, cleaner, Sky subscription, you name it, you pay for it, good eh?

      Like

  15. 20
    Ian Davidson says:

    I’ll be doing you if this leaks to the media.

    Like

  16. 22
    Blind leading blind says:

    “Despite the crisis in Euroland the Euro MP’s have today voted against reducing the 4,300 € they can each claim in unjustified costs each month.”

    Crisis, what crisis?

    Like

    • 48
      The Paragnostic says:

      Nige has to have his fag money, after all…

      And the party that dare not speak its name has no other source of income…

      Like

      • 229
        AC1 says:

        Nigel Farage MEP
        “I’ll be on Radio 4’s ‘You and Yours’ again today talking about why I favour a reduction in MEP expenses.”

        Like

        • 238
          The Paragnostic says:

          Nigel Farage MEP: “There’s no way even I can smoke 3 and a half grand’s worth of Marlboro in a month.”

          A bit tight, I know – I really do like Farage, if for no other reason than that he adds to the gaiety of life. We could do with a few more like him and a lot fewer like <insert random MP here – almost any one will do>.

          Like

          • “insert random MP here” – snap! clean in half – next…

            {You have extended your routine to include “greater than” and “lesser than” by the looks of it.}

            Like

          • The Paragnostic says:

            Nope, though I am going to have to change it to accept the HTML italic and strike tags without mangling them.

            I’ve spent a couple of hours this evening working out how to sort Wordpress (the blog software) so that the modding can be more sensible – ‘out of the box’, it won’t allow the inclusion of ‘European’ and the exclusion of ‘pea’, but commenting out one line of code fixes it so that intelligent matching can be used. No idea why the author put that particular line in there, but there you go…

            So if Guido reads this – the offer stands to fix the modding, and provide easy instructions on how to include/exclude words.

            Like

  17. 24
    Nick Unitt says:

    The old fart is a clown . Before the election he was billed as Britains financial savour . Vat saver more like

    Like

  18. 25
    Max says:

    his only good point was his Mr Bean quip

    Like

  19. 28
    Terrible But True says:

    What are they polishing that big shiny cabinet table with?

    First Gordon and his GOATs, now an opposition line up only the BBC could love.

    Now, Vince, Huhne, Fox, Letwin…

    Is there anyone in theory running this country who is not either thick or corrupt or both?

    Like

  20. 30
    jm says:

    I bet his fine should have been a lot more than £1000.

    The VAT threshold applies to your sales for a rolling 12 month period. Looking at the figures, I believe he exceeded the threshold in June 2010, because of the increase in his income. (I note that he also received booze and food in lieu of fees on some occaisions and, unsuprisingly, the value of these counts toward your sales). Also note that the threshold NOW is £73,000 but when he went over it – whenever in 2009/10 that was- the threshold then was £70,000.

    Then we have the accountants obfuscating the issue with their statement that he only had to pay £15000 in tax because of his charitable donations. They are, of course, not referring to VAT – for which there are no deductions for donations – but to his income tax bill.

    Because of the nature of his sales, his deductible inputs (expenses) would have been minimal. The VAT due would have been most likely nearly £25,000.

    The period between June 2010 and January 2011 is more than 18 months, so the fine is at 15%, not 10%.

    So my feeling is that St Vince was let off about £3000 in fines, not £500.

    Like

  21. 31
    Billy Bowden is the greatest umpire ever ! says:

    Like

  22. 32
    nell says:

    Just as with his vat debt – he obviously was not aware that one has to pay for one’s own gas and electricity so did not recognise the gas and electricity bills turning up at his home as a debt he had incurred.

    Like

  23. 34
    Vince Cable's rucksack says:

    He still owes me. (And I’ve got his lunch).

    Like

    • 39
      Dale Farm Redux ?? says:

      O/T Spokesman for OccupyLSX tells BBC that the Corporation of London can try to evict them but they’ll find it’s an absolute minefield as to who actually owns the land and whilst they can try he would remind them that whilst the Corporation have rights we also have rights enshrined in both British and European law to peaceful protest…..meanwhile he says that St Paul’s have no problem with them and they have reached mutual agreemeent with Cathedral which will open for worship tomorrow shortly follwed by re-opening the cafe……

      Like

    • 54
      Moddy Botty says:

      You are disposable

      Like

  24. 38
    Moddy Botty says:

    I remember a Tory chancellor of the exchequer who had not paid his Thresher’s wine bill, don’t you Guido?I hope that your VAT bill is up to date can be a pig to fill in you have to keep on top of it

    Like

  25. 41
    Tachybaptus says:

    Politicians don’t live in the real world, they live in a little safe, privileged bubble where they can be safe from bailiffs, arrest, violence. Perhaps the main reason that people enter politics is to get into this protected bubble.

    If you want to see what the bubble looks like, take a walk through Connaught Square near Marble Arch, where Blair lives, and observe the number of policemen (paid for by us, of course) guarding him from the justified rage of the people. I advise keeping to the east side of the square: if you walk up the west side where his house is, you are likely to be stopped and searched.

    Like

    • 58
      Moddy Botty says:

      Tachy they certainly loose touch with reality, once they start listening to their advisers who tell them what they want to hear, most of the advisors are totaly lost outside the boundaries of the M25 so the adviers lose touch with reality outside with what is happening outside London, heaven help us!

      Like

      • 69
        Moddy Botty says:

        Another thing Tachy, when senior politicos call at hospitals, go walk abouts etc they are staged managed so that they appear to have adoring plebs cheering for them. Folks know how things are affecting themselves in, health, work, rising housing costs etc without politicos parading about being cheered by their accolites

        Like

        • 71
          Moddy Botty says:

          And I did not mention Murdocher & co or any of the favoured ones

          Like

          • blurinsed from vegas, our oiving is doing very well says:

            Chuensen and favoured by their own?
            Does Vince cover his bald patch with a small hat most Fridays?

            Like

    • 83

      “O Fortune, I think I am becoming a god”

      Like

  26. 42
    Popeye says:

    Complete incompetence of course.
    This man is a complete disaster and a Liberal to boot. He dithers states the blindingly obvious and then backtracks, sack the fool.

    Like

  27. 49
    U whinge but let's C U come up w/something better says:

    Probably can’t Direct-Debit; what account would it come from? But here’s a solution, thinking outside the box as we say: How’s about putting the light and gas on your credit card, pay that through auto-pay, and submit those expenses? Oh, right, it’s Cable we’re talking about– might have maxed the credit card out lo these many moons ago…

    Like

  28. 53
    An Englishman says:

    You call Cable a VAT avoider, but that’s wrong.

    Tax Avoidance is taking legally valid steps to avoid paying more tax than legally necessary, and it is neither illegal nor immoral.

    Cable was attempting to pay less tax than legally necessary. That is Tax Evasion, and it is certainly illegal and not very moral.

    Cable is two-faced or incompetent or most likely both – a typical bloody socialist, in fact.

    Like

  29. 55
    ERIK ERIKSON'S MUM says:

    Makes you sick…

    Like

  30. 57
    Tuscan Tony says:

    What would be interesting of the 40 mistakes would be the ratio between those in his financial favour and those against. Should be around 50/50 of course.

    Like

    • 62
      nell says:

      Oh you mean like not claiming for expenses he was entitled to?

      Like

      • 66
        Tuscan Tony says:

        There should be as many underclaims as overclaims if it was genuine sloppiness although like undiscovered murders it would be hard to spot them.

        Like

        • 80

          He doesn’t seem to have claimed for a care assistant, warm tartan blanket or someone to help with the freeview retuning, all of which he is entitled to.

          He’s either forgetful, unaware or just sparing the taxpayer expense.

          Or he might be senile.

          Like

          • nell says:

            No disrespect but I bet he’s sharp as a button, rather like mcshame, when it comes to claiming the maximum expenses he can get his hands on each year.

            Every photocopying cartidge, every sheet of paper, every envelope, every stamp, every lunch at that michelin rated restaurant……………………….

            Like

        • 101

          Perhaps the fourth state, missed by Donald Rumsfeld, of unknown knowns; that is to say those that which we don’t know or intentionally refuse to acknowledge that we do know.

          Like

          • The Paragnostic says:

            Ah – but maybe Rumsfeld did know and refused to acknowledge it?

            After long exposure to Dr Strangelove as a youth, I always found Rumsfeld comically sinister.

            Like

          • Rather liked the chap myself – a model of clarity. But he did not start this thing off.

            From the Persian, Yamin, of the thirteenth century comes this:

            One who knows and knows that he knows… His horse of wisdom will reach the skies.
            One who knows, but doesn’t know that he knows… He is fast asleep, so you should wake him up!
            One who doesn’t know, but knows that he doesn’t know… His limping mule will eventually get him home.
            One who doesn’t know and doesn’t know that he doesn’t know… He will be eternally lost in his hopeless oblivion!

            Like

          • Cell time says:

            Rather liked him too. Recognised his basic description of the learning ladder from GS O level and have always found his award for Bad English satirically hilarious

            Like

          • The quotation is impeccable, syntactically, semantically, logically, and rhetorically. There is nothing baffling about its language at all.

            Geoffrey K. Pullum

            Like

          • The Paragnostic says:

            Shouldn’t there be a semi-colon after impeccable, Cat?

            I’ll get my coat…

            Like

          • Your remarks need to be directed towards Mr Pullum.

            Hey! That’s my coat…

            Like

          • Ant E Freeze says:

            My gran used to say:
            The more you learn, the more you know.
            The more you know, the more you forget.
            The more you forget, the less you know.
            The less you know, the less you forget.
            The less you forget, the more you know.
            So why learn?

            Like

          • And she learned all that off by heart?

            Like

  31. 65
    Billy Bowden is the greatest umpire ever ! says:

    Like

    • 86
      The Paragnostic says:

      Not really – if you read the article, the threat of a lawsuit for defamation came before it became obvious that NI (or at least the NOTW) had been up to their necks in phone “hacking”.

      That the BBC was biased is obviously true, and that they acted out of self-interest is arguable, but since NI are now having to accept that the NOTW was a hotbed of journalistic malpractice, I don’t see them pursuing a claim against the Bolsheviks.

      I still maintain that Article 10 of the ECHR will sink the BBC, if it ever comes to court…

      Like

      • 123
        CYNICAL OLD MAN says:

        Paragnostic, you may be correct in your summary, but no one can deny that the BBC went overboard with the hacking claims, maximising EVERY allegation against News International, however spurious. They gave maximum airtime to that fat expenses fiddler, Tom Watson and the shyster Mark Lewis who demonised the Murdochs at every opportunity. No allegation was too much for the Beeb, who willingly broadcast what effectively became anti-Murdoch propaganda.

        Don’t forget also that The Beeb was , in effect, openly campaigning against the takeover of BSkyB by the Murdochs before the shit hit the fan and the hacking scandal neatly segued into that. That they went into anti-Murdoch overdrive to the extent that the Beeb’s news output was completely dominated by it is beyond doubt.

        A case could be made that the BBC used its privileged status as state broadcaster to damage a commercial rival.

        Like

        • 260
          The Paragnostic says:

          I’m sure they did, and they should be censured for it.

          But I can’t imagine Chris Patten (as chairman of the BBC Trust) going on the attack – in the immortal words of Denis Healey, it would be like being savaged by a dead sheep.

          Like

      • 234
        AC1 says:

        AlJaBeebya seems to have forgotten non-Murdoch Tabloids also hacked phones though….

        Like

        • 239
          nell says:

          AlJaBeeba didn’t forget!!

          They do what the politician do – obfuscate, lie, sleight of hand

          Who do you think taught the politicians their trade??!!

          Like

        • 244
          The Paragnostic says:

          I’m sure that the fine upstanding Mirror hacks would never do such a thing. And the Guardian is a model of probity.

          I wouldn’t be surprised to learn that Panorama has overstepped the mark on occasion, either.

          Like

  32. 68
    Kered Ybretsae says:

    Marvellous innit, this geezer can’t manage his own financial affairs correctly, but he wants to tell everyone how to manage theirs! Don’t do as I do…..do as I say. Another Incompetent, Dishonourable Delboy soon to bite the dust, we trust!!!!!

    Like

    • 145
      Cell time says:

      If I was Cameron I would comment publicly that he expects Clegg to take some decisive action with Cabele to start rebuiling the trust between Politicians and the Electorate.

      Like

  33. 72
    Fitbad the Tailor says:

    The VAT threshold is something all unregistered small businesses need to keep an eye on and its understandable if the threshold is marginally exceeded for the first time and registration applied for in retrospect.

    But Cable went hugely over the threshold either without noticing it or in ignorance of the law. Either way, thats gross incompetence. The other possibility (i.e. deliberate evasion) is of course worse.

    Like

    • 76
      Ed Balls says:

      If he had supported my VAT cut he wouldn’t be in this mess.

      Like

    • 81
      nell says:

      He is the business minister who has said he has extensive knowledge of our business regulations and who claimed , long before his appointment, to be an expert in such matters. Furthermore he does have accountants dealing with his personal business matters.

      It seems inconceivable that he could run up vat, electricity gas and various other debts without noticing. You and I wouldn’t get away with such a flimsy defence.

      Like

  34. 77

    The words, “an honest mistake”, coming from a politician, constitute an irrevocable admission of guilt.

    Like

    • 89
      The Paragnostic says:

      “Mistakes were made” is the usual formulation these days – as if the passive voice exempts the politician in question from responsibility for his / her actions.

      It started under Labour, and seems to be the standard way of evading blame for all.

      Like

  35. 87
    A 2nd class citizen says:

    @Archer. Thanks. It is disgraceful that we foot the bill for everything. In times of austerity the MPs should keep expenses to absolute minimum and dip into their own salaries.

    Like

  36. 95
    Jimmy says:

    If there’s one thing Guido hates more than traffic offenders, it’s people who don’t pay their taxes.

    Like

    • 110
      Archer Karcher says:

      Don’t you mean lecture and penalise people for doing what they do themselves? You still can’t see the big picture can you? At your advanced age though, you have no hope of ever seeing it.

      Like

      • 237
        AC1 says:

        He still thinks punishing innocent people for working, to reward people ‘s sloth will make the world a better place…

        I don’t think thinking is his strong point.

        Like

        • 276
          Jimmy says:

          Which of course is why the intellectual environment here appeals. I can only hope some of it rubs off.

          Like

    • 114
      Anonymous says:

      Except he’s not pretending to run the country is he Jimmy, ‘kin twat?

      Like

    • 121

      The problem is that people of Mr Brown’s tendency have a predilection to spend the money before they have raised the taxes. An obvious problem looms here, the more especially in a country which is not self-sufficient and therefore needs to trade to stay viable.

      Like

  37. 96
    old grumpy says:

    Certainli stupidity, if not incompetence! I ran my business from a suitcase for years; travelling the world.

    A quarterly audit regime ensured my Tax Affairs have been beyond criticism…….. despite several Revenue Post Retirement Assessments!

    Like

  38. 97
    England 2 Germany 0 says:

    Merkel wins rescue fund vote after raising spectre of war

    Did she have any particular country in mind?

    Like

    • 113
      The Paragnostic says:

      “Wickedness, enormous, panoplied, embattled, seemingly triumphant, casts its shadow over Europe and Asia. Laws, customs and traditions are broken up. Justice is cast from her seat. The rights of the weak are trampled down. The grand freedoms of which the President of the United States has spoken so movingly are spurned and chained. The whole stature of man, his genius, his initiative and his nobility, is ground down under systems of mechanical barbarism and of organized and scheduled terror.”

      Applies to the EU just as well as it applied in 1941.

      Like

      • 147
        Tessa Tickles says:

        “The whole stature of man, his genius, his initiative and his nobility, is ground down under systems of mechanical barbarism and of organized and scheduled terror.”

        Sounds like a complaint about one of those wheel-clamping companies.

        Like

  39. 98
    50 Calibre says:

    Pathetic.

    Sack the silly old sod and get somebody in there who know which way is up.

    Like

    • 99
      Ah! Monika says:

      Easier said than done!

      Like

    • 167
      nell says:

      But I thought we’d agreed , because of the employment laws the last labour govt put in place to prevent the sacking of incompetent or dishonest people especially in public life , no-one, not even vince, can be sacked.

      I mean look at fox, the only way they could ease him out of his job was to give him at £17k handshake. How much is vince going to cost us?!!

      Like

  40. 100
    Anonymous says:

    Guido find something since he has been a minister

    Like

  41. 107
    I don't need no doctor says:

    VAT, it’s not for me.

    Like

  42. 111
    Axe the TV Tax says:

    Please sign this if you so wish, it’s the most popular anti-TV tax e-petition and has 10 months left to run with the number of signatures at 2,443 so far.

    http://epetitions.direct.gov.uk/petitions/264

    Thank you.

    Like

    • 134
      nell says:

      signed and now so has mrnell.

      Keep plugging it!

      Like

      • 139
        blooodynell says:

        I bet that’s what’s you call him too nell isn’t it, poor old sod?

        Like

        • 162
          nell says:

          ++++Laugh++++

          you are so funny!

          Like

        • 196
          I fucked a bird from Norfolk once says:

          she calls him cun*t, because he is one

          Like

          • nell says:

            I must stop you there.

            I have been married for 41 years and neither of us has ever sworn at the other.

            That’s not to say everything has always been sweetness and light but I wouldn’t want to live with anyone else.

            Most importantly, we both of us understand how to manage our financial affairs so that we don’t get worrying demands for debts.

            We pay our taxes, live within our means and still despite the fact that we are retiring age work for our living and save for our annual holidays. Can you find me a politician of any party that can make the same claim?

            Like

    • 195
      Goldilocks says:

      Signed, with pleasure.

      Like

  43. 115
    Torontory says:

    Please stop referring to this as tax avoidance; avoidance is perfectly legal (eg utilising the personal allowance is avoidance). Call it what it is which is tax evasion. Illegal.

    Like

  44. 119
    Disgruntled Hard Pressed TAX Payer says:

    I hope UKIP are going to field a strong candidate in this hypocrites ward @ the next GE. He’s gone from cracking jokes about Mr Bean to become just like him in real life, a complete incompetent fool who we are continuing to pay for. How does he manager to wipe his own backside or is that another service charged to the peasants, we really do need a urgent revolution to rid ourselves of these liars, parasites & pimps.

    Like

  45. 125
    Manic Depression says:

    One for your bookmarks over the coming weeks and months, updates every 90 seconds.

    http://www.telegraph.co.uk/finance/financialcrisis/8846201/Debt-crisis-live.html

    Like

  46. 128
    Dave (balls in your court) Cameron says:

    “We made good progress tonight. It is very much in Britain’s interest that we sort out these problems and solve this crisis. We made good progress on the bank recapitalisation. That wasn’t watered down, it has now been agreed. It will only go ahead when the other parts of a full package go ahead and further progress on that needs to happen tonight.”

    Like

  47. 129
    Old Blue Eyes says:

    “A honest mistake” – who does he think he is kidding. The many is nothing but a crook.

    Like

  48. 133
    Drop a Daisy cutter on the BBC says:

    Another politician c u n t caught out.

    Like

  49. 136
    Anonymous says:

    Is Vince trying to look tough in that picture or has he swallowed a wasp?

    Like

  50. 140
    Pedant#1 says:

    Utter hoon.

    Like

  51. 146
    taking the piss says:

    I thought the strapline said “Incontinence” not “Incompetence”. Either will do though.

    Like

  52. 149
    Ian E says:

    ‘Were these honest mistakes too, or complete incompetence? ‘

    Or deliberate attempted fraud?

    Like

  53. 151

    An example of Islamic diplomacy:

    Jerusalem sends the first of several planes of earthquake aid to Ankara.

    Turkish foreign minister, speaking in Jordan at the same time and well aware of this, calls for forceful pressure on Israel.

    Like

  54. 152

    An example of Islamic diplomacy:

    Jerusalem sends the first of several planes of earthquake aid to Ankara.

    Turkish foreign minister, spеaking in Jordan at the same time and well aware of this, calls for forceful pressure on Israel.

    Like

    • 154
      blurinsed from vegas, our oiving is doing very well says:

      I rarely disagree with you Mr Cat but…………..
      Are you sure that those exta special aircraft werent dropping much needed white phosphorous on orphanages?

      Like

      • 161
        F5 all over again says:

        I think Scat has got a case of Billyitis tbh.

        Like

      • 164

        Feel free to disagree but I cannot imagine that they would be that stupid. I am reminded of a quotation over a decade ago during the NI peace process, “The Loyalists have won but are too stupid to know whilst the Republicans have lost and are too clever to say.”

        Like

      • 165

        Feel free to disagree but I cannot imagine that they would be that stupid. I am reminded of a quotation over a decade ago during the NI pеace process, “The Loyalists have won but are too stupid to know whilst the Republicans have lost and are too clever to say.”

        Like

        • 171
          F5 all over again says:

          I rest my case.

          Like

        • 178
          Chinese motorist says:

          Mr Cat
          Ever been to “The North”
          It really is fucking surreal

          Try this link

          Taighs are just as bad

          I say that as a Brit Catholic

          Like

          • Yes. Very familiar over three decades. I have been to the Falls Road during the troubles and a few years ago where the difference in tension is palpable even though extreme differences clearly remain. The Creggan as well. I have also attended conference at Queens University several times so all shades, so to spеak. Liverpool as well.

            The situation is again reflected in the Outer Hebrides where the religion line cuts somewhere around Benbecula. I remember being almost out of fuel, having been deposited by Cally MacBrayne without fuel and the helpful sign, “Keep the Sabbath Special” outside the closed shop and fuel station at Lochmaddy. Down south, the Catholics were much more relaxed and opened on Sunday for tourists. I am non-theist so you will gather where I felt more welcome.

            Like

          • Chinese motorist says:

            Mr Cat

            Bog trotter analogy
            Its mainly family falling out with family
            Very vicious and usually about nothing of any real significance
            like all family arguments or fall out with other loved ones

            I must be getting old (48) whereas I once relished a chance to hate or fight
            Now I prefer to get up in the morning and go for my morning run/jog crawl and assume that the first person I meet will either say good morning or be pleased when I say that to them
            You meet a better type of person at 6am
            Like most “domestics” best dealt with by a quick seperation

            Like

          • Mr motorist

            You appеar to be near median age for ‘dormer dribblers’ here. I am 14 years older, hence my occasional references to Wilson, Heath etc..

            Like you, I enjoyed recreational hate when younger but came to feel that life is too short to allow negative thoughts to steal my precious time (except in business where I take no prisoners.)

            For what it is worth, I have visited many of the worst trouble spots on this planet and have concluded that it is nearly always economically based rather than religiously so, despite the outside signs. To cause trouble actually costs money, so it is rarely the poorest who do it.

            Like

  55. 155
    in briefs says:

    All he has to do is plead insanity due to the early onset of dementia, and he’ll have a fucking watertight case.

    Like

  56. 156
    nell says:

    http://www.dailymail.co.uk/news/article-2053324/Lord-Boatengs-son-guilty-sexually-assaulting-drunk-woman-sofa.html

    I see another disgraced labour family, friends of bliar, bite the dust. boateng son found guilty and then it’s revealed it’s not the first time he’s committed this sort of crime.

    boateng senior and his wife nowhere to be found – not exactly the most caring of parents are they? but then of course labour was never very strong on family was it?

    Like

    • 166
      Nelson Mandelas Hair stylist says:

      We need to welcome and celebrate this kind of thing
      ooooooooh yes
      Who are women anyway?
      Please liff dis poor boy alone and send him all your savings

      Like

      • 173
        nell says:

        The judge is apparently considering a life sentece . I don’t think our savings, even if we were daft enough to send him any, would do him any good now.

        pentonville or whitemoor? I wonder!

        perhaps after saif has said his say in the hague we can set to and prosecute the likes of straw and bliar – perhaps her maj would like to start making accommodation ready for them in the tower.

        Like

        • 201
          I fucked a bird from Norfolk once says:

          is he the right colour for whitemoor? just “moor” would be OK

          Like

          • nell says:

            don’t you worry about that . whitemoor is the name of a part of the fen on which the prison is built – something to do with the soil I think.

            Nice thing about it is – it is surrounded by flatland and drainage ditches, no trees or bushes bit like a cold unwelcoming desert – so escaping is virtually impossible – nowhere to hide!! And if you escape in the winter you’d freeze to death before you reached a road of any sort!!

            Like

          • The Paragnostic says:

            Derek Lewis and Michael Howard might disagree, nell – 1994, wasn’t it?

            Like

          • nell says:

            Sorry paragnostic not sure to what you refer.

            Did michael howard, our ‘something of the night’, not want whitemoor?? Was it too secure even for a tory??

            Personally I like the way the wind cuts acorss the fens there completely unhindered. In wintertime it can make siberia look like the Med.

            Like

          • The Paragnostic says:

            There was an IRA breakout from Whitemoor in 1994, nell. Derek Lewis was running the prison service at the time, so Michael Howard made him resign rather than taking responsibility himself (he was Home Secretary, after all).

            I hated the Fens when I went to Fenland Poly in the early 80s – getting up at 5 to row on the Cam with that wind from the Urals was bloody awful!

            Like

  57. 169
    Chinese motorist says:

    We all make mistakes

    Like

  58. 172
    Spooky Dude on BBC News says:

    It’s like da fall of da Soviet Union, Mhahahahahaha spooky yes?

    BOO!

    Like

  59. 179
    Ewanme says:

    Hiya :)

    Amazinly , Guido , this post makes Vince seem quite normal , darlin x .

    E x .

    Like

  60. 182
    not a machine says:

    Oh er Jeff Randal offers a £10 bet , put one on for me as well , any market trader who cannot explain where the money comes from , let alone how any new eurozone bank/austerity measure will work , is erm very hopefull indeed

    battle of the bank debt write off minimisers vs bond lending , who would have thought that one would occure tonight !

    Like

    • 188
      nell says:

      Well I know absolutely sod all (forgive my french) about the buying of euro bonds or why mrsmerkel thinks private investors buying them can help her save the euro.

      can I get a good return?. am I going to make a profit if I buy any?

      perhaps I would be wiser to invest my money in a southafrican gold mine or a south american emerald mine?

      Like

      • 193
        not a machine says:

        mmm good way of looking at it Nell , just what will be the return on investing on euro bailout , how much will banks hold ? whats the ECBs limit ?

        I know reasonably sod all , but I know this when I go overdrawn I get a nasty letter from the bank , who sends the nasty letter to the eurozone ? who is in charge ?

        Like

      • 206
        Chinese motorist says:

        Nell
        Nobody can forgive the French

        Like

        • 212
          nell says:

          ah! you are so right about that!

          I won’t so much as buy a french apple. I did once go to france on the ferry (st malo)

          the people were rude, their public toilets disgusting and the gritty inedible food from their restaurants expensive.

          give me spain or italy any day.

          Like

        • 265
          not a machine says:

          I have always found the french to be alright, providing you speak French (explaining you are Anglaise) , still go to a small shop and buy best pattiserie , bread is wonderful , des formages interesting , still have long lunches , although macdonalds culture is creeping in .

          Just dont mention , you think the revolution has proved to be a bit of a mistake and they should have stuck with state church .

          Like

  61. 189
    Mad, Bad & Dangerous Gordon McRuin says:

    ‘Vince Cable,
    He’s not able
    To chair the G20 table’.

    Like

    • 214
      nell says:

      It is very noticeable to we politics watchers that gurninggordon is spending decreasing amounts of time in the publc domain.

      Last year he was , when he was hoping to get the imf job, everywhere like kenya talking about rural schools and all over his wife’s twitter site talking about charities and stuff.

      Since then he seems to have accepted that he is not going to be offered an international, highly paid, high profile job and has retreated more and more into kirkcoddy.

      Unfortunately he has not chosen , in the process, to pick up his mp’s job for which he is still being paid £thousands in taxpayers money.

      Just another dishonest man grubbing off the taxpayer.

      Like

  62. 192
    'Gypsy' Dave Cooper says:

    Huhne and Cable, both liars, cheats and far from being honerable.

    This country is a fucking joke and not a funny one.

    Like

  63. 197
    Anonymous says:

    When are they gonna consign this doddery old wreck to a nursing home, where the only damage he can do is to piss and shit over everything?

    Like

  64. 198
    Billy Bowden is the greatest umpire ever ! says:

    Like

  65. 207
    albacore says:

    Does it not strike anyone as outrageous for an MP, let alone a minister of the crown, to behave thus; and, moreover, to do so without caring who knows it?
    Have we sunk so low that this is the best of the best that the country can now manage?

    Like

  66. 213
    Hells bell Halloween is here says:

    Sounds like toenails is trying scare tactics by giving hints camoron may join us to the Euro, scary!.

    Like

    • 217
      nell says:

      Oh Ha Ha that is very funny.

      I suppose that’s a beeb joke!!

      cameron join us to the euro? after monday’s rebellion and 85% of the electorate demanding a democratic say on our involvement in the eu?

      He might be brave – he’s not stupid!!

      Like

      • 233
        Pawn Sandwich says:

        The BBC should be subscription only. Let the lefties pay for their devious misleading poor quality political propaganda tool.

        Cameron and the euro – bollox – Free party political broadcast by the BBC on behalf of the Labour party.

        Like

      • 301
        Ant E Freeze says:

        Nell, you got that the wrong way round: he might be stupid – he’s not brave.

        Just consider the events of this week if you require further proof.

        Like

  67. 215
    hmmmm says:

    only 40 thats way behind Gordon

    Like

  68. 216
    Ambrose Evans-Pritchard says:

    Europe’s “Grand Plan” to save monetary union is, in broad terms, a settled matter, even if the usual theatrics were still dragging on into the small hours of the Belgian night.
    Whether it proves any more successful than past efforts over the past two years is far from clear. The package is a huge gamble. If it goes wrong, it may accelerate contagion to core Europe, hastening the denouement so feared by EU leaders

    Like

    • 218
      nell says:

      As I have said before I believe the socialist , all controlling, tax on how many times a day you may breathe, eu will cease to exist in my lifetime.

      I do hope it’s sooner rather than later!!

      Like

    • 248
      AC1 says:

      AEP is without doubt the most similar in ability to Vince Windsock Cable.

      Like

      • 252
        The Paragnostic says:

        I quite like AEP – but then again I know little about finance other than that it appears to consist mostly of making it appear that value exists in the absence of all evidence. The full article is quite readable and amusing – Merkel really caught hell in the German Parliament over the rescue package, which is looking more and more dodgy by the minute.

        Like

        • 255
          • AEP always takes his argument further than its grounds will bear IMHO. It would suit me very well if what he says here turns out to be the case but somehow, I feel it will fall short of this.

            The other thing is that markets are sentiment driven. They will ignore fundamentals for years and then have an earthquake. Look at the DM-GBP relationship in the 1990s. The DM was high because it was always high. Then it became crucified. Then it joined the Euro.

            Like

          • АЕP аlwаys tаkеs hіs аrgυmеnt fυrthеr thаn іts grоυnds wіll bеаr ІMHО. Іt wоυld sυіt mе vеry wеll іf whаt hе sаys hеrе tυrns оυt tо bе thе cаsе bυt sоmеhоw, І fееl іt wіll fаll shоrt оf thіs.

            Thе оthеr thіng іs thаt mаrkеts аrе sеntіmеnt drіvеn. Thеy wіll іgnоrе fυndаmеntаls fоr yеаrs аnd thеn hаvе аn еаrthqυаkе. Lооk аt thе DM-GBP rеlаtіоnshіp іn thе 1990s. Thе DM wаs hіgh bеcаυsе іt wаs аlwаys hіgh. Thеn іt bеcаmе crυcіfіеd. Thеn іt jоіnеd thе Еυrо.

            Like

          • AC1 says:

            I just think that after listening to AEP a few times I was reminded of listening to Cable.

            I was listening to someone who didn’t have a clue what they were talking about, but merely relaying info from someone who actually did.

            Like

  69. 246
    Ewanme says:

    *Scrolls past evrythin*

    Great *work* today , Giudo xx .

    Hopefully , you is gonna save us from the naughty left-wingers , hun .

    This site is soooo relevant to my poxy life , darlin .

    Keep goin , I spose .

    Or don’t . Who gives a toss ??

    Above all – make urselves laugh , FFS .

    E x .

    Like

    • 249
      AC1 says:

      Cheer up, At least your dealer appreciates you.

      Like

    • 250

      Ewa

      How would you characterise your political philosophy? Just asking? You don’t mind, do you?

      SC x

      Like

      • 273
        Ewanme says:

        Apathetic , I spose , SC x .

        Is there a party for that , hun ??

        E x .

        P.S. Ta for bovverin x

        Like

        • 277

          I think all the main parties are very much for that. It makes their job easier if their voters are apathetic to the extent that they get voted in but the voters neither make demands nor hold them to account.

          I find it curious that you should spend time on a political blog where most of us are infuriated by all politicians and declare no special allegiance to any party. But, hey, you are certainly a change and aberrant, even for these threads!

          Good luck to you.

          SC x

          Like

  70. 256
    Ah! Monika says:

    Time to issue War Bonds?

    Like

    • 257
      Ah! Monika says:

      Peace in Europe is at risk if Euro crisis isn’t solved: German Chancellor’s stark warning as crisis summit begins

      Like

    • 258
      Ah! Monika says:

      Pe @ce in Europe is at risk if Euro crisis isn’t solved: German Chancellor’s stark warning as crisis summit begins

      Like

      • 261
        not a machine says:

        it was a twisting of what Mrs merkel said , however still there fault for following a ruinesque finance model , I mean rather large sums before 2008 to be dawning on them now when its tears

        Like

      • 262
        The Paragnostic says:

        I can’t wait for Rusty to land at Heathrow clutching a piece of paper and revisiting the “Peace in Our Time” moment – we’d best check the small print, though, because you can be sure it’ll cost us somewhere down the line…

        Like

  71. 259
    not a machine says:

    Talks still ongoing , head of EU strategic investments MR artherany floorsweepings , is reported to have looked in his desk drawer to see if any private investment had been left to help out .

    so why has berlousconi chose nov 17th

    over to our correspondent in Brussels at commisioners dineing facility ,”les ship de fools” an speak to head of paper and deck chair shuffling Heir Endrogenous growththeory “crsis what crisis , so what ”

    Why is there no one who faces any questions , is there a commisoner for Eurozone finance ??

    We could hire mervyn out to them , at £42 mn a day

    Like

  72. 264
    Joe McCaffrey says:

    3 options:

    1) He is incompetent and should not be business secretary
    2) He is as hypocritical as many other ‘progressives’ and is a lier and cheat – in which case he must of course be removed from his position
    3) He has made an honest mistake not due to incompetence and therefore the only possible reason is that the tax code is too complicated.

    Perhaps he should, in the spirit of compromise, concede that the least worst option is true and agree with those many individuals – myself included – who want a fundamental overhaul of the tax system including abolition of ridiculous instances of double (or even triple and quadruple) taxation of the same money and the inevitable complexity and loopholes that comes with it

    Like

  73. 268
  74. 279
  75. 280
    taking a haircut in credibilty says:

    The tone of Evan Davis of the Today programme re the Euro bailout is akin to, “with one bound they were free”! I don’t fucking think so.

    Like

  76. 281
    Stravrossalos says:

    Hey you Vincey!

    Za gonna maker you honorary Greek man!

    Howza bout lending me five quids?

    Like

  77. 282
    Taxfodder says:

    There is a compelling fact that has been overlooked.

    Cables accountants informed the authorities, as presumably they were dealing with his affairs.

    Interesting then that the authorities were/are not looking. can we then assume they are incompetent, or just not interested in underpayment unless you own up?

    Like

    • 302
      Ant E Freeze says:

      Incompetent I’m afraid. No more, no less.

      Last month I had to point out to them that they had made an error with my tax code for this year. The reply was the usual ‘looking into it’ letter. Today I got a new letter with revised tax code under which I get nearly a grand’s worth of my own money back. I am sure I am not the only one who would otherwse have been wrongly bilked of a very useful sum of cash.

      Like

  78. 285
    Another Labour legacy says:

    5000 foreign criminals still here because they won appeals on human rights grounds.

    http://www.bbc.co.uk/news/uk-15467480

    Like

  79. 286
    Collins says:

    There is no interpretation of Vince Cables actions that should allow him to keep his job

    A quick look at at thesaurus – take your pick

    asleep on job, behindhand, broad, careless, casual, delinquent, derelict, devil-may-care, disregardful, easygoing, flaccid, forgetful, general, imprecise, inaccurate, indefinite, indifferent, inexact, lenient, neglectful, negligent, nonspecific, oblivious, overindulgent, paying no mind, regardless, shapeless, slipshod, sloppy, soft, unmindful, vague, yielding

    Like

  80. 292
    Dr Vinny says:

    The Sun – “Dr Cable blamed the surprise success of his book The Storm, about the recession, for his failure to cough up.

    He said: “There was an issue that arose on the back of my recent best-seller where I went through the tax threshold and didn’t immediately notify it. The tax was paid in full and the matter closed within four weeks.”

    Thats all right then……..

    Like

  81. 305

    Oh dear, this is really not an ideal revealtion when the economy is in such dire straits. Let’s hope he puts things right quickly.
    Sophie Hobson, deputy editor, LondonlovesBusiness

    Like


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