Sir Vince Cable to run for Lib Dem leadership

Sir Vince Cable to run for Lib Dem leadership

Vince Cable

Sir Vince Cable says he is a candidate to become Liberal Democrat leader.

The former business secretary, who has served as deputy leader and acting leader in the past, is throwing his hat into the ring after Tim Farron said he would stand down this summer.

Sir Vince, 74, has been a senior figure in the party for more than 20 years and won his Twickenham seat back at the election.

Other possible candidates include ex-ministers Norman Lamb and Ed Davey.

Jo Swinson has ruled herself out although she might contest the position of deputy leader which is being revived following the general election. No date has yet been set by the party for the close of nominations for leader.

Announcing his candidacy on the Lib Dem Voice website, the 74-year old said “liberal values” were needed more than ever. He said there was big opportunity for his party with the Conservatives “in disarray” and Labour still lacking economic credibility.

“There is a big space in British politics which I am determined that we should occupy,” he wrote.

“I am ready to commit my energy, enthusiasm and experience to the task of leading the Liberal Democrats through what will be a period of chronic uncertainty. With the prospect of another election looming large, we must be ready for the fight.”

The BBC’s assistant political editor Norman Smith said Sir Vince, currently the party’s economic spokesman, is likely to stress his economic background and his ministerial experience after five years as business secretary in the coalition government.

It is also understood he will seek to continue with the Lib Dem’s call for a fresh referendum on any Brexit deal.

Sir Vince served as deputy leader between 2006 and 2010 and as acting leader for several months after Menzies Campbell’s resignation in 2007.

Source: BBC – UK News

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