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Vince Cable: BP shareholders must demand action

Former Business Secretary Vince Cable has called for BP shareholders to take action following their 59.1% vote against CEO Bob Dudley's pay.

ITV News Business Editor Joel Hills tweeted:

Cable ready 'to stomach' another coalition with Tories

Vince Cable is prepared to work alongside the Tories in another coalition - but has set his sights on a new job.

Vince Cable is interested in working at the Treasury Credit: PA

Regarded as one of the most left-wing of Lib Dem Cabinet ministers, the Business Secretary is often touted as a possible partner for Ed Miliband if the party went into coalition with Labour.

However, speaking to the Mail on Sunday, Cable criticised the Labour leader's "poor judgment" and said he was ready to "stomach" another five years of co-operation with the Conservatives and would like George Osborne's job as Chancellor.

"I'm up for having a substantial role. My prime interest is the economy. There are two economic departments in Whitehall and I've done one of them for five years. I'll leave you to do the maths."

Mr Cable did not rule out a coalition with Labour, but was critical of two "really big mistakes" made by Miliband.

"He should have said up-front on the financial crisis that `We screwed up seriously' and done a mea culpa.

"And I feel let down by his foolish plan to cut university tuition fees to £6,000. It is a low-grade response. He couldn't resist a cheap soundbite at our expense. Very poor judgment. And his fiscal policy is so vague."

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