Liberal Democrat leader Nick Clegg and his Business Secretary Vince Cable presented a united front and a new policy idea at the party conference this morning. Vince Cable said:
"We need a new British business bank with a clean balance sheet and an ability to extend lending rapidly to the manufacturers, the exporters, the high growth companies that power our economy and I can announce to you today that we have one." ITV Political Correspondent Alex Forrest reports:
Now the Business Secretary has spoken we still don't have much more detail on how the bank of Vince would actually work in practice.
Nick Clegg's poor decision making has left the public baffled as to the role of his party in government. But he is not finished yet.
The Business Secretary wants to set up a 'bank' to try to crack the problem that has become very acute for many firms - access to finance.