Business Finance

In his first major speech as Business Secretary, Vince Cable committed the government to taking a tougher line on parts of the banking system that have "not served enterprise in this country as well as they could".

Addressing an audience at the Cass Business School in London, Mr. Cable promised to "redouble our efforts to ensure the bank lending agreements from banks that have benefited from taxpayer subsidy are being honoured - especially for SMEs".