60-668: CUSD is an acronym used to refer to the following school districts: Cambridge University Social Democrats Capistrano Unified School District Carlsbad Unified School District Carmel Unified School District Central Unified School District Chandler Unified School District Chico Unified School District Chinle Unified School District Chino Valley Unified School District (disambiguation) , multiple districts Claremont Unified School District Clovis Unified School District Coronado Unified School District Cupertino Union School District Topics referred to by
120-473: A Privy Counsellor , and he formally joined the Privy council on 13 May 2010. In May 2010, Cable insisted the coalition government was not split over planned increases to non-business Capital gains tax , which some thought would raise taxes on sales of second homes by 40% or 50%. Senior Conservative MPs attacked the rise as a tax on the middle-classes and a betrayal of Conservative values. Cable said that it
180-453: A return "since the turn of the century" and claimed executive pay was 120 times that of the average UK employee, whereas it was only 45 in 1998. Cable later revealed Government plans that would require companies to publish "more informative remuneration reports" for shareholders . The plans also included binding votes by shareholders on executive pay as well as greater transparency and diversity on boards. In November 2011, Cable announced
240-582: A "writhing nest" of quangos to develop. Prior to the 2005 Liberal Democrat party conference, Cable did not rule out the possibility that the Lib Dems might form a coalition government with the Conservatives in the event of a hung parliament at the forthcoming general election. However, party leader Charles Kennedy said that the Lib Dems would remain an "independent political force". In late-2005 or early-2006, Cable presented Charles Kennedy
300-570: A 50p top rate of income tax, supported exempting people on low income from income tax completely, and explored the possibility of a flat tax , with the former two proposals later becoming party policy. Also in 2005, he said that there was no future for the Liberal Democrats to the left of New Labour . He was critical of what he considered the Labour government's slow response to cutting government waste , later accusing Labour of allowing
360-570: A government review, saying "they have a place in today’s labour market", although admitting there had "been evidence of abuse." His statements were met with negative responses from British trade unions. In 2014, during the Israel-Gaza conflict , Cable received criticism for his involvement in the signing off of arms deals to Israel, primarily concerning component parts used in the assembly of Hermes drones . Shortly afterwards, he announced that arms exports to Israel would be suspended unless
420-548: A great deal of care". On the issue of fiscal stimulus, Cable said in October 2008, "it is entirely wrong for the government to assume the economy should be stimulated by yet more public spending rather than tax cuts". In February 2009, however, he said, "we believe – and the Government say that they believe – in the need for a fiscal stimulus. Despite the severe financial constraints on the public sector, we believe that such
480-573: A large package of deregulation for businesses, including scrapping 3,000 regulations and implementing exemptions from health and safety inspections for shops, pubs , and offices. Cable claimed that businesses should not be "tied up in unnecessary red tape", but the move was criticised by trade unions. Days later Cable announced further deregulation involving changes to employment laws, proposing to reduce employee compensation for unfair dismissals and allowing employers and employees to agree to an out-of-court 'pay off' for under-performance dismissals. This
540-492: A letter signed by eleven out of the twenty-three frontbenchers, including himself, expressing a lack of confidence in Kennedy's leadership of the Liberal Democrats. On 5 January 2006, because of pressure from his frontbench team and an ITN News report documenting his alcoholism, Charles Kennedy announced a leadership election in which he pledged to stand for re-election. However, he resigned on 7 January. Cable did not run for
600-691: A stimulus is right and necessary". On the principle of the independence of the Bank of England, Cable said at the 2008 Liberal Democrat party conference, "The Government must not compromise the independence of the Bank of England by telling it to slash interest rates." The following month, though, he called on the Chancellor to urge the Governor of the Bank to make "a large cut in interest rates". The Liberal Democrats have responded that this in no way changes their policy on Bank of England independence. At
660-526: Is a British politician who was Leader of the Liberal Democrats from 2017 to 2019. He was Member of Parliament (MP) for Twickenham from 1997 to 2015 and from 2017 to 2019. He also served in the Cabinet as Secretary of State for Business, Innovation and Skills from 2010 to 2015. Cable studied Economics at Cambridge and Glasgow , before working as an economic adviser to the Government of Kenya in
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#1732791340143720-547: Is credited by some with prescience of the global financial crisis of 2007–2010 . In November 2003, Cable asked Gordon Brown , then- Chancellor , "Is not the brutal truth that ... the growth of the British economy is sustained by consumer spending pinned against record levels of personal debt, which is secured, if at all, against house prices that the Bank of England describes as well above equilibrium level?" Brown replied, "As
780-692: Is different from Wikidata All article disambiguation pages All disambiguation pages Cambridge Student Liberal Democrats Cambridge University Liberal Association (CULA) is the student branch of the Liberal Democrats for students at Cambridge University . It is the successor to the Cambridge Student Liberal Democrats , which in turn was formed from the merger of Cambridge University Liberal Club (known as CULC, founded in 1886), and Cambridge University Social Democrats (founded in 1981) upon
840-560: The 1992 general election to Conservative MP Toby Jessel in the Twickenham constituency, by 5,711 votes. Cable entered the House of Commons after defeating sitting Conservative MP Toby Jessel in the Twickenham constituency in his second attempt, at the 1997 general election . He subsequently increased his majority at the elections of 2001 , 2005 and increased still further in 2010 . He lost his seat in 2015 , but regained it at
900-596: The 2010 general election Cable was again returned as MP for Twickenham. With the election resulting in a hung parliament , Cable was a key figure in coalition talks, particularly the unsuccessful negotiations with the Labour Party. The Liberal Democrats entered a coalition agreement with the Conservative Party on 11 May 2010, and Cable was appointed Secretary of State for Business, Innovation and Skills on 12 May. The Queen approved his appointment as
960-804: The Cambridge University Liberal Club , but he resigned from the Liberal Party before taking up the office of President. Whilst at Cambridge, he was a contemporary of the Cambridge Mafia . In 1966, at the end of his studies at the University of Cambridge , Cable was appointed as an Overseas Development Institute Fellow (ODI Nuffield Fellow) working in Kenya. He graduated in 1973 with a PhD in Economics from
1020-654: The Liberal Party have included Oscar Wilde (1889), Jerome K. Jerome (1912), W. H. Auden (1938), former Governor of Vermont Howard Dean , and Irish Prime Minister Seán Lemass (1961). A complete list of the society's past events from 1886 to the present is available here . The society's president, from the 1988 merger, was Baroness Williams of Crosby , who had been the SDP candidate in Cambridge in 1987 . She served as president until her death in 2021, after which
1080-709: The Northern Rock crisis, calling for the nationalisation of the bank , capitalising on the claimed indecisiveness of both the Labour Government and Conservative Opposition on the issue. In May 2010, Cable declared his resignation as Deputy Leader to dedicate more time to his Cabinet role as Business Secretary . His responsibilities and authority were somewhat reduced when it was revealed in December 2010 that he had boasted to Daily Telegraph reporters posing as constituents of his "nuclear option" to bring
1140-526: The Orange Book , Cable was one of several Lib Dem MPs who oversaw the party's shift towards economic liberalism with the adoption of a more free market approach, a development which was suggested by some as having helped lead to the 2010 coalition with the Conservatives . In 2005, as Liberal Democrat Treasury spokesperson, he suggested the possibility of the party dropping its commitment to
1200-577: The University of Glasgow on economic integration and industrialisation. Cable lectured for a time at the University of Glasgow and was a visiting research fellow at the Centre for the Study of Global Governance at the London School of Economics , for a three-year period until 2004. In 2016, Cable was made Honorary Professor of Economics at the University of Nottingham . From 1966 to 1968, he
1260-485: The coalition government . He lost his seat in 2015 , although later regained it in 2017 . Cable subsequently stood in the leadership election to replace Tim Farron , and was elected unopposed. In May 2019, Cable led the Liberal Democrats to their best national electoral performance since the 2010 election , gaining fifteen seats in the European Parliament election . This followed a campaign in which
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#17327913401431320-440: The snap election in 2017 . In 2004, Cable was a contributor to the economically liberal Orange Book , which advocated for policies such as greater private sector involvement in higher education and healthcare. However, he has described himself as being a social democrat , as well as an "open markets" liberal, and stated his desire to reconcile "economic liberalism with wider moral values and social justice". Following
1380-636: The "red tape factories" of the European Union , calling for increased deregulation and labour market flexibility , as well as the expansion of the Single Market and scrapping of the Working Time Directive . He revealed that at a recent meeting of European economic ministers, a group of like-minded nations had formed in making these same demands. In September 2012, Cable and his department colleague Michael Fallon announced
1440-614: The 1960s, and for the Commonwealth Secretariat in the 1970s and 1980s. During this period, he also lectured in economics at Glasgow. He later served as Chief Economist for Shell in the 1990s. Initially active in the Labour Party , Cable became a Labour councillor in Glasgow in the 1970s, during which time he also served as a special adviser to then- Trade Secretary John Smith . In 1982, however, he defected to
1500-402: The Bank of England said yesterday, consumer spending is returning to trend. The Governor said, "there is no indication that the scale of debt problems have ... risen markedly in the last five years." He also said that the fraction of household income used up in debt service is lower than it was then." In his book The Storm , Cable writes, "The trigger for the current global financial crisis was
1560-613: The Cambridge University Liberal Club, originally existed side by side with a discussion forum for radical Cambridge politics in the late 1880s, called 'The Rainbow Circle.' Alumni of this group relocated to London after their graduation, and helped found the Bloomsbury-based radical group of that same name in 1894. Between 1886 and 1897, the club's founder Treasurer was Oscar Browning , a Fellow of King's and three-times Liberal candidate who
1620-635: The JCR at Trinity College and the Cambridge University Students' Union, the campaign was successful. A year later, focus switched to mental health provision within the university, with the society calling for the hiring of more counsellors in the University Counselling Service. The society actively campaigns in elections at every level. In May 2017, the society helped secure the election of Liberal Democrats to
1680-492: The Labour Party nomination for Hampstead , losing to Ken Livingstone , who was unsuccessful in taking the seat. In February 1982, he defected to the recently created Social Democratic Party (SDP). He was the SDP–Liberal Alliance parliamentary candidate for his home city of York in both the 1983 and 1987 general elections . Following the 1988 merger of the SDP and the Liberal Party, he finished in second place at
1740-576: The Tory frontbench" for his role in supporting public spending cuts. Beginning in 2010 and continuing throughout the Conservative-Lib Dem coalition's tenure in office, Cable led the drive for deregulation ; notably the " Red Tape Challenge" to reduce existing regulation and the "One In, One Out" rule to limit any future regulation, Cable agreeing with the need for a "bonfire of regulations". The Guardian dubbed this as " neoliberal " while
1800-689: The US mortgage market and, indeed, the scale of improvident and unscrupulous lending on that side of the Atlantic dwarfs into insignificance the escapades of our own banks." Cable commented that he had not warned about this: "one of the problems of being a British MP is that you do tend to get rather parochial and I haven't been to the States for years and years, so I wouldn't claim to have any feel for what's been going on there." In September 2008, Cable praised the-then US President George W. Bush for his response to
1860-457: The capital gains tax system needs to be fundamentally reformed." In July 2010, Cable sought to reform credit lines amid a "significant demand" (according to the Forum of Private Business ) of smaller firms finding it harder to secure loans. Among a range of proposals published in a green paper , Cable urged banks to limit bonus and dividend payments to "pre-crisis and 2009 levels respectively",
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1920-407: The committee appointed former Cambridge MP Julian Huppert . Shirley Williams had previously been patron of Cambridge University Social Democrats in 1987-88. The society was continuously called Cambridge University Liberal Club (CULC) from 1886 until 1988 (apart from in the years 1916-9, when it suspended its activities during World War I ). In 1981, Cambridge University Social Democrats (CUSD)
1980-407: The creation of the Lib Dems in 1988. The society has long been active in Cambridge politics, with student members playing a role in electing David Howarth on a massive 15% swing in the 2005 election , when the student turnout was unusually and noticeably higher than that in the rest of the city, and then subsequently Julian Huppert as his successor in 2010. The older of its founder societies,
2040-589: The crisis. For example, he is accused of criticising the Government's policy of Quantitative easing , when in January 2009 he used the phrase "the Robert Mugabe school of economics", while in March 2009 he said, "directly increasing the amount of money flowing into the economy is now the only clear option". The Liberal Democrats also have responded that he was making the point that QE "needed to be managed with
2100-570: The dependency on the government guarantee. It makes the case for separation," he added. In June 2011, Cable said "rewards for failure" were unforgivable at a time when real wages were being squeezed across the country. Speaking at the Association of British Insurers biennial conference, Cable warned he planned to bring "excessive and unjustified" executive pay under control by launching a fresh consultation. He said that although "Britain does have some world-class executives", investors had not seen
2160-482: The financial crisis and for attempting to "save Western capitalism ." He compared this with Prime Minister Gordon Brown 's response which Cable claimed was to be like a "Fairy Godmother" to the banks, and a "sideshow". Cable has also been vocal over the bonus culture in the banking system. He has called for bonuses to all bank employees to be frozen. However, Cable has been criticised by some, mostly Conservatives, for " flip-flopping " on issues in connection with
2220-570: The first of several reforms to employment laws. Beginning with changes to the tribunal system, he proposed the introduction of tribunal fees for employees making claims against employers, stating that the current system had become a "major impediment" to small businesses hiring people. The tribunal fees were later ruled unlawful by the Supreme Court in 2017 after a court victory by trade union UNISON . In an article in May 2012, Cable denounced
2280-501: The government down by his resignation. Still worse, he claimed to the reporters that he had "declared war" on Rupert Murdoch of News Corporation despite having the responsibility to impartially arbitrate on the News Corporation bid to acquire the remaining 60.9% of BSkyB it did not already own. Amid cries for his resignation or sacking, all his responsibilities concerning the bid were removed. Cable did not resign. Following
2340-559: The green paper stating that such a move would enable banks to retain £10,000,000,000 of additional capital in 2010 could in turn sustain £50,000,000,000 of new lending. The left-leaning parts of the British press have been critical of his role in the Coalition Government , from The Guardian to the Morning Star describing him as "the man who started off a Lib Dem and now looks more convincingly Tory than most of
2400-784: The late 1970s, he was special adviser to John Smith when the latter was Trade Secretary . He was an adviser to the UK Government and then to the Commonwealth Secretary-General Shridath "Sonny" Ramphal in the 1970s and 1980s. Cable served in an official capacity at the Commonwealth Heads of Government Meeting of 1983 in Delhi, witnessing "private sessions at first hand" involving Indira Gandhi , then-Prime Minister Margaret Thatcher , Lee Kuan Yew , and Bob Hawke among others. He
2460-534: The local party gained two seats in student wards. As with many Cambridge political societies, CULA and its predecessors were the first political organisations to involve many people who went on to political careers – some outside Liberal politics altogether. Notable alumni include: The association runs a subsidiary group, the Keynes Society , for alumni. Membership is free and lasts for life. Vince Cable Sir John Vincent Cable (born 9 May 1943)
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2520-485: The main student divisions of Cambridgeshire County Council. They also organised regular campaign events for the general election later that year, but were less successful. In that vote the incumbent Labour MP Daniel Zeichner increased his majority to nearly 30,000 with the Liberal Democrats down 5.6 points. In the 2018 City Council elections, the Association was integrated into a successful city-wide campaign where
2580-568: The newly formed Social Democratic Party , which later amalgamated with the Liberal Party to form the Liberal Democrats. After standing unsuccessfully for Parliament four times, Cable was elected for Twickenham in 1997 . He was quickly appointed the Liberal Democrat Treasury spokesperson , and was later elected as Deputy Leader in 2006. Cable resigned from both of these positions in May 2010 after being appointed as Secretary of State for Business, Innovation and Skills in
2640-525: The oil company Royal Dutch Shell from 1990 to 1997, serving as its Chief Economist between 1995 and 1997. His role at Shell came under scrutiny as the company was accused of playing a role in a turbulent era of Nigerian politics during the dictatorship of General Sani Abacha . In 2017, Cable became a strategic advisor on the World Trade Board for the annual World Trade Symposium co-organised by Misys and FT Live . At university, Cable
2700-704: The party leadership, instead supporting Menzies Campbell 's candidacy. A Twickenham resident, Cable commuted by train into Central London daily and so claimed the "London Supplement" instead of the Additional Costs Allowance. However, The Daily Telegraph reported in May 2009 that he had been unaware that he was entitled to the London Supplement and so in 2004 wrote to the Fees Office to ask if he could receive retrospective payments for 2002–03 and 2003–04. The Fees Office refused
2760-551: The party ran on an anti-Brexit platform. He subsequently announced his intention to retire from politics, and stood down as leader on 22 July 2019, upon the election of Jo Swinson ; he stood down from Parliament at the 2019 general election . On 2 July 2022, Cable was announced as Vice President of the European Movement . Cable was born in York , to a working class Conservative -supporting family. His father, Len,
2820-461: The request, informing Cable that these accounts were already closed. When overall MP allowances are ranked, Cable came in 568th for 2007–08 (out of 645 MPs). The Daily Telegraph also noted that he did not take a recent 2.33% salary rise. Cable won plaudits for his repeated warnings and campaigns on the high level of personal debt in Britain. His was a significant voice of criticism during
2880-493: The resignation of Sir Menzies Campbell as Party Leader on 15 October 2007, Cable being Deputy Leader automatically succeeded him as Party Leader, pending a leadership election. He declined to stand for leader, reportedly fearing ageism (Campbell's critics were accused of ageism, and Cable was only 2 years his junior). Cable received significant acclaim during his tenure as Acting Party Leader, with particular praise for his strong performances at Prime Minister's Questions . He
2940-560: The response from the business community was largely positive. In September 2010, during a speech at the Liberal Democrat conference, Cable said that bankers present more of a threat to Britain than trade unions . After the interim report on banking by John Vickers was published in April 2011, Cable said: "I was very impressed with the quality of the analysis. It does address head on the issue of banks that are too big to fail,
3000-405: The same term [REDACTED] This disambiguation page lists articles associated with the title CUSD . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=CUSD&oldid=1166988321 " Category : Disambiguation pages Hidden categories: Short description
3060-680: The society expanded to include the Cambridge campus of the city's new Anglia Polytechnic (now Anglia Ruskin University). In 2017 the name was changed again to Cambridge University Liberal Association upon the creation of a Young Liberals branch catering to young people in the city who are not members of the University of Cambridge. In Autumn 2015, the society ran a campaign against proposals by Cambridgeshire County Council to switch off streetlights in Cambridge after midnight. Working with
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#17327913401433120-667: Was a "key" part of the coalition deal and there was no disagreement over it between the coalition partners. Cable said the changes to Capital Gains Tax would help to fulfill the Lib Dem aim of bringing more "fairness" to the tax system: "It's very important that we have wealth taxed in the same way as income." He continued, At present it is quite wrong and it is an open invitation to tax avoidance to have people taxed at 40% or potentially 50% on their income, but only taxed at 18% on capital gains; it leads to large scale tax avoidance so for reasons of fairness and practicality, we have agreed that
3180-618: Was a Treasury Finance Officer to the Kenyan government . In 1969, he visited Central America as a researcher on the recently formed Central American Common Market . From the early to mid-1970s, Cable served as First Secretary under Hugh Carless in the Latin American department of the Foreign Office . He was involved in a CBI trade mission to South America at this time, engaging in six months of commercial diplomacy . In
3240-527: Was a craftsman for Rowntree's , and his mother, Edith, packed chocolates for Terry's . Cable attended Nunthorpe Grammar School where he became Head Boy . He then attended Fitzwilliam College, Cambridge , where he initially studied Natural Sciences and later switched to Economics. He was the President of the Cambridge Union in 1965. He was also a committee member and later President-elect of
3300-561: Was a member of the Liberal Party but then joined the Labour Party in 1966. In 1970 , he contested Glasgow Hillhead for Labour, but failed to unseat the sitting Conservative MP, Tam Galbraith . The same year, Cable stood for election to the Corporation of Glasgow in the Partick West ward, but failed to be elected. He became a Labour councillor in 1971, representing Maryhill ward, and stood down in 1974. In 1979 , he sought
3360-562: Was also Treasurer of the Cambridge Union . The society had varying fortunes as the Liberal Party waned in the mid-twentieth century. The society today attracts numerous high-profile speakers – in recent years, Vince Cable , Menzies Campbell , Nick Clegg , Simon Hughes , Chris Huhne , and David Steel . During the 2005 United Kingdom general election it helped organise a rally of 2,500 people with Charles Kennedy in Market Square. Notable past speakers not normally associated with
3420-442: Was also criticised by trade unions. In January 2013, Cable rejected calls by Labour for the government to intervene in the high street crisis following the collapse of music retailer, HMV , he said: "it is not the job of Government to sort out the problems of competition on the high street. Consumers make their choices and there are consequences." In December 2013, Cable supported the continuation of zero hours contracts after
3480-653: Was also present at the summits of 1985 , 1987 , and 1989 . In the same period, he contributed to the Brandt Commission , the Palme Commission , and the UN's Brundtland Commission . From the 1980s onwards, Cable authored and co-wrote numerous publications in favour of globalisation , free trade , and economic integration such as Protectionism and Industrial Decline , The Commerce of Culture , and Developing with Foreign Investment . Cable worked for
3540-834: Was formed, as the Cambridge student branch of the SDP . With the Liberals and SDP in alliance nationally, CULC and CUSD remained independent organisations, but shared close links, hosted joint events, and put up joint slates of candidates in CSU elections. In 1988, CULC and CUSD merged into one society, as the Liberals and SDP merged into the Liberal Democrats . They initially called themselves Cambridge University Social and Liberal Democrats throughout 1988, then Cambridge University Liberal Democrats throughout 1989–90, before finally settling early in 1991 for Cambridge Student Liberal Democrats , when
3600-593: Was popular in the party and media for his attacks on the government's record over Northern Rock , HMRC's loss of 25,000,000 individuals' child benefit data and the party funding scandal surrounding David Abrahams' secret donations to the Labour Party . The latter attracted for Cable positive media attention for a joke at PMQs describing Gordon Brown 's "remarkable transformation in the last few weeks from Stalin to Mr. Bean , creating chaos out of order rather than order out of chaos", called by The Economist , "the single best line of Gordon Brown's premiership". Cable
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