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Courtesy Independent
Vince Cable has warned that the Liberal Democrats must not sacrifice their principles as Nick Clegg tries to convert them into a party of power.
The Business Secretary told a fringe meeting at the start of the Liberal Democrat spring conference in Brighton: "While we are now not a protest party we have to ensure that we remain not just a party of government but a radical party, attacking privilege, vested interests and the abuse of economic and political power."
Appealing to Liberal Democrat activists disaffected by the compromises of coalition, he added: "We must make a success of government but in acquiring respectability and the aura of responsibility we must continue to defend our strong liberal and social democratic values."
In a warning shot across Mr Clegg's bows, Mr Cable called for new wealth taxes on the rich, including the end of privileges for "non-doms" and curbing people avoiding inheritance by making gifts. Renewing his call for a boost to housing and infrastructure projects, he said: "The Government, together with the Bank of England, must support recovery, not undermine it.
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