Cable positions himself as the man for a Lib Dem-Labour coalition

Forecasting a hung parliament at the next election, the Business Secretary looked to life after the Tories.

Vince Cable used his speech to the Lib Dem conference to present himself as a free radical, a man who was prepared to work with the Tories and Labour when they were right and to criticise them when they were wrong. He restated the original rationale for the coalition - to provide national government at a time of "permanent crisis" - but added that he made no apology for maintaining "good communications with politicians across the spectrum", before motioning as if he had just received a text, "Please Ed, not now, this is not the time". Cable's political motives became clear at the end of the speech, when he suggested that the most likely outcome of the next election was another hung parliament (the British people, he said, would not want to "entrust their future to any one party"). If you want someone who can lead the Lib Dems into coalition with Labour, he implied, I'm the man for the job; messrs Miliband and Balls already having ruled out working with Nick Clegg.

Throughout the speech, the Business Secretary was careful to combine attacks on both parties with references to those areas where they could work together. So he derided the Tory "headbangers" who wanted a "hire-and-fire culture" and the "backwoodsmen" who opposed a mansion tax, but offered a strong endorsement of George Osborne's deficit reduction plan and declared that he had "considerable personal sympathy" for the Chancellor, who was attacked both for "borrowing too much" and "borrowing too little". In a notable jibe at Andrew Mitchell's expense, which was left out of the original text, he also joked that he was a "mere pleb". As for Labour, he mocked Ed Balls's plan to eliminate the deficit over seven years, rather than the coaliton's six ("wow!"), but nodded to Ed Miliband's agenda when he called for a culture of "responsible capitalism".

Cable, who has openly declared that he is prepared to stand for the Lib Dem leadership, was astutue enough to avoid anything resembling disloyalty to Nick Clegg, praising the Deputy PM early on for proving that "coalitions work". But he also deftly positioned himself as a social liberal ("this is no time for the state to be stepping back"), who, unlike Clegg, continued to command respect across the centre-left. While conservative columnists write paeans of praise to the Lib Dem leader (see Boris Johnson's piece in today's Daily Telegraph), Cable reminded activists of a Telegraph poll showing that he was the cabinet minister who Tory activists most wanted to evict from the government. The message to the party's base - "I'm one of you" - could not have been clearer.

Vince Cable gives his speech to the Liberal Democrat conference in Brighton. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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The top 10 reasons Brexit isn't working, according to Brexiteers

We'd have got away with it, if it weren't for that pesky Mark Carney. 

Over the next few years, it is likely that the economy will shrink, that the entire government will be consumed by trade negotiations at the expense of every other priority, and that EU leaders will use their considerable negotiation advantages to theatrically screw us. As this unpretty story unfolds, those who argued confidently for Brexit, in parliament and in the press, will feel compelled to maintain that they were right, and that if it hadn’t been for some other impossible-to-foresee factor everything would be going splendidly. What follows is an attempt to anticipate the most predictable post-rationalisations; I’m sure there will be more creative efforts.

1. WHITEHALL SABOTAGE. If we’re making no progress in trade negotiations, that’s because the civil service is doing its best to scupper a successful Brexit. That power-crazed madman Jeremy Heywood will stop at nothing to ensure he is bossed by Brussels, and the snooty bastards at the Treasury are working to subvert the national will out of spite. Even as our finest ministers strive manfully to cut Britannia free of its enslaving chains, all they hear from functionaries is “It’s a bit more complicated than that”. It’s only complicated because they want it to be.
 

2. REMAINERS TALKING DOWN THE COUNTRY. God knows we tried to reach out to them, with our gently teasing admonitions for being elitist snobs who just needed to get over it. But did they concede that a glorious future is at hand, if only we all wish for it? No, my friends, they did not. Instead, they sulkily point out how the things they predicted would happen are in fact happening, as if this somehow proves they were right. And since, inexplicably, the world agrees them, the whiners’ prophecy is being fulfilled.
 

3. THE GLOBAL ECONOMY. It appears the UK economy has sunk into a recession. Now, the whiners will tell you that this has got something to do with the vast uncertainty created by taking a fundamental decision about the nation’s future without a clue about how to implement it. In reality, of course, the recession has been caused by the same global economic headwinds that had absolutely nothing to do with the 2008 financial crisis, which was all Gordon Brown's fault.
 

4. ECONOMISTS. Since they nearly all said that Britain would be worse off if it voted Out, they now feel compelled to tell us that things are indeed worse. OK, maybe they are worse. But think about it: if we hadn’t voted Out, the economy might be even more calamitously buggered than it is now. This is logically unassailable. But do economists ever point it out? Do they Brussels. Yet sadly, global businesses, investors, consumers, and lots of other people who frankly lack gumption or vision, take these so-called experts seriously.
 

5. MARK CARNEY. Let’s get this straight: the Canadian governor of the Bank of England doesn’t want Britain to succeed, because then we’d be a direct competitor to his motherland. But with his honeyed voice and perpendicular jaw and incessant references to “data”, this man has gone a long way to convincing much of the public that he is some kind of disinterested authority on Britain’s economy. In reality, of course, he is out to destroy it, and seems to be making a pretty good fist of doing so.
 

6. EU BUREAUCRATS. You know those people we spent years attacking for being interfering, self-enriching, incompetent fools? Turns out they are now keen to make our lives as difficult as possible. The way to deal with this, of course, is to mount a national campaign of vilification. Another one. Before long they will be begging for mercy.
 

7. THERESA MAY. Look, we all wanted her to succeed. We knew she wasn’t one of us, but she wasn’t exactly one of them either, so we gave her a chance. Yet perhaps it is time to admit the possibility that the Prime Minister isn’t making this work because, when it comes down to it, she just doesn’t share our blood-pumping, sap-extruding belief in Britain unbound. In short, she’s just too damn reasonable. It’s time to embrace the unreasonable man. What’s Boris doing these days?
 

8. THOSE OTHER BREXITEERS (i). Not only can we not get the Remainers to present a united front to Brussels, it seems that we can’t even rely on our fellow Brexiteers. Most of us are on the same page: take back control of our borders, blue passports, compulsory blazers, onwards and upwards to the sunlit uplands. But there are some among our own ranks who frankly don’t get it. These latte-sipping media types simper on endlessly about the importance of retaining access to the single market and seem awfully keen on Norway. Why don’t they just go and join Remain?
 

9. THOSE OTHER BREXITEERS (ii). Hey guys, the problem is this: Brexit got hijacked by the roast beef and two veg brigade, OK? For us it was always about unleashing the entrepreneurial spirit, shaking off the dead hand of Eurocrat regulation, being more human, that kind of thing. We had to go along with all that anti-immigration stuff but believe me we were biting our tongues and crossing our fingers. Some of our best friends are Turkish.
 

10. NONSENSE, IT IS WORKING.

Ian Leslie is a writer, author of CURIOUS: The Desire to Know and Why Your Future Depends On It, and writer/presenter of BBC R4's Before They Were Famous.