"Public and media interest in the banking sector and RBS have not dissipated”

Business quote of the day.

Business secretary Vince Cable applies pressure to the Scottish authorities to produce a decision on whether to prosecute former directors of Royal Bank of Scotland in charge at the time of the bailout, including Fred Goodwin.
The matter was referred to Scotland's Crown Office in January last year.
Mr Cable wrote a letter to Lord Wallace, advocate director for Scotland, saying he was very keen for a decision to be reached as quickly as possible to “maintain public confidence”.
He added, "I want to be clear that I am not seeking to influence the outcome of this process. However, public and media interest in the banking sector and RBS have not dissipated.”

Vince Cable. Photograph: Getty Images
Photo: Getty
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Cabinet audit: what does the appointment of Liam Fox as International Trade Secretary mean for policy?

The political and policy-based implications of the new Secretary of State for International Trade.

Only Nixon, it is said, could have gone to China. Only a politician with the impeccable Commie-bashing credentials of the 37th President had the political capital necessary to strike a deal with the People’s Republic of China.

Theresa May’s great hope is that only Liam Fox, the newly-installed Secretary of State for International Trade, has the Euro-bashing credentials to break the news to the Brexiteers that a deal between a post-Leave United Kingdom and China might be somewhat harder to negotiate than Vote Leave suggested.

The biggest item on the agenda: striking a deal that allows Britain to stay in the single market. Elsewhere, Fox should use his political capital with the Conservative right to wait longer to sign deals than a Remainer would have to, to avoid the United Kingdom being caught in a series of bad deals. 

Stephen Bush is special correspondent at the New Statesman. He usually writes about politics.