Vince Cable: Bank of England are a "capital Taliban"

Business quote of the day.

Vince Cable says the Bank of England have resembled a "capital Taliban" through its restrictions on lenders.

In an interview with the Financial Times he said the central bank has held back the recovery.

“One of the anxieties in the business community is that the so called "capital Taliban" in the Bank of England are imposing restrictions which at this delicate stage of recovery actually make it more difficult for companies to operate and expand

“It is clear that the main banks are failing to support good British companies in key areas like exporting and innovation,” said the business secretary.

Vince Cable. Photograph: Getty Images
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Police shoot man in parliament

A man carrying what appeared to be a knife was shot by armed police after entering the parliamentary estate. 

From the window of the parliamentary Press Gallery, I have just seen police shoot a man who charged at officers while carrying what appeared to be a knife. A large crowd was seen fleeing from the man before he entered the parliamentary estate.

After several officers evaded him he was swiftly shot by armed police.

Ministers have been evacuated and journalists ordered to remain at their desks. 

More follows. Read Julia Rampen's news story here.

Armed police at the cordon outside Parliament on Wednesday afternoon. Photo: Getty

George Eaton is political editor of the New Statesman.