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The Peter McCormack Show

#114 - Vince Cable - Reform v Lib Dems - The UKs Political Future

The Peter McCormack Show

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 β€’ 2.7K Ratings

πŸ—“οΈ 18 September 2025

⏱️ 70 minutes

🧾️ Download transcript

Summary

Sir Vince Cable served as Secretary of State for Business in the coalition government and later became leader of the Liberal Democrats.

We discuss:
– Why the UK economy is fundamentally broken
– The failures of the Conservatives & Labour
– Whether the Lib Dems have a future
– Why growth has stalled & public trust collapsed
– Coalition government, tuition fees & political regret
– Liz Truss, Brexit & the case for honesty in politics
– Localism, China, Trump & new global superpowers

Transcript

Click on a timestamp to play from that location

0:00.0

We're probably at one of those big historical turning points.

0:03.0

I look back to, you know, in 1923, 24, after the First World War,

0:08.0

the country was very unsettled and all kind of issues arising from the war.

0:13.0

And the Liberal Party just disappeared, more or less, in the space of a couple of elections.

0:17.0

It had been the, you know, dominant party for a century and they just went.

0:21.8

And they've come back in as part of the Lib Dems, but actually the party died, really, and

0:27.2

was replaced by the Labour Party. And I think we're maybe at that kind of turning point again.

0:31.6

I think it's very plausible to imagine that reform are one of the two parties that will emerge

0:37.3

from all this. I would like to think the Lib Dems are the two parties that will emerge from all this.

0:38.0

I would like to think the gems are the other, but yeah, I take the basic point that I think

0:43.7

we're in a state of potential upheaval.

0:48.2

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1:31.0

we've really enjoyed being involved in non-league football and i don't know i find myself watching

1:37.4

the premier league less yeah well i occasionally get to the emirates okay i've got a friend who

...

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