Minimum wage rise of 3% recommended

The independent body that advises the government on the minimum wage is to recommend an increase of 3%, Business Secretary Vince Cable has announced.

UK business minister urges BoE to clamp down on risky mortgages

(Reuters) - British business minister Vince Cable on Thursday urged the Bank of England on clamp down on mortgages with high loan-to-income ratios to stop booming house prices from harming the economy.

Vince Cable rebuked by No 10 as he stirs euro crisis

George Osborne was forced to intervene yesterday after Vince Cable warned that Greece would have to delay paying some of its debts.

By James Kirkup, and Andrew Porter

Downing Street quickly made it clear that the Liberal Democrat Business Secretary was not authorised to set out government policy on the eurozone crisis.