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Page last updated at 07:33 GMT, Wednesday, 7 March 2012

Cable's business bank 'spot on'

In a leaked letter, Business Secretary Vince Cable has said that the government lacks "a compelling vision" for the UK's economic policy.

Steve Brittan, managing director of BSA machine tools and vice-president of the Birmingham Chamber of Commerce, told the Today programme's Evan Davis that he agreed with Mr Cable and that "things are not moving fast enough" despite the "right things being said".

Mr Brittan also supported the idea, floated by Cable in the letter, of breaking up the Royal bank of Scotland in order to create a British business bank, saying the concept was "spot on".

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