Vince Cable understands business and is popular with many small and medium-sized companies

Commenting on Vince Cable’s new appointment as Business Secretary, David Frost, Director General of the British Chambers of Commerce (BCC), said: "Vince Cable understands business and is popular with many small and medium-sized companies.

“His work as the Liberal Democrats’ Shadow Chancellor means that he knows where the UK fits within a global context, and the important role the private sector will play in driving future job creation and economic growth.

“His relentless focus on making sure that the banks lend to viable, credit-worthy businesses will be a critical part of his new position. However, with reform of the banking system on its way, he must ensure that these reforms do not lead to an upheaval for businesses.

“We look forward to working with Dr Cable and want to see him push British business to the forefront of the new coalition Government’s entire thinking."