'Exit from Brexit': New Lib Dem leader Sir Vince Cable's promise

Vince Cable

Twickenham MP Sir Vince, who was knighted a year ago, was the only contender to replace him after all other potential candidates - including Norman Lamb and Sir Ed Davey - ruled themselves out. He praised Farron, who announced his resignation following the 2017 general election, and welcomed Jo Swinson as the party's new deputy leader.

There is no doubt that Vince Cable will bring a wealth of useful experience to the party.

The former coalition Business Secretary was the only challenger for the role and was due to be appointed this afternoon.

Britain is already beginning to see the negatives of leaving the European Union, Sir Vince Cable has told LBC.

But will he be leading the Liberal Democrats into 2022? Furthermore, numerous party's new members in the last two years joined after the United Kingdom voted to leave the union, suggesting strong pro-EU feelings among members. Yet there is a powerful argument for several UK-wide major parties: a firmly left wing party (Labour), a centre left party (the Lib Dems), a centre right party (the Tories) and perhaps a firmly right party (Ukip or a successor).

Cable pledged to put the party "at the center of the national debate", saying a boost in membership had given the party "enormous energy".

He has even talked to the FT about building a broader centrist movement.

Cable, 74, becomes leader just over two years after the electorate ejected him from Parliament in the 2015 general election.

The truth is that Cable has a mountain to climb.

It has, since its inception, suffered badly from the first-past-the-post electoral system, as did its predecessors the Liberal Party and the SDP.

Following Nick Clegg losing his seat at the last election, Cable became the most high-profile serving Liberal Democrat MP, having held the position of Secretary of State for Business, Innovation and Skills in the 2010-15 coalition government.

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