Business Secretary Vince Cable MP
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Vince Cable on a 'carefully considered' bonfire of regulations

Vince Cable says the 'bonfire of regulations' suggested by Conservative colleagues must be considered in a 'rational way'.

Speaking on the Andrew Marr Show ahead of announcing changes to business regulations and industrial strategy, the Business Secretary said he agreed with Conservative MP Michael Fallon, the new business minister, that red tape must be reduced. But he emphasised that responsibility for policy lay with him.

You can watch the Andrew Marr Show in full on the BBC iPlayer