U.K.’s Cable Calls for Reform to Equity Markets, Guardian Says

U.K. Business Secretary Vince Cable called for equity-market reforms, including ending quarterly reporting, to encourage companies to take a long-term approach to developing their business, the Guardian said.

Cable has asked Tim Breedon, chief exeuctive officer of Legal & General Group Plc (LGEN), to help find ways to provide long- term funds for infrastructure projects and small and medium- sized enterprises, the newspaper reported in an interview before this weekend’s Liberal Democrat spring conference.

“The government has a positive role to play” in boosting the economy, Cable said.

He also called for a clampdown on stamp duty evasion and a simplification of Britain’s tax system.

To contact the reporter on this story: Sarah Jones in London at sjones35@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.