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.
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