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

March 10 (Bloomberg) -- 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, 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