Vince Cable: Spending, Trident, Rennard and women MPs

Britain "should be doing a lot more capital spending," said the business secretary, who added "some very positive things were happening" but they take a long time to mature.

Vince Cable spoke about the spending in his department and added that scrapping Trident could lead to "significant long-term savings" when asked about Philip Hammond's call for defence spending.

Asked about his party's figures on number and proportion of women MPs, Mr Cable admitted: "We are not in the vanguard and we have to do a lot more... it is not a great record."

He was also asked about the Lord Rennard allegations, his own leadership ambitions, and Nick Clegg's future.

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