The Rt Hon Sir Vince Cable visited Brentwood School on Thursday 25th February to give a lecture entitled ‘Is the Financial Crisis Really Over?’ to student members of the Sir Antony Browne Society, as well as students from Brentwood County High School.
Liberal Democrat Dr Cable, the former Secretary of State for Business, Innovation and Skills in the Coalition Government between 2010 and 2015, began his talk by exploring the events that led to the global economic crisis of 2008 and gave his personal account of how the UK joined other countries in trying to cope with the unprecedented financial turning point.
Speaking to a packed audience of Sixth Formers, many of them Economics and Business Studies students, he attributed much of the recovery in the UK to Chinese investment and criticised the then and current Chancellor of the Exchequer George Osborne for being too reluctant to spend money despite the cost of borrowing being so low.
He happily answered dozens of questions from excited students on the pending EU referendum, immigration, and the future of the Liberal Democrats, which he is optimistic about, and later joined students and staff for supper in the School Dining Halls.
Headmaster Ian Davies commented: “We were honoured to welcome such a high profile and crucial figure as Sir Vince to the School to discuss this important issue which is as relevant today as it was in 2008. I’m grateful for the time and patience he showed our students.”