SIR VINCE Cable is to stand down as leader of the Liberal Democrats following local elections in May.
The 75-year-old had told his party last September that he would resign after Brexit had been ‘resolved or stopped’. But he said it was now clear that it would be a ‘protracted process and may never happen’.
He revealed his decision in a Daily Mail interview in which he admitted he had presided over a ‘gradual’ rather than a ‘spectacular’ recovery of the party since taking over in 2017. The former business secretary told the newspaper he wanted to step aside to allow ‘the next generation’ to take over but will remain an MP.
He said: ‘I wanted an orderly process of succession, rather than chaotic power struggles you’re seeing inside the Tory party and Labour party.’
Possible successors are thought to include Jo Swinson, Ed Davey and Layla Moran.