Vince Cable to run for Liberal Democrats' leadership in UK

Former British minister Vince Cable today threw his hat in the ring for the Liberal Democrats' leadership, as he vowed to make the party a "credible contender for power" in the UK.
Sir Vince Cable todayannounced thathe is standing toreplace Tim Farron, who stepped down as Liberal Democrat leader.
The 74-year-old former business secretarysaid he is ready to lead the party through a period of "chronic uncertainty" as he claimed the "political winds are moving in our favour".
Announcing his candidacy on the Lib Dem Voice website, Vince said: "With 20 years on the national political stage I am passionate as ever about our liberal values."

"We are now growing again and the political winds are moving in our favour. I believe I can, as leader, offer the energy, dedication and drive, as well as experience, to help - with you - to make our party a credible contender for power," he said.
"I am ready to commit my energy, enthusiasm and experience to the task of leading the Liberal Democrats through what will be a period of chronic uncertainty," he added.
Vince said that there is a "big space in British politics" which he is "determined" for the Lib Dems to occupy.
The Liberal Democrats are facing their second hunt for a new leader in two years following Farron's resignation over conflict between his faith and political career.