Vince Cable says he is staying in the Cabinet

The Scotsman reports a Commons press gallery lunch with the Vince Cable. After itemising all the speculation about his future, it goes on:

But at a Press Gallery lunch in the Commons, Mr Cable claimed that some of the policies he is supposed to be unhappy with, such as removing the structural deficit in the lifetime of the parliament, were originally his own ideas.

He added that he was "proud" of the university reforms although he acknowledged that his party "took a serious hit" on the issue.

He also highlighted the controversial privatisation of Royal Mail, pointing out that he had succeeded where his Tory and Labour predecessors failed.

On his own future, he said: "It took me 30 years to get into this place (parliament]. Throughout that time people said 'what's the point, you should do something else' but I did keep going and I did get in. The lesson is to stick at it and that is exactly how I approach my job now."

He added that he saw himself as an "important part of the government" over the next five years.