Vince Cable to step down as Lib Dem leader on 23 July

Vince Cable’s announcement came within hours of Theresa May’s resignation as Tory leader. Photograph: Peter Summers/Getty ImagesVince Cable has set the date for his departure as Liberal Democrat leader, saying he will hand over a “bigger, stronger party” to his successor on 23 July. With the party expected to do well when the results of Thursday’s European elections are announced on Sunday, Cable said it was time to fulfil his promise to step aside. The contest to s