Do you have another wall light in the room? If you do the other end of that cable will be in the other wall light you could disconnect it out of that if you feel brave.
Looks like a stud wall if I were you I would just tape it up and push into the wall and filler the hole up. No danger at all there.
Cheers guys - yeah I've done this (its an external wall) - taped it up and blanking plate over top. Appreciate the help ta