Tag Archives: ed davey

Reactions to the churn

So Kwasi Kwarteng is out and Jeremy Hunt is in. How long can Liz Truss last after today’s extraordinary moves?

Prominent Lib Dems have, of course, been giving us their take on the news:

 

 

 

 

 

 

I think we can see a clear message here!

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Ed Davey calls for General Election after Chancellor leaves office

We know now that Kwasi Kwarteng is out as Chancellor just hours after Downing Street told the BBC’s Chris Mason that he and Liz Truss were “in lockstep.” Whether he jumped or was pushed is for the journalists to work out.

I would be very surprised if we see them leaving Government in lockstep together, which seems unfair given that he was basically implementing the policies she put forward during her leadership campaign. In fact, he blinked first when the markets first went wild, putting out a statement after what was described at the time as a heated row between him and Truss.

It’s going to be interesting to see who she appoints as Chancellor – and who would be willing to do the job. Could we see Penny Mordaunt in No 11, or some  have suggested Jeremy Hunt.

We just have to wait to see what Liz Truss says at the press conference later this afternoon. She’s not a great one for humility and if there was ever an occasion that called for that in huge amounts, this is it.

While a u-turn, or partial u-turn (a j-turn?) on the Budget of Chaos will likely calm down the markets, the damage has been done to people’s mortgages and they will be feeling that for years to come.

Ed Davey has called for a General Election to get this lot out of office:

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Black History Month Messages from Ed Davey, Alex Cole-Hamilton and Jane Dodds

As we near the middle of Black History Month Ed Davey Alex Cole-Hamilton and Jane Dodds have all made statements which LDV reproduces in full or part below.

In the UK we use October to highlight and amplify the amazing contributions black people have made in the UK and around the world, to spotlight the struggles and oppression they have faced throughout history and the impact these had and continue to have on black communities. Most importantly it is a time we should remember and commit to continuing to support black communities including making our party and our politics more diverse.

Ed Davey writes:-

“October is Black History Month – a time to celebrate the Black British community, recognise their contributions and discover their stories. We owe a great debt to the Black pioneers who have transformed our society’s cultural and political landscapes.
{…} So we will keep campaigning to abolish the Conservatives’ cruel and discriminatory Hostile Environment, and end the disproportionate use of Stop and Search.  And we will keep working to combat racism – whether conscious or unconscious, individual or institutional – wherever we find it. As we honour the legacy of the Windrush generation and the countless others Black pioneers who helped shape our country, we owe it to them to stand up to bigotry, hate and injustice. I hope you will join me in this fight for equality.”

Full text here

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3 October 2022 – today’s press releases

  • Departing Conservative ministers handed over £410,000 in redundancy pay
  • Davey: Kwasi Kwarteng must resign so botched Budget can be scrapped
  • Conservative ministers slammed for holding 67 parties as British economy implodes
  • Kwarteng speech: Laughing about the turbulence is an insult to millions

Departing Conservative ministers handed over £410,000 in redundancy pay

Former Conservative ministers are set to be handed more than £410,000 in redundancy payments, new analysis by the Liberal Democrats have revealed.

This includes £18,860 for Boris Johnson, £16,876 for former cabinet ministers including Priti Patel and Michael Gove, and £14,491 for the former Solicitor General Alex Chalk.

The Liberal Democrats have called on Johnson and other outgoing ministers to forgo the thousands of pounds in redundancy payments, so the money can be used to support struggling families instead.

Under the Ministerial and Other Pensions and Salaries Act 1991, those resigning from office are entitled to 25% of the annual salaries they were paid when holding that office. Analysis by the Liberal Democrats suggests that, across government, this will lead to a total bill to the taxpayer of at least £410,642.

Commenting, Liberal Democrat Cabinet Office Spokesperson Christine Jardine, said

It is outrageous that as families cut back on food and heating, outgoing Conservative ministers are being awarded thousands of pounds, many of them after just a few weeks in the job.

It seems Liz Truss is against handouts for the British people, but not for her Conservative colleagues. Once again it’s one rule for Conservative MPs, another for everyone else.

Former ministers are given financial security, while struggling families and pensioners are facing economic chaos, higher bills and collapsing health services.

Outgoing Conservative ministers should do the decent thing and pass up their payoffs for the good of the country.

Davey: Kwasi Kwarteng must resign so botched Budget can be scrapped

Responding to Kwasi Kwarteng’s refusal to resign this morning despite his U-turn over the 45p tax rate, Liberal Democrat Leader Ed Davey said:

Kwasi Kwarteng didn’t listen when people’s mortgages soared, the pound tanked and the economy nosedived. Now he’s only acting because of internal rows at the Conservative party conference.

It just shows the Conservatives are totally out of touch with the country.

The Chancellor has lost all credibility and must resign now. Then Parliament needs to be recalled so we can scrap this rotten Budget, offer extra help to struggling mortgage borrowers and ensure our NHS and schools get the funding they need.

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30 September 2022 – today’s press releases

  • Truss urged to hold mortgage lender summit in Number 10 as millions left in “anxious limbo”
  • OBR forecasts: Economy left “flying blind” for two months
  • Calls reiterated for Welsh Government to Close Qatar Offices After Death of British National

Truss urged to hold mortgage lender summit in Number 10 as millions left in “anxious limbo”

The Liberal Democrats are urging the Prime Minister Liz Truss to host an emergency summit with mortgage lenders in Number 10 this weekend, instead of heading off to Conservative Party conference.

The call comes as hundreds of mortgage products have been withdrawn from sale since the Government presented its mini budget last week.

Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

The Conservatives have plunged our country into an economic crisis and what’s worse is that the damage is purely self inflicted.

Rather than head off on a jolly to party conference this weekend, Liz Truss should hold an emergency meeting with mortgage lenders in Number 10 to fix the chaos caused by her budget.

Millions of people are being left in an anxious limbo. Some are struggling to get the mortgages they need to get on the housing ladder while others are being left worried sick about losing their homes, all because of this Government’s catastrophic failure.

It would be unforgivable for Conservative ministers to sit around talking amongst themselves instead of taking action to sort out this mess.

The buck stops with the Prime Minister, she must not leave innocent mortgage borrowers to pick up the bill.

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29 September 2022 – today’s press releases

  • Davey: Truss must cancel Conservative conference to deal with economic crisis
  • Revealed: 32 crumbling hospital buildings including in PM’s backyard
  • Truss in complete denial on BBC Local Radio round
  • Liz Truss refuses to guarantee people’s pensions are safe
  • Fracking interview: Truss shows contempt for rural communities

Davey: Truss must cancel Conservative conference to deal with economic crisis

Ed Davey demands Liz Truss and her ministers spend time fixing the budget as new research finds Government energy bill support will be wiped out by higher mortgage bills

Typical family faces £2,000 rise in mortgage bills following last week’s disastrous budget

Liberal Democrat Leader Ed Davey has called on Liz Truss to cancel the Conservative party conference this weekend, and instead recall Parliament to vote to fix the disastrous mini-budget. The party is also calling on the Government to bring forward a rescue package for homeowners unable to pay higher mortgage bills as a result of last week’s budget.

Ahead of the energy price cap rising on Saturday (1st October), new analysis by the Liberal Democrats reveals the predicted rise in mortgage bills is more than double what the Government has offered to support households with their energy bills.

The Government has pledged to freeze energy prices at £2,500 for the average household, which would have equated to around £1,000 support for the average household.

However, the fallout from last week’s budget is predicted to force the Bank of England to raise interest rates to as much as 5% next year, costing the average mortgage borrower on a Standard Variable Rate a staggering £2,100 per year. Those on an average tracker mortgage would face an even higher annual increase of £3,000 per year if interest rates rise to the predicted 5% next year.

Liberal Democrat Leader Ed Davey said:

There is no way the Conservative Party can hold their conference whilst the British economy nosedives. The arrogance of Liz Truss and Conservative Ministers is frankly an insult to millions who now face higher bills as a direct result of last week’s budget. From this weekend they will abandon their posts in Downing Street, leaving a mess behind them and heading for the cocktail parties and mutual back-patting of the classic conference season.

In one fell swoop, Liz Truss and Kwasi Kwarteng crashed the economy, trashed the pound and paved the way for record interest rate rises.

Innocent mortgage borrowers will be left to pick up the bill of this gross incompetence. It is time Parliament is recalled and new measures passed to save families and pensioners unable to cope with this mortgage crisis. This botched budget cannot survive any longer.

Revealed: 32 crumbling hospital buildings including in PM’s backyard

  • Dangerous roofs not set to be replaced until 2035, Freedom of Information request reveals.
  • Hospitals in the Prime Minister’s and Health Secretary’s local areas have roofs at risk of collapse.
  • Liberal Democrats call on Government to fix the budget to save NHS from real-terms cuts amid rising inflation

32 hospital buildings across the country are fitted with dangerous roofs at risk of sudden collapse, data uncovered by the Liberal Democrats have revealed.

The Freedom of Information request has revealed that 32 buildings at 19 NHS Trusts are fitted with reinforced autoclaved aerated concrete (RAAC) which is said to be ‘structurally weaker’, ‘lightweight’ and ‘cheaper’ than a regular fitting. NHS England has also revealed that the dangerous roofs are not set to be fully replaced until 2035.

Queen Elizabeth Hospital in King’s Lynn, near Liz Truss’s constituency, is the worst in the country with four buildings fitted with the dangerous material. The chief executive of the hospital has previously likened the material to a “chocolate Aero bar” with bubbles that could break and collapse at any point. Liz Truss this morning refused to guarantee that the hospital would be fixed in an interview with BBC Norfolk, adding that she couldn’t make any promises on the Health Secretary’s behalf.

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Davey: Truss must cancel Tory conference to deal with economic crisis

Liberal Democrat Leader Ed Davey has called on Liz Truss to cancel the Conservative party conference which begins this weekend, and instead recall parliament to vote to fix the disastrous mini-budget. Lib Dems are also calling on the government to bring forward a rescue package for homeowners unable to pay higher mortgage bills as a result of last week’s budget.

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25 September 2022 – today’s press releases

  • Families facing £290 tax hike next year despite 1p cut, new analysis reveals
  • Kwarteng’s budget “staggeringly out of touch”
  • Mark Fullbrook saga: We need an urgent investigation into conflicts of interest

Families facing £290 tax hike next year despite 1p cut, new analysis reveals

A typical family will see their taxes hiked by £290 next year despite the 1p tax cut, new research by the Liberal Democrats has revealed, while top bankers are handed a tax giveaway of over £100,000.

It comes as analysis shows the total tax hit from the Conservative government’s freeze on income tax thresholds is now set to reach £32.4 billion over the next two years – £6.5 billion more than previously expected. The figures are based on an update of the OBR’s previous forecasts undertaken by the House of Commons Library, taking into account soaring inflation.

Liberal Democrat research shows a household with two adults paid the median salary of £31,876 will pay an additional £290 in income tax next year as a result of the freeze, despite the basic rate being reduced from 20% to 19%. This tax bill will rise to £590 by 2024-25, due to the tax threshold remaining frozen as inflation goes even higher.

A teacher on a starting salary of £25,700 will see their taxes rise by £121 next year (2023/24), once the freeze of the income tax threshold is taken into account, while an NHS nurse will see a £107 rise.

Meanwhile, a top banker earning £2.5 million will see a tax cut of over £117,000. It means the Conservative government’s tax giveaway to one top-earning banker would be enough to cancel the tax hike for over 1,000 nurses.

Liberal Democrat Leader Ed Davey said:

It is staggeringly unfair that this Conservative government is hiking taxes on struggling families while giving big businesses and banks a massive tax giveaway.

Cutting taxes for the most wealthy while hammering ordinary people with years of stealth taxes shows just how out of touch this government has become.

The facts are clear: Liz Truss and the Conservatives are only cutting taxes for the few, while millions of people will pay more.

Kwarteng’s budget “staggeringly out of touch”

Responding to Kwasi Kwarteng’s performance on Sunday with Laura Kuenssberg, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

Kwasi Kwarteng and this Conservative Government are staggeringly out of touch. He showed in his budget that banks and billionaires come first, while families and pensioners come last.

This Government has shown its true colours, making regular people pay in the long run for their economic vandalism. Now, they must cancel recess and allow Parliament to have a say on these shambolic plans.

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23 September 2022 – today’s press releases

  • Fiscal statement: Not a plan but “a recipe for disaster”
  • A Budget for the Mega Rich at the Expense of Ordinary Citizens
  • Debt dossier: Five times Truss and Kwarteng warned unsustainable borrowing could cripple the economy
  • Ed Davey: “Billionaires’ budget” shows Chancellor doesn’t have a clue

Fiscal statement: Not a plan but “a recipe for disaster”

Responding to the Chancellor’s fiscal statement today, Liberal Democrat Treasury Spokesperson Sarah Olney said:

This statement was an admission of failure from a Conservative government that is totally out of touch with the British people. It is not a plan, but a recipe for disaster that will leave families suffering from soaring prices while banks and oil and gas companies rake in huge profits.

Instead of a real plan to grow the economy, the Conservatives are reheating the same old failed policies and lifting the cap on bankers’ bonuses.

Handing billions of pounds of tax cuts to banks and multinational companies will do nothing to help people get a GP appointment when they need it, give our children a better education; and make our streets safer.

It’s clear that Kwasi Kwarteng and the Conservatives are taking the British people for granted and have no plan to deal with soaring energy bills, sky-high petrol prices and rising food costs.

A Budget for the Mega Rich at the Expense of Ordinary Citizens

Responding to the Conservatives’ mini budget, Welsh Liberal Democrat Leader Jane Dodds MS has labelled the plans announced as “a hideously out-of-touch’ budget designed to benefit the mega rich at the expense of ordinary citizens”.

Commenting Jane Dodds MS said:

What we have seen today is gross negligence. The Conservatives are intent on a budget that robs the poor to pay for the mega rich.

Someone on £200,000 a year will benefit by an extra £3,000 a year meanwhile those on the breadline will continue to struggle. It is almost criminal and completely detached from reality.

Cuts to cooperation tax, the removal of the bankers’ bonus cap and the abolishing of the top band of income tax for those earning over £150,000 will do absolutely nothing to help the average family this winter.

The Conservatives are reheating the same policies they’ve tried for the last 7 years that haven’t worked and have instead left the UK with stagnant growth, widening inequality and one of the lowest productivity rates in Europe.

This is the most financially irresponsible budget I have ever seen laid out and it will inevitably lead to either cuts in public services or more debt for our children and grandchildren through increased borrowing.

We need a general election immediately to remove this irresponsible and reckless Conservative Government out of power.

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Reactions to the “fiscal statement” (not a Budget, apparently)

First from Ed Davey:

Sarah Olney is our spokesperson for Treasury and Business & Industrial Strategy and she spoke in the debate:

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Does trickle down economics actually work?

I will start by stating loud and clear that my understanding of economics is at a very basic level. However the concept of trickle down economics is refreshingly simple, so even I get the gist. But does it work?

Ed Davey addressed the question in his interview on Sky News yesterday, where he says that the practice of boosting big business with tax cuts will not help the 4 million SMEs:

And neither will it help those many millions of people who are struggling now, at this very moment, with the cost of living crisis. Even if Truss’s proposals did manage to kickstart the economy again it would take months, if not years, to impact on ordinary citizens/consumers.

However the evidence appears to be that, even in the long term, trickle down (or supply side) economics doesn’t achieve its intentions.

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22 September 2022 – today’s press releases

  • Fracking: Rural areas treated like guinea pigs
  • Interest rates: Homeowners being punished by Government failure to control inflation
  • Recession: Blame lies with Conservative MPs
  • NHS announcement an ‘A, B, C of failure’
  • Lib Dems table motion to cancel Parliament recess and scrutinise mini Budget
  • Kwarteng growth plan: Shocking admission of Conservative failure

Fracking: Rural areas treated like guinea pigs

Responding to the British Geological Survey’s Report on fracking, Liberal Democrat Environment Spokesperson Wera Hobhouse said:

The government’s own experts have refused to say fracking is safe. That they choose to plough on regardless shows a callous disregard for our communities and countryside. From Surrey to Somerset, the government are treating people in rural areas like guinea pigs.

The Conservatives obsession with fracking lays bare that they don’t actually think that Climate change is happening and are not willing to take the urgent action needed. They are delaying climate action at every corner. The mask has finally slipped and is revealing Liz Truss and Jacob Reece Mogg as climate change deniers. It is bizarre that this has become their priority, rather than renewables: the cheapest and most popular form of energy.

If people suffer polluted water and dangerous earthquakes, this decision will prove unforgivable.

Interest rates: Homeowners being punished by Government failure to control inflation

Responding to the Bank of England raising interest rates by 0.5%, Liberal Democrat Treasury spokesperson Sarah Olney MP said:

This a hammer blow to struggling homeowners who are being punished by the Government’s failure to control inflation. This monster rate rise could have been avoided if Conservative Ministers bothered to take action sooner on energy bills and the rising cost of living. Instead, the Bank of England is left with no choice but to hike mortgage costs for millions.

It is first time buyers I fear for the most, who have scrimped and saved for their first house. Tomorrow Liz Truss has to clean up the mess made by this Conservative Government and bailout families and pensioners who will suffer as a result of this mortgage hike. This should start with re-installing an Emergency Mortgage Support Fund which was cruelly scrapped by Conservative Ministers.

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21 September 2022 – today’s press releases

  • Business energy bills announcement: a temporary sticking plaster
  • IFS debt analysis: Taxpayers footing the bill for Truss’s ideological obsessions
  • Conservatives handing banks a £6 billion tax cut, new research reveals
  • Calls for an Investigation into Failed Welsh Government Insulation Schemes
  • Demands Welsh Government ‘Names and Shame’ Property Developers Failing to Act on the Building Safety Scandal
  • Dental Crisis: Only 34% of Patients in Southwark Have Been Seen by an NHS Dentist in Past Two Years

Business energy bills announcement: a temporary sticking plaster

Responding to the government announcement on bills for businesses and the public sector, Liberal Democrat Treasury Spokesperson, Sarah Olney MP said:

This temporary sticking plaster comes too late for the many small businesses that already closed their doors for the last time because they couldn’t afford soaring bills.

The Conservatives have sat on their hands for months while treasured pubs, cafes and high street shops went to the wall.

This delayed announcement will leave our small businesses, schools and hospitals under a cloud of damaging uncertainty. The government have no plan beyond these next six months, paralysing businesses who need to make decisions for the long term. Support for high streets and public services should be in place for at least the next year and include measures to improve energy efficiency and cut bills in the long term.

The announcement shows the Conservatives have no plan and no understanding of the pressures facing our businesses and public services.

IFS debt analysis: Taxpayers footing the bill for Truss’s ideological obsessions

Responding to IFS analysis which shows debt is being left on an unsustainable path by the government, Liberal Democrat Treasury Spokesperson Sarah Olney said:

Liz Truss is asking hard-pressed taxpayers to fund her ideological obsessions in the middle of the biggest cost of living crisis in a generation. This is no way to govern Britain.

The Conservatives are prioritising record oil company profits and bankers’ bonuses whilst families struggle to pay their own heating bills.

This Government has lost all sense of fiscal responsibility. Future generations will be paying off the Conservatives’ debt for years to come with no guarantee of economic growth.

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Ed Davey’s tribute in the House of Commons today

Ed Davey spoke movingly in the Commons today.

 

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“Phony Freeze” – Ed Davey calls out Government as bills double from last year

Ed Davey has accused the Conservatives of bringing in a “phony freeze” on energy bills, after it emerged the average family will see their heating costs almost double this winter compared to last year.

Here he is challenging the Prime Minister:

Under the plans set out by Liz Truss today, energy costs will be capped at £2,500 a year for the average home, almost double the £1,277 the cap was set at last October. It is also an increase of over £500 on the current price cap.

Liberal Democrats were the first to call for energy bills to be properly frozen by keeping the current cap in place, funded by a tougher windfall tax on the record profits of oil and gas companies.

Ed said:

This phony freeze will still leave struggling families and pensioners facing impossible choices this winter as energy bills almost double.

Liz Truss and the Conservatives are choosing to allow this huge hike to people’s heating costs, while refusing to properly tax the eye-watering profits of oil and gas companies.

This is a deliberate choice and it is the wrong one. People are furious that once again the Conservatives are on the side of oil and gas giants making record profits rather than families struggling to make ends meet.

The point about a cap being funded at least in part by a windfall tax is an important one. Why should huge energy companies get an unexpected £170 billion bonanza and not have to contribute at all, yet a household on the average wage gets a huge hike in their bills this Winter?

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6 September 2022 – today’s press releases

  • Davey: Make energy bosses pay for freezing of bills, not our children
  • Truss Speech: Only way to end crisis is to get the Conservatives out of power
  • Chope appointment to Partygate inquiry – government backs down

Davey: Make energy bosses pay for freezing of bills, not our children

Liberal Democrat Leader Ed Davey has warned that Liz Truss’ plan to make taxpayers pay for the freezing of energy bills would “make our children pick up the tab”, while letting the oil and gas companies raking in record profits off the hook.

It comes as the Liberal Democrat Leader introduces legislation in Parliament today to bring in a tougher windfall tax on companies like BP and Shell that are raking in huge profits, to fund the freezing of energy bills.

The proposed Liberal Democrat Bill would prohibit Ofgem from increasing the energy price cap above its current level in October, funded by extending and backdating the windfall tax. It also calls for small businesses to be supported with their bills, paid for by reversing Conservative tax breaks for banks.

Liberal Democrat Leader Ed Davey said:

Liz Truss spent weeks during this summer leadership contest leaving families and pensioners worried and in limbo by refusing to set out her plans to tackle soaring energy bills. Now she seems set to make our children pick up the tab for this mess, while letting oil and gas firms making record profits off the hook.

It shows Liz Truss and the Conservatives are completely out of touch with the British people.

The Liberal Democrats have today tabled legislation to protect people and businesses from sky-high heating bills this winter. This would be paid for by a tougher windfall tax on oil and gas companies and the scrapping of Conservative tax cuts for big banks.

That would be a much fairer and more responsible way to tackle rising energy bills than even more borrowing for taxpayers to pay back in the future.

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Daisy Cooper slams Truss speech and Ed Davey calls for General Election

Deputy Leader Daisy Cooper has absolutely slammed Liz Truss’s speech on the steps of Number 10.

It did nothing, she said, for the business owners who were scared that they might have to close their businesses in days if not weeks.

She criticised the reported Truss plan on energy bills, saying that she should pay for it by taxing the energy companies’ massive profits rather than through general taxation.

Ed Davey was up early this morning. A friend of mine on Twitter saw him keeping warm with a Pret coffee. He explained to BBC Breakfast why the Government should tax energy firms:

 

Ed also called for a General Election to get the Tories out of power once and for all:

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It’s Truss, but without as much support as she might have expected…

So, the former Liberal Democrat beats the former Chancellor to be the new Leader of the Conservative Party and, thus, Prime Minister. But it was rather closer than had been previously suggested, with only 57% of those Conservative Party members who voted backing her. And, given the polling data which suggests that members would rather have kept her predecessor than either of the choices put before them, she might have hoped for a better mandate.

Ed Davey had an immediate demand for Liz Truss;

Under Liz Truss, we’re set to see more of the same as under Boris Johnson. From the cost of living emergency to the NHS crisis, the Conservatives have shown they don’t care, have no plan and have failed our country.

The Government needs to scrap October’s energy price rise to avoid a social catastrophe for families and pensioners this winter.

Then we need a General Election, to get the Conservatives out of power and deliver the real change the country needs.

Jane Dodds and the Welsh Liberal Democrats were quick to respond too;

Under Liz Truss we are set to see more of the chaos that we saw under Boris Johnson. From failing to deal with the cost-of-living emergency, to letting small and medium businesses face the winter alone, to failing to deal with the climate crisis, the Conservatives have shown they don’t care, have no plan and have failed our country.

The Conservatives may have changed leader, but after twelve years in power at Westminster the Conservatives have shown they are out of ideas, out of energy and out of touch.

First the government needs to urgently scrap October’s energy price rise to avoid a social catastrophe for families and pensioners this winter. Then we need a general election, to get the Conservatives out of power and deliver the real change Wales needs.

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Ed Davey: £10bn energy bailout needed to save the high street

Earlier today we highlighted the impact of high energy costs on schools. And now Ed Davey has turned his attention to the commercial sector – retail and hospitality in particular.

He is calling on the new Prime Minister to set up an emergency support scheme for 1.4 million small businesses akin to those that appeared during lockdown. As we mentioned before, the energy price cap only applies to domestic households, so businesses could find their costs rising by 400%.

His proposal would offer grants of up to £50k to shops, pubs, restaurants and all small businesses to help them cope with huge energy bills. The grants would cover 80% of the increase in energy bills for one year, up to the maximum of £50k.

The cost of the scheme is estimated to be around £10 billion, and this could be covered by reversing the planned tax cuts for big banks. In detail, we are told that would include cancelling the Government’s cut to the Bank Surcharge that is due to take effect in April 2023 and restoring the Bank Levy to 2015 levels, raising £10.6 billion over the next four years.

Ed said:

Our treasured high streets risk being turned into ghost towns and small businesses across the country risk being devastated by sky-rocketing energy bills, but Conservative ministers don’t seem to get it or care.

Local shops, pubs and restaurants could all close their doors for the last time over the coming months unless the government steps up urgently.

We need an energy bailout now to save the high street, rescue small businesses and keep prices down for families. This could be funded by reversing the Conservatives’ tax cuts for the big banks, and focusing on saving our struggling small businesses instead.

There is no time to waste. The new Conservative Prime Minister must bring in legislation to protect families and businesses from soaring energy bills as soon as Parliament returns on Monday.

Makes sense. But will the new Prime Minister have the courage to do it?

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Ed Davey interview with Tory think tank, Bright Blue

Ed Davey has been interviewed by ‘Centre Write ’ the magazine of Bright Blue – who describe themselves as “an independent think tank for liberal conservatism. We defend and improve liberal society.”

The interview is billed as talking to Ed about “about coalitions, what it means to be a liberal, and what the future, holds for the party he leads” and Ed provides some robust answers  to their questions. When asked if he regrets entering the Coalition he talks about his fighting the Tories over renewable energy – but as a result of winning those fights we have cheaper energy and lead the world in offshore wind. He doesn’t answer the question about whether he regrets us joining the Coalition but could not be clearer when asked “ Would you ever enter into a coalition with the Conservatives again?: 

“The answer is no. It’s quite simple.”

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26 August 2022 – today’s press releases

  • Davey – price rise “nothing short of catastrophe for millions”
  • Sewage: New Govt plan is a cruel joke and will result in 325,000 sewage dumps a year by 2030

Davey – price rise “nothing short of catastrophe for millions”

Liberal Democrat Leader Ed Davey responds to price cap announcement:

This energy price rise is nothing short of a catastrophe for millions of families and pensioners already struggling to make ends meet.

The only option is for energy prices to be frozen before these rises wreak havoc on our communities. Then we need a proper plan to be put in place to bring bills down

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Times: Keir Starmer is “Ed Davey tribute act”

In the Times (£), Matt Chorley points out that Keir Starmer is on a push to steal the Lib Dems’ big ideas:

So the Labour leader is back. And we now know what he was doing in Spain: trying to get on the Lib Dem website using up whatever 4G was left in his mobile package now that free roaming, which wasn’t going to disappear after Brexit, amazingly disappeared after Brexit.

I’ve lost track of where we were with the Starmer Relaunch Roulette game, but whoever had “Ed Davey tribute act” has had a good week. On October 26 last year Davey called for a windfall tax on energy companies. Twelve weeks later, Starmer did the same. And then Rishi Sunak did it. On August 9, Davey called for the energy price cap rise to be scrapped. Five days later, Starmer came back from his hols and followed suit.

And he hasn’t stopped yet:

Also back on August 9 the Lib Dems demanded that parliament be recalled. It took Starmer a few more days to get to that bit of their snazzy new website, but lo and behold, yesterday Labour emailed Boris Johnson demanding parliament be recalled.

Chorley quotes Ed’s tweet:

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15 August 2022 – today’s press releases

  • 34 hospital buildings revealed to have dangerous roofs at risk of collapsing
  • Lib Dems call for “double bill freeze” this winter to save families £2,000

34 hospital buildings revealed to have dangerous roofs at risk of collapsing

  • The poor quality roofs described as “chocolate aero bars” by fearful hospital bosses
  • NHS chiefs are emergency planning for the roofs to collapse at 16 different hospitals
  • One of the hospitals affected is in Liz Truss’s Norfolk constituency

A new Parliamentary Question tabled by the Liberal Democrats has revealed 34 hospital buildings across 16 different NHS trusts are fitted with roofs which NHS chiefs have warned could collapse at any moment. Liberal Democrat Leader Ed Davey is demanding the Government action plan for emergency upgrades to the hospitals as patients and staff safety are put at risk.

The government revealed that 34 buildings at 16 NHS trust have been identified as being fitted with reinforced autoclaved aerated concrete (RAAC) which is said to be ‘structurally weaker’, ‘lightweight’ and ‘cheaper’ than a regular fitting.

NHS chief executive of Queen Elizabeth in King’s Lynn, Caroline Shaw, likened the material to a “chocolate Aero bar” with bubbles that could break and collapse at any point. It has been reported that some of the roofs are even being held up by steel props due to their structural weakness. This hospital is in Liz Truss’s constituency in Norfolk.

Hinchingbrooke in Cambridge, also impacted by these dangerous roof fittings, last year banned patients weighing more than 19 stone from having surgery in two of its operating theatres in case it put too much strain on the floor.

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14 August 2022 – today’s press releases

  • Government set to recover just a third of the £1 billion it pledged to claw back from Covid fraudsters
  • IPPR Analysis: Energy bills threaten to plunge millions into poverty this winter

Government set to recover just a third of the £1 billion it pledged to claw back from Covid fraudsters

  • The Government promised to recover £1bn between April 2021 and April 2023, but with just £226 million collected in 2021-22 it is all but certain to break its pledge.
  • Fraudsters are now on track to get away with £8 of every £10 they stole with £3.7bn of taxpayers’ money written off.
  • Liberal Democrats call on Liz Truss and Rishi Sunak to appoint a new fraud minister on day one to track down stolen taxpayers’ cash

The Government’s Covid fraud taskforce is on track to recover just a third of the £1 billion it pledged to claw back from fraudsters, new analysis of HMRC figures have revealed.

In 2021 Ministers set up the Taxpayer Protection Taskforce with the aim of recovering £1 billion of stolen funds related to its Covid support by the end of 2022-23. But new figures published by HMRC show the Government is lagging far behind this target.

They show the taskforce has recovered just £226 million so far in 2021-22, plus a mere £9 million in the first month of 2022-23. If it continues at this sluggish pace, the taskforce would bring back just £335 million by April 2023 – missing its target by two thirds, and allowing fraudsters to get away with another £665 million of stolen taxpayers’ money.

It means Covid scheme fraud is currently set to land taxpayers with a total £3.7 billion, with fraudsters keeping £8 of every £10 they stole. That money could fund the increase of nearly 2.3 million families’ energy bills as prices are set to rise again this October.

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Davey: Conservative candidates in parallel universe on cost of living crisis

Writing in the Express today, Ed Davey called for parliament to be recalled to pass legislation to halt the increase in energy prices that are driving much of the cost of living crisis. With food prices rising and set to rise further, the Lib Dems are calling for a broader package. Davey said we should double the Warm Homes Discount and extend it to more people. Double the Winter Fuel Allowance to give 11 million pensioners up to £600 off their bills. Raise Universal Credit by £20 a week. And thinking longer term, he says the government should begin an emergency home insulation programme, starting with homes in or at risk of fuel poverty.

Energy bills soaring, inflation soaring, interest rates soaring, and as the cost-of-living crisis turns into a cost-of-living catastrophe our government is that of a zombie, limping on – helping no one.

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Davey: A cosy meeting with energy companies isn’t enough

 

Ed Davey has warned that tomorrow’s meeting between government ministers and energy companies risks becoming “a pointless talking shop” unless a tougher windfall tax is confirmed.

He demanded that the Business Secretary and Chancellor impose a tougher windfall tax on energy companies to fund the scrapping of October’s energy price rise. He wants the rate raised from 25% to 30% and its scope increased to include profits since October 2021.

He thinks this could raise around £20 billion, four times more than the government’s weaker levy is currently expected to generate.

Ed said:

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Ed Davey: Cancel energy price rise to avoid a social catastrophe

Here’s Ed Davey on yesterday’s Good Morning Britain  talking about his radical call for the Government to cancel the energy price cap rise planned for October, paying for it by a windfall tax on energy companies and increased VAT receipts.

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Cancel October energy price rise says Ed Davey

Just last Friday I was saying that while we were saying some good things about the cost of living emergency, we needed to come up with something bolder to deal with such a massive economic shock.

I should have been more patient. Ed Davey has stepped up to the mark, calling for October’s energy price rise to be cancelled, with part of the cost covered by a windfall tax on the energy companies. Given that some of them are making quarterly profits larger than the GDP of some countries, that is entirely justifiable.

Under our plans, the 70% increase in the energy price cap expected to be announced by Ofgem later this month would be cancelled, with the Government instead paying the shortfall to energy suppliers so that they can afford to supply customers at the current rates. The party estimates that this would save a typical household an extra £1,400 a year.

This is not cheap, but the party says that the estimated £36 billion cost should be met by expanding the windfall tax on oil and gas company profits, and using the Government’s higher-than-expected VAT revenues as a result of soaring inflation.

The party is also calling for more targeted support for vulnerable and low income households. This would include doubling the Warm Homes Discount to £300 and extending it to all those on Universal Credit and Pension Credit, while investing in insulating fuel poor homes to bring prices down in the long term as well as reinstating on permanent basis the £20 per week Universal Credit uplift introduced during the pandemic.

Ed said:

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Lib Dems comment on dire economic news – but we need to say more

This week has had more than its fair share of dire economic news. The prospect of a deep, prolonged recession at a time of soaring prices means that people on the lowest incomes are really going to suffer. Let’s think about what that looks like. It means that people on the lowest incomes will simply not be able to afford the basics that they need to survive. If they don’t face the prospect of losing their home, heating it to an adequate level will be a challenge.  Putting food on the table will be tough.  Even if they just manage to get by, an unexpected car repair bill, or a washing machine breakdown, could be problems that they can’t cope with. It is quite likely that we will see levels of poverty and suffering that we thought were gone for good.

It’s the most terrifying economic landscape since 2008. And with recession comes the prospect of people losing their jobs. We didn’t have energy and living costs on a steep upward curve then.

I remember only too well the recession of the 1980s. That ITN Jobs round up every Friday showing so many jobs being lost every week. Soaring unemployment as, one by one, our key manufacturing industries crumbled.  Remember UB40’s One in Ten?

At that point though the welfare state met more of your living costs if you lost your job. You at least had some chance of getting by. And students could get help with Housing Benefit and could sign on during the long Summer holiday if they couldn’t get a job. Now, benefits are less generous, and woe betide you if you dared have more than two children since 2017 because you won’t be able to claim any Universal Credit for them.

During the 90s recession, I worked in the civil courts in England and it was heartbreaking to see the huge rise in both mortgage and rent possession cases. Each one of those meant that someone was in danger of losing their homes, and many did.

As interest rates rise, so do mortgages. Already high private sector rents are likely to increase as landlords pay more on their buy to let mortgages.

It all seemed terrible back then, but now the prospects and the pressures on incomes are even worse.

Inflation on its own is bad enough but then you have a nearly £1300 rise in energy costs from their already high level from October with the prospect of further rises every three months. If you are on a low income you are more likely to be on a prepayment meter and will find it more difficult to access help while you pay proportionately higher prices.

And all the time prices continue to rise with the Bank of England warning that inflation could hit 13%.

There is not much in the way of respite coming your way. The extra money already announced isn’t going to go very far if you are low paid.

All of this comes at a time when the Conservative Government have been cutting public services for too long. So where councils might have been able to provide much needed help in the past, they are not able to do so now. Advice agencies also need investment so that they can help people find their way through and advocate on their behalf.

Senior Liberal Democrats have been talking about the crisis. Here’s Ed Davey on the news of the energy price cap rise:

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NHS crisis: Never have so many been ignored by so few

The NHS is in an unparalleled crisis and the whole system seems at the edge of breakdown. Everything from care primary from ambulances, A&Es, staffing of hospitals, through to discharge to care is in crisis. Yet, the NHS is being almost ignored in the leadership debate and by the zombie government.

Last night, ITV news ran a short item on the crisis ahead of tonight’s report on the crisis on Tonight (ITV 8.30pm). Ed Davey said the item was “hard to watch”:

Many might find the leadership debates, or perhaps I should say leadership debacle, hard to watch. The economy is vastly important but it is not the only game in town. The NHS should not be a sideshow in the pursuit of politician’s ambitions.

Never have so many been ignored by so few.

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