Tag Archives: uk economy

8 May 2025 – today’s press releases

  • US and UK trade deal: Parliament must be given a vote
  • Interest rates: Trump tariffs, spiralling bills and jobs tax still ‘hammering’ millions of households
  • UK-US deal: would show “complete disrespect” to public if waved through with no vote
  • Greene responds to direct award of ferries to CalMac
  • Cole-Hamilton marks VE Day
  • McArthur responds to FM’s comments on assisted dying

US and UK trade deal: Parliament must be given a vote

Commenting on reports that a US/UK trade deal will be announced later today, Liberal Democrat Treasury Spokesperson Daisy Cooper MP said:

Parliament must be given a vote on this US trade deal so it can be properly scrutinised.

A good trade deal with the US could bring huge benefits, but Liberal Democrats are deeply concerned that it may include measures that threaten our NHS, undermine our farmers or give tax cuts to US tech billionaires.

If the government is confident the agreement it has negotiated with Trump is in Britain’s national interest, it should not be afraid to bring it before MPs.

Interest rates: Trump tariffs, spiralling bills and jobs tax still ‘hammering’ millions of households

Responding to the Bank of England cutting interest rates to 4.25%, Liberal Democrat Treasury spokesperson Daisy Cooper MP said:

Today’s rate cut is of course welcome news, but it cannot distract from the fact that millions of households are still being hammered by Trump’s tariffs, spiralling bills and a growth-crushing jobs tax that is already eating into pay packets.

To break the cycle of stagnation left by the Conservatives, the government must scrap its jobs tax, fix the broken business rates system and stand up to Trump’s tariffs.

We urge the government to build an economic coalition of the willing with European and Commonwealth allies and set its sights higher by pursuing a bespoke UK-EU customs union. This is the way to reboot our economy, rebuild public services and protect family finances.

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17 March 2025 – today’s press releases

  • OECD: Chancellor cannot ignore “steady drumbeat of economic misery”
  • Thames Water appeal: Govt must put company into special administration
  • Scottish Lib Dems: We must end big city bias in creative spend
  • Rennie: Dundee University needs a ministerial taskforce
  • Ferguson missing out on ferries order “hangover” from SNP fiasco

OECD: Chancellor cannot ignore “steady drumbeat of economic misery”

Responding to the OECD revising down their 2025 growth forecast for the UK by 0.3 percentage points to 1.4%, Liberal Democrat Treasury spokesperson Daisy Cooper MP said:

The Chancellor cannot ignore this steady drumbeat of economic misery any longer. Trump’s senseless tariffs and the Government’s own economic policies are acting as an anchor on any meaningful growth.

At the Spring Statement, Rachael Reeves cannot bury her head in the sand. She must admit that her Budget has failed to break from the years of Conservative economic vandalism.

The Chancellor must change course by first scrapping her growth-crushing jobs tax which is about to hammer small businesses, and second, by embracing the idea of a bespoke UK-EU Customs Union which would unleash growth.

Only then will we see the growth needed to rebuild our public services and properly protect family finances.

Thames Water appeal: Govt must put company into special administration

Responding to the news that the court has rejected his appeal to prevent Thames Water from an additional £3 billion bail out, MP for Witney Charlie Maynard said:

Thames Water remains a cash cow for its lenders, while its 16 million customers are left to foot the bill for the company’s ludicrously expensive interest charges and advisory fees.

It is in the Government’s power to end this now for the benefit of the British public and seek to put the company into special administration.

We must not stand back and allow Thames Water’s lenders to keep lining their pockets at the expense of customers and the environment while our regulators sit on their hands and the company pumps gallons of sewage into our rivers, neglects basic repairs and hikes up customers’ bills.

Scottish Lib Dems: We must end big city bias in creative spend

Scottish Liberal Democrats have today revealed the disparities in arts spending across Scotland and urged the SNP Government to ensure that creative talent can flourish in every corner of the country.

Creative Scotland is the public body responsible for funding the creative industries in Scotland and distributing funding from the Scottish Government and the National Lottery.

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14 March 2025 – today’s press releases

  • GDP: Reeves’s plan for growth leaves “economy on life support”
  • Scottish Government refusing to say whether Gupta firms in breach of legal agreements
  • Adam Harley selected for Scot Lib Dem target seat of Strathkelvin & Bearsden
  • McArthur welcomes watershed moment in assisted dying debate as GPs vote to drop opposition
  • Jardine comments on SNP MPs approved for 2026 candidacy
  • Rennie responds to Glen Sannox pulled from service

GDP: Reeves’s plan for growth leaves “economy on life support”

Responding to GDP shrinking by 0.1% in January, Liberal Democrat Treasury spokesperson Daisy Cooper MP said:

The Chancellor’s wretched Budget has left our economy on life support so the Spring Statement must deliver a much needed shot in the arm.

Just as the Chancellor’s jobs tax is set to hammer small businesses and plunge high streets into despair, the Government’s refusal to negotiate a bespoke UK-EU Customs Union to unleash economic growth is baffling.

At the Statement, the Chancellor must admit that her Budget has failed to reverse the years of Conservative economic vandalism and put forward a new plan that unleashes the growth potential of small businesses up and down the land.

Scottish Government refusing to say whether Gupta firms in breach of legal agreements

Scottish Liberal Democrat economy spokesperson Willie Rennie has today piled pressure on the Scottish Government after a minister repeatedly refused to say whether recipients of millions of pounds of taxpayer-backed guarantees who have repeatedly failed to file accounts were in breach of their deals with the government.

It was revealed in October that the CEO of Liberty House Group, Sanjeev Gupta is currently facing prosecution over his alleged failure to file accounts for more than 70 companies. This follows years of media reporting that accounts for both the Dalzell steelworks – acquired by Mr Gupta from Tata Steel in a controversial back-to-back deal facilitated by the Scottish Government – and for the Lochaber aluminium plant – also owned by Mr Gupta and owing £7m in loans to Scottish taxpayers – have gone unfiled.

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12 March 2025 – today’s press releases

  • Steel tariffs: Business and Trade Secretary needs to toughen up against Trump
  • PM speech: Starmer “tinkering around the edges”
  • Bathing Water Monitoring Announcement: Ultimately, this is not enough
  • Rennie calls for statement to Parliament on future of University of Dundee
  • Cole-Hamilton responds to Sturgeon stepping down

Steel tariffs: Business and Trade Secretary needs to toughen up against Trump

Responding to Trump’s levelling of 25% tariffs on steel and comments by Business and Trade Secretary Jonathan Reynolds this morning, Liberal Democrat Deputy Leader and Treasury Spokesperson Daisy Cooper MP said:

Being repeatedly kicked by the other side and doing nothing is not an effective negotiating position. The Business Secretary needs to toughen up.

Meanwhile, the Conservatives would roll over and beg Trump for a bad trade deal that sells out British farmers and our NHS.

Enough is enough. We must act from a position of strength, standing up for British steel and the UK economy through retaliatory measures.

PM speech: Starmer “tinkering around the edges”

Commenting ahead of the Prime Minister’s speech tomorrow, Liberal Democrat Leader Ed Davey said:

The Prime Minister is tinkering around the edges while our economy continues to stutter.

The last Conservative government left behind mountains of waste, but these measures are doomed to fail without far more ambition to get the economy growing.

Keir Starmer needs to act now by reversing his devastating National Insurance jobs tax and moving much faster to fix social care – the only way to save the NHS.

If the Prime Minister is committed to kickstarting growth he must urgently negotiate an ambitious new deal with the EU to boost trade, grow our economy and create jobs.

Bathing Water Monitoring Announcement: Ultimately, this is not enough

Commenting after the UK Government announced that monitoring for swimming sites in England and Wales will be updated for the first time since 2013, Welsh Liberal Democrat Westminster Spokesperson David Chadwick MP said:

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1-2 February 2025 – the weekend’s press releases

  • Davey: Chancellor must order economic forecasts on UK-EU customs union ahead of Spring Statement
  • Cooper ruling out youth mobility scheme is “short-sighted and bitter blow to young people”
  • Davey: PM must “drop his red line” on Customs Union as he meets EU leaders
  • Scottish Liberal Democrats table amendment to erase SNP power grab “for good”

Davey: Chancellor must order economic forecasts on UK-EU customs union ahead of Spring Statement

Liberal Democrat Leader Ed Davey has called on the Chancellor Rachel Reeves to order an official analysis on the economic benefits of a UK-EU customs union, ahead of March’s Spring Statement.

He said that families and businesses worried about the state of the economy and public finances deserve “full transparency about the benefits that a closer trading relationship with Europe would bring.”

In a letter to the Chancellor, Ed Davey said the Treasury should commission the Office for Budget Responsibility (OBR) to analyse the impact a customs deal with the EU would have for the UK economy and public finances. He said these updated forecasts should be made public as part of the OBR’s forecasts due to be published alongside the Spring Statement on 26 March.

The Liberal Democrat Leader also urged Keir Starmer to begin talks on a UK-EU Customs Union in his meeting with EU leaders in Brussels expected on Monday 3rd February, with an initial first step of agreeing to join the pan-European customs scheme (PEM).

The OBR has previously forecast that the UK economy is set to take a 4% hit over 15 years due to the impact of Brexit. According to a recent study conducted by the London School for Economics, the Conservative’s Brexit deal has led to a £27 billion drop (6.4%) in the value of UK goods exports to the EU.

Liberal Democrat Leader Ed Davey commented:

The Chancellor is tying herself in knots trying to think up new ways to grow our economy. But there’s a solution right under her nose: a new UK-EU customs union deal that boosts trade for British businesses and raises vital tax revenue for our public services.

It’s a no-brainer. After years of damage thanks to the Conservatives’ botched trade deal with the EU, this would improve access to our biggest trading partner and put rocket boosters under economic growth.

Families and businesses around the country are deeply worried about the state of the economy and our public services. They deserve full transparency from the government about the benefits that a closer trading relationship with Europe would bring.

Keir Starmer should use his meeting with EU leaders on Monday to fire the starting gun on agreeing a new customs partnership with Europe. There is no time to waste in fixing the damage done by the Conservatives, cutting red tape for businesses and strengthening our hand with Donald Trump.

Cooper ruling out youth mobility scheme is “short-sighted and bitter blow to young people”

Responding to Home Secretary Yvette Cooper ruling out any plans for Labour to negotiate a youth mobility scheme with the EU during an interview with Trevor Phillips this morning, Liberal Democrat Foreign Affairs spokesperson Calum Miller MP said:

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25-26 January 2025 – the weekend’s press releases

  • NHS: “bonfire” of targets shows shocking lack of ambition for patients
  • Over 500 infrastructure incidents at delayed hospitals last year which now are “hanging by a thread”
  • Councils paying £24,000 more a year per pensioner in nursing costs as Lib Dems call on govt to reverse “foolish” NICs hike
  • Reeves on Kuenssberg: Chancellor’s approach to growth “does not survive contact with reality”
  • Badenoch on Kuenssberg: “Bungling Badenoch” still has no idea how angry people are at the damage the Conservatives did
  • Scottish Conservative leader urged to explain whether he believes triple lock should be means tested
  • Almost 1 in 5 senior mental health roles missing a permanent appointee

NHS: “bonfire” of targets shows shocking lack of ambition for patients

Responding to a report in the Times that the government is set to scrap half of NHS targets, Liberal Democrat Health and Social Care spokesperson Helen Morgan MP said:

Patients have put up with a health service that has been run into the ground and caused unnecessary suffering for millions.

The new government cannot claim to have broken with years of Conservative neglect simply by moving the goalposts in this way.

That is not delivering for patients, instead it is a sly attempt to give themselves an undeserved pat on the back.

From delays to reforms of social care, new hospitals being kicked into the longgrass and now this reported bonfire of NHS targets, this new government is showing a staggering lack of ambition for patients.

Over 500 infrastructure incidents at delayed hospitals last year which now are “hanging by a thread”

  • At hospitals in the New Hospital Programme which have seen their construction dates pushed back there were 506 infrastructure incidents – causing 32 days of clinical time to be lost
  • These sites also saw close to 100 floods last year – a quarter of all floods on the NHS England estate despite accounting for less than 1% of the buildings
  • Delayed hospitals have already had to shut all toilets on the estate following sewage leaks and burst water pipes mean patients warned off going to A&E
  • The Liberal Democrats said that the figures revealed that the delayed hospitals are “hanging on by a thread” and called on the Health Secretary to publish a full impact assessment into the risks to patient safety

There were more than 500 infrastructure and estate incidents last year at hospitals where construction as part of the New Hospital Programme will be delayed, research by the Liberal Democrats has revealed.

They resulted in significant impact for patients with 759 hours of clinical time lost as a result of these incidents, the equivalent of 32 days.

241 of these infrastructure and estate incidents were judged to be caused by or related to critical infrastructure risk at these sites, equating to almost half. These issues can include crumbling roofs at risk of collapse, water leaks, broken-down lifts or ventilation and heating systems not working properly.

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16 January 2025 – today’s press releases

  • GDP Figures: Government must see sense and scrap jobs tax
  • Liberal Democrats table motion forcing Government to release analysis of potential Trump trade war
  • Badenoch speech: half-hearted apology does not absolve her from toxic legacy
  • Triple lock: “bungling Badenoch’s” first policy is to slash the state pension
  • Carmichael welcomes RFA vertical launch licence
  • McArthur calls for clarity over BP job losses

GDP Figures: Government must see sense and scrap jobs tax

Responding to GDP growing by 0.1% in November, Liberal Democrat Treasury spokesperson Daisy Cooper MP said:

The Chancellor has put the handbrake on the economy with her misguided jobs tax and the consequence is this pitiful rate of growth.

Every month this persists means less money in struggling families pockets and public services without the funding they need.

After years of the Conservatives’ economic vandalism, the public was crying out for change but this new government is falling well short of fixing this mess.

Rachel Reeves needs to see sense and scrap her foolish jobs tax and pursue a real strategy for growth like fixing our broken trade relationship with our European partners and replacing the broken business rates system.

Liberal Democrats table motion forcing Government to release analysis of potential Trump trade war

The Liberal Democrats are tabling a ‘Humble Address’ motion which would force the Government to release its analysis of the potential impact of Trump tariffs on the UK economy.

It follows reports that the Government has conducted internal assessments of how a potential trade war with the US may hit the UK economy, but is refusing to publish them.

The Liberal Democrat motion will call urgently for the publication of all impact assessments conducted by the Government regarding the impact of Trump’s tariffs ahead of his inauguration on 20 January.

Humble Address motions have been successfully used in the past, including in 2017 when the Government was forced to publish an impact assessment of Brexit on the economy.

The new US administration’s purported plans may involve tariffs of up to 20 percent on UK exports, which could hit the UK economy by £22bn according to the research conducted at the University of Sussex.

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11-12 January 2025 – the weekend’s press releases

  • Reeves in China: Chancellor must come back now with serious plan for growth
  • Cole-Hamilton: Scottish Water must ensure no gaps in sewage monitoring

Reeves in China: Chancellor must come back now with serious plan for growth

Responding to the Chancellor’s announcements in China amidst the ongoing market turmoil at home, Liberal Democrat Treasury Spokesperson, Daisy Cooper MP said:

The Chancellor must come back now to urgently address the ongoing crisis in the markets and announce a serious plan for growth.

She should reverse the misguided and self-defeating jobs tax, scrap the broken business rates system and start rebuilding our trade relationship with Europe, to fix

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10 January 2025 – today’s press releases

  • Citizens Advice: pensioners had “legs cut out from underneath them” after Winter Fuel Payment scrapped
  • Local election delays: Lib Dems accuse Conservative councils of “running scared” and “silencing democracy”
  • Reeves in China: Chancellor needs to return and announce “plan B” for growth
  • Cole-Hamilton calls for network of drug consumption rooms ahead of Glasgow facility opening

Citizens Advice: pensioners had “legs cut out from underneath them” after Winter Fuel Payment scrapped

Responding to Citizens Advice saying that they have seen a surge in households seeking help with energy bills in 2024, Liberal Democrat Work and Pensions spokesperson Steve Darling MP said:

People are being hammered by energy bill rises with millions of vulnerable pensioners especially struggling after the government scrapped the Winter Fuel Payment for the vast majority.

Older people, many already choosing between heating and eating, had their legs cut out from underneath them by the government’s cruel decision to slash this vital support.

The government needs to recognise their disastrous error and get these vulnerable pensioners the support they deserve or risk millions suffering.

Local election delays: Lib Dems accuse Conservative councils of “running scared” and “silencing democracy”

The Liberal Democrats have accused Conservative councils of “running scared” and “silencing democracy” as the deadline for councils to apply for election postponement expires.

The Government gave councils until today to say if they would prefer to cancel May’s local elections while devolution plans for changes to local authorities, with many set to become unitary, are discussed.

Almost all councils that have called for elections to be cancelled are Conservative-run, including several in areas like Devon and Surrey where the Liberal Democrats won swathes of seats from the Conservatives at the General Election.

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11 October 2024 – today’s press releases

  • WFP People’s Health Trust: every day we hear more about just how difficult it will be for millions of pensioners
  • GDP: Last govt left our economy on life support
  • 100 days since GE: Govt should act “bolder and faster” to tackle the issues the country is facing
  • Rennie: Reckless behaviour of education secretary undermines Scottish education
  • Perth & Kinross Lib Dem secures Dunkeld housing deal

WFP People’s Health Trust: every day we hear more about just how difficult it will be for millions of pensioners

Responding to the People’s Health Trust report that says vulnerable pensioners face ‘impossible choices’ around heating and eating this winter as a result of the government’s cuts to Winter Fuel Payments, Liberal Democrat Work and Pensions spokesperson Steve Darling MP said:

It seems everyday we hear more and more about just how difficult it is going to be for vulnerable pensioners this winter as a result of the government’s cuts.

Pressing ahead with these cuts simply cannot be allowed to happen.

The government must reverse their decision and ensure that the millions potentially at risk of choosing between heating and eating this winter get the support they need.

GDP: Last govt left our economy on life support

Responding to the news the UK economy grew by 0.2% in August, Liberal Democrat Deputy Leader and Treasury Spokesperson Daisy Cooper MP said:

The last Conservative government left our economy on life support, and now it needs urgent investment in our public services and infrastructure to bring it back to life.

The economy won’t recover until the government fixes our NHS and care services so people can get back to work.

100 days since GE: Govt should act “bolder and faster” to tackle the issues the country is facing

On the hundredth day since the General Election, Liberal Democrat Leader Ed Davey has called on the Government to act “bolder and faster” to tackle the issues the country is facing.

Since the General Election, the Liberal Democrats have called on the Labour Government to cancel their cuts to the Winter Fuel Allowance, introduce a new “Winterproof NHS Taskforce” and clamp down on the sewage scandal by ending water bosses bonuses.

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10 March 2023 – today’s press releases

  • ONS: Economy still suffering consequences of Conservatives
  • BP boss pay doubles: Sunak must bring in bonus tax now
  • Lineker: Today is a reminder that we need a properly independent BBC
  • Lee Waters must apologise to Welsh nurses

ONS: Economy still suffering consequences of Conservatives

Responding to the latest ONS GDP figures from January 2023, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

These disappointing figures are yet another reminder that our economy is suffering under this Conservative Government, and people are feeling this under-performance in their own pockets.

The Conservative party has broken this country’s economy with record energy bills, rising food prices and soaring mortgage costs. Yet they are completely out of touch with people’s worries.

The Chancellor needs to take action in next week’s Budget by cutting people’s energy bills by £500, and putting in place a proper plan to get our economy growing fairly and sustainably.

BP boss pay doubles: Sunak must bring in bonus tax now

The Liberal Democrats have demanded that the government bring in a tax on the bonuses of oil and gas company bosses, following the news that the chief executive of BP’s pay doubled to £10m.

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10 February 2023 – today’s press releases

  • Economic vandalism leaves Britain on the edge of recession
  • Lack of further energy bill support “heartless” – Davey
  • One in 20 waiting five minutes or more for 999 calls to be answered

Economic vandalism leaves Britain on the edge of recession

Responding to the latest ONS figures which see the UK economy narrowly avoiding recession, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

Britain is dangling on over the edge of a recession after months of economic vandalism and chaos in Government. The blame for these gloomy figures lies squarely with the Government, who have botched budgets, failed to tackle inflation and have no plan for growth.

The Conservative party hasn’t a shred of economic competence left. This Government has hiked taxes to record levels and done nothing to stimulate economic growth. Businesses are now drowning in mountains of red-tape because of failed trade deals which has stifled all hope of an economic recovery after the pandemic. Gross incompetence and mismanagement of the country’s finances has led to this point.

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31 January 2023 – today’s press releases

  • Suspend Raab, say Lib Dems
  • IMF forecast “damning verdict on Conservative Government”
  • Conservative Record on Businesses ‘in tatters’ as dam bursts on insolvency rates
  • Jane Dodds to Vote to Protect Welsh Farmers
  • Welsh Liberal Democrats Call for Negotiated Solution on Teachers’ Strikes

Suspend Raab, say Lib Dems

The Liberal Democrats have called on Deputy Prime Minister Dominic Raab to be suspended, following reports which have emerged alleging that at least 24 civil servants have complained about his conduct.

In November 2022, Rishi Sunak opened a formal investigation into Dominic Raab after formal complaints were made by officials about his conduct in the workplace. Now, reports have alleged that the number of complainants is potentially as many as 30 individuals.

Liberal Democrat Chief Whip Wendy Chamberlain has written to the Prime Minister, calling for Raab to be suspended for the duration of the investigation into his conduct, given the reported scale of complaints against him.

Liberal Democrat Chief Whip Wendy Chamberlain commented:

The reported scale of the allegations against Dominic Raab raises real questions for Rishi Sunak. Why hasn’t the Prime Minister suspended Raab yet, for the duration of this inquiry?

Rishi Sunak promised to govern with integrity but I’m afraid his track record so far is the opposite. Scandal after scandal continues to emerge about various members of the Cabinet, yet Sunak is incapable of doing the right thing and taking decisive action.

From Zahawi to Raab, from Braverman to Williamson, the British public are fed up with Conservative sleaze which sadly appears to have taken root at the very heart of government.

IMF forecast “damning verdict on Conservative Government”

Commenting on the new IMF forecast which shows the UK as the only major economy to shrink, Liberal Democrat Treasury Spokesperson Sarah Olney MP:

This is a damning verdict on the Conservative Government. High inflation, high-interest rates and high energy bills have left our country and hardworking families and pensioners suffering as a result.

While Number 10 lurches from one sleaze scandal to another people up and down the country are suffering from their incompetence and mismanagement. People deserve better than this Conservative shambles.

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How do we respond to the economic emergency?

Readers of the Daily Mail are still being told that the UK economy is in good shape, that there is room for tax cuts for the better off, and that the opportunities Brexit offers are beginning to benefit the country. Readers of the Financial Times, and of the business pages of the Times, are now being told a very different story: that we are in an economic emergency, with a collapse in exports to our largest – European – market, a continuing decline in the external value of the pound (which pushes up domestic inflation and makes UK companies cheaper bargains for foreign private equity to snap up), and the slowest rate of growth in the developed world.

Even without the impact of the Ukrainian conflict, our falling currency would be exerting inflationary pressures. Disruption of oil and gas flows, as well as global grain and fertiliser supplies has imposed additional inflationary pressures on everyone in Britain; and the longer the Ukraine-Russia conflict continues, the worse this disruption will get. Growing authoritarianism and antagonism towards ‘the West’ in China is further disrupting the global economy. The prospect is of zero economic growth in the coming year, a widening external trade imbalance, falling private investment and declining living standards. Yet Boris Johnson’s boosterish approach to political campaigning means that the government has downplayed the seriousness of our current situation, even as food banks report record demands for help and unions go on strike for pay increases to cope with rising costs.

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