Liberal Democrats criticize UK Budget for lack of growth measures

Liberal Democrat leaders have criticized the recent UK Budget, arguing it fails to provide the transformative economic change promised by the Labour government. Party spokesperson Daisy Cooper described the measures as a “steady-as-she-goes Budget” that lacks sufficient support for households and small businesses.

Cooper highlighted the need for a “Growth and Defence Partnership with Europe” to stimulate the economy and lower taxes. She proposed a £14 billion package funded by a windfall tax on big banks and energy monopolies, which would have provided £350 to households over the next 18 months. While acknowledging temporary relief for some businesses and the freezing of fuel duty, she criticized the rise in alcohol duty and the lack of a fundamental overhaul of business rates.

Liberal Democrat leader Ed Davey also responded, stating that the economy remains hindered by the consequences of Brexit. Davey argued that the government must repair the trading relationship with Europe by rejoining the single market and a customs union to drive growth and reduce costs for consumers.