In a significant policy shift, the Liberal Democrats have announced plans to dissolve the Treasury and Department for Business in favor of a new entity called the 'Department for Growth.' This initiative, detailed by Daisy Cooper, the party's deputy leader, seeks to foster a more unified and long-term economic strategy for the UK, moving away from what they view as the Treasury's short-term fiscal mindset that has hindered progress.

The proposed department would be relocated to Birmingham, reflecting a desire to rebalance the economy beyond the traditional London-centric model. This move is also seen as a response to critiques that the party has been too cautious in its approach under Ed Davey, who has led the party since its recent election gains. By advocating for a more bold and comprehensive economic plan, the Lib Dems aim to resonate with voters who are looking for effective solutions to the UK's economic challenges.

Additionally, Cooper's speech included a call to moderate conservatives who may feel alienated by their party's current trajectory, particularly in light of comments by Kemi Badenoch that centrist views are unwelcome. This appeal signals an effort to broaden the party's appeal in a diverse political landscape, as the Liberal Democrats seek to establish themselves as a key player in determining the country's economic and political future.