Initially, at the time of the 1988 merger, many members believed that the new party would be broadly a continuation of the Liberals, but as the Liberal Democrats settled down and developed clear policies, some Liberals such as the former Member of ParliamentMichael Meadowcroft decided that the Liberal Democrats were not the party for them and so they set out to found a new Liberal Party.
It was legally a new organisation (the headquarters, records, assets and debts of the old party were inherited by the Liberal Democrats), though its constitution asserts it to be the same party as that which had previously existed. Liberal Democrats dispute this claim citing the 88% of Liberal Party members who voted, were in favour of merger. The (new) Liberal Party was refused membership of the Liberal International, although some of the party’s members take part in LI activities though the British Group of the Liberal International (BGLI)
The Liberal Party currently has 27 district/borough/city councillors, and three county councillors.[1] It put up a full slate of candidates in the North West England region for the 2004 European Parliament elections, and came seventh, with 4.6% of the vote (0.6% of the total British popular vote).
The Liberal Party's highest policy-making body is its annual conference, the Liberal Assembly, at which all party members are entitled to vote. Liberal policies include:
European Union - Whilst the Liberal Party’s constitution commits it to “build a United Europe” and the party’s earlier policies were very Europhile; the Liberal Party is now firmly Eurosceptic. The Liberal Party believes that the EU is in need of fundamental reform, and that to force such reforms the UK may have to threaten to withdraw from the EU. The Liberal Party is opposed to the adoption of the Euro. The Liberal Party has changed its policy on referendums, ("We oppose referenda and any moves to mechanise voting or introduce state funding of political parties." 2001 Manifesto) calling for a referendum on the Lisbon Treaty.
Sentencing - Imprisonment should only be considered for crimes against the person, or which put persons at risk of physical, psychological or emotional injury. Rejection of demands for harsher penalties. An end to the use of prison custody for all young people under 18.
Drugs - Repeal of legislation regarding the prohibition of drugs and its replacement with an effective strategy of legalisation, regulation and control. Taxation of drugs and redirection of criminal justice expenditure to education and treatment services.
Foreign policy - Increasing overseas aid to 0.7% of GNP. Removing country's veto power at the U.N. Establish a permanent U.N peacekeeping force. The abandonment of the U.K's nuclear weapons.
Taxation - Income tax to be simplified with earnings under £10,000 to be tax free as a means of encouraging people into work and reducing the need for tax credits. The party proposes a top rate of income tax of 50% on taxable earnings over £100,000. The party advocates a system of 'Universal Inheritance' whereby individuals are paid a £10,000 'Inheritance' at the age of 25, to be repaid in the form of a reformed inheritance tax with a starting rate of 10%. The Liberal Party remains committed to Land Value Taxation.
Notes: #Although Sinn Féin have five elected members and have offices at Westminster, they are abstentionist and therefore do not take their seats †Co-operative candidates stand jointly with the Labour Party as “Labour and Co-operative Party” candidates.