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The Guardian - UK
The Guardian - UK
Politics
Peter Walker Senior political correspondent

Lib Dems plan to scrap Treasury for new ‘department for growth’

Daisy Cooper, the Lib Dems’ deputy leader and Treasury spokesperson, wears a yellow blazer and blue scarf.
Cooper said a ‘Treasury brain’ mindset based around short-term fiscal imperatives was dragging the country down. Photograph: PjrNews/Alamy

The Liberal Democrats would replace the Treasury and Department for Business with a new department for growth, with the aim of creating a more cohesive and long-term economic vision for the UK, the party has said in a major policy move.

Announcing the plan at a speech in London, Daisy Cooper, the Lib Dems’ deputy leader and Treasury spokesperson, said a “Treasury brain” mindset based around short-term fiscal imperatives was dragging the country down.

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