Lib Dems push for BoE independence, steady inflation and financial inclusion

General election manifesto

clock • 2 min read

The Liberal Democrats have pledged to protect the independence of the Bank of England, keep inflation at 2% and introduce a national financial inclusion strategy ahead of the general election on 4 July.

In their manifesto published today (10 June), the Lib Dems accused Rishi Sunak's party of badly mismanaging the economy and recklessly damaging public finances. This has led, according to them, to economic stagnation and added "billions to the cost of servicing our debt". Instead, the Liberal Democrats pledged to protect the Bank of England's independence and maintain a 2% inflation target to promote economic stability and confidence for growth and investment. All fiscal events will be accompanied by independent forecasts from the Office for Budget Responsibility. On the tax system si...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

IPT set for another record year

IPT set for another record year

Taxation hits £6.78bn in FY25/26

Cameron Roberts
clock 19 December 2025 • 2 min read
Strong year predicted for IHT receipts

Strong year predicted for IHT receipts

£5.8bn for first eight months of 2025/26

Jen Frost
clock 19 December 2025 • 2 min read
FCA responds to Which? super complaint

FCA responds to Which? super complaint

Expansion of insurance work in 2026

Cameron Roberts
clock 18 December 2025 • 2 min read