The LDP stands for the following principles

Economic Principles

• Free markets and freedom of choice
• Free trade in goods, services and capital
• Small government, limited public tax, limited government spending and regulation
• Widespread ownership of private property

Social Principles

• Civil society and volunteerism
• Civil liberties and individual freedom
• Individual liberty and personal responsibility under the rule of law

Government Principles

• Constitutional liberal democracy
• Ethical and impartial government under the rule of law
• Devolution of power including decentralised government and competitive federalism
• Low tax, limited public spending and minimal regulation

International Principles

• Freedom of trade and capital flows
• Free trade in ideas and culture
• Freedom and human rights