The principles of the Liberal Democrats are laid out in section 2 of the party's constitution.
Section 2 reads as follows.
The Liberal Democratic Party is a political party that stands for individual liberty, free markets and small government.
It regards government as the principal threat to these values and therefore seeks to reduce its intrusion into our lives to the lowest level possible consistent with the preservation of a civilised society.
It aims to restore to individuals the right to make their own choices and to accept responsibility for their consequences, on the basis that they make better decisions than government.
The following Principles represent its enduring values.
- Free markets and freedom of choice
- Widespread ownership of private property
- Civil society and volunteerism
- Civil liberties and individual freedom
- Individual liberty and personal responsibility under the rule of law
- Constitutional liberal democracy
- Ethical and impartial government under the rule of law
- Devolution of power including decentralised government and competitive federalism
- Free trade in goods, services and capital
- Free trade in ideas and culture
- Freedom and human rights