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Sir Ed Davey launches Liberal Democrat leadership bid Sir Ed Davey launches Liberal Democrat leadership bid
(1 day later)
Sir Ed Davey has launched his bid to become the next leader of the Liberal Democrats, pledging to head up the "fight to stop Brexit".Sir Ed Davey has launched his bid to become the next leader of the Liberal Democrats, pledging to head up the "fight to stop Brexit".
The former energy secretary is expected to face competition from the party's deputy leader Jo Swinson, who is yet to declare her candidacy.The former energy secretary is expected to face competition from the party's deputy leader Jo Swinson, who is yet to declare her candidacy.
Current leader Sir Vince Cable announced earlier this month that he would step down on 23 July.Current leader Sir Vince Cable announced earlier this month that he would step down on 23 July.
Nominations for the contest to replace him will close on 7 June.Nominations for the contest to replace him will close on 7 June.
The pro-EU Lib Dems came second in the UK's European elections last week, taking 20.3% of the vote.The pro-EU Lib Dems came second in the UK's European elections last week, taking 20.3% of the vote.
Laying out his plans on Radio 4's Today programme, Sir Ed said the country needed "a new economic model".Laying out his plans on Radio 4's Today programme, Sir Ed said the country needed "a new economic model".
He added: "I'm talking about de-carbonising capitalism, making capitalism turn green so Britain is a world green finance capital.He added: "I'm talking about de-carbonising capitalism, making capitalism turn green so Britain is a world green finance capital.
"That means being tough on our banks, on the stock exchange, on the pension funds, so they take account of climate risk.""That means being tough on our banks, on the stock exchange, on the pension funds, so they take account of climate risk."
And, speaking at an event in London, Sir Ed said he would write to Commons Speaker John Bercow to request that a no-deal Brexit should not be allowed to occur without a vote for it in Parliament.And, speaking at an event in London, Sir Ed said he would write to Commons Speaker John Bercow to request that a no-deal Brexit should not be allowed to occur without a vote for it in Parliament.
Contest rules
He also said he would request that no future prime minister would be able to prorogue Parliament to "run down the clock to a no-deal catastrophe".He also said he would request that no future prime minister would be able to prorogue Parliament to "run down the clock to a no-deal catastrophe".
Prorogation is when the Queen would end the current parliamentary session before a new one begins afterwards.Prorogation is when the Queen would end the current parliamentary session before a new one begins afterwards.
Sir Ed, MP for Kingston and Surbiton, in south-west London, also promised to "defend our NHS" from future cuts and take action to tackle climate change.Sir Ed, MP for Kingston and Surbiton, in south-west London, also promised to "defend our NHS" from future cuts and take action to tackle climate change.
Candidates for the Lib Dem leadership must be an MP supported by at least 200 members spread across at least 20 different local parties.Candidates for the Lib Dem leadership must be an MP supported by at least 200 members spread across at least 20 different local parties.
They must also have the backing of 10% of the parliamentary party - currently, the party has 11 MPs.They must also have the backing of 10% of the parliamentary party - currently, the party has 11 MPs.
Lib Dem members will then have the final say on who becomes leader.Lib Dem members will then have the final say on who becomes leader.