Liberal Reform is an internal political group of members of the British Liberal Democrats. Membership of the group is open to any Liberal Democrat member, and is free of charge. It was launched on 13 February 2012, and describes itself as a broadly centrist group that seeks to promote 'four-cornered liberalism' within the party. Each 'corner' consists respectively of economic, social, personal and political liberalism, mirroring the opening chapter of The Orange Book by David Laws. It states that it accepts that virtually all Liberal Democrats believe in four-cornered liberalism, but emphasises its belief that economic liberalism, consisting of the promotion of open markets, competition and free trade, "has to be a key component of modern liberalism". Liberal Reform organises a number of fringe events at the twice-per-year Liberal Democrat Conference.
Liberal Reform's four-cornered liberalism is exemplified by specific policy goals: a belief in the importance of open markets and free trade; strong opposition to discrimination and abuses of power; the need to reduce taxation for those on low and middle incomes by such measures as increasing the tax-free personal allowance; the right to privacy; the provision of citizens' freedom of information and of high-quality and accountable public services; and the right of senior citizens to control their own pension savings. It also endorses the principles described in the preamble to the party's Constitution, which states: "The Liberal Democrats exist to build and safeguard a fair, free and open society,… in which no one shall be enslaved by poverty, ignorance, or conformity".