The group is made up of the half a dozen malcontents who wrote to the Guardian last year backing the frankly bonkers, sub trotskyite, Compass 'plan B' economic policy.
Liberal left claim this plan B is "in line with the scope and timing proposed by the 2010 Liberal Democrat manifesto." They clearly have not actually read the manifesto they claim to be so attached to. What it said on the economy was as follows:
"The health of the economy depends on the health of the country’s finances. Public borrowing has reached unsustainable levels, and needs to be brought under control to protect the country’s economic future. A Liberal Democrat government will be straight with people about the tough choices ahead...Our working assumption is that the economy will be in a stable enough condition to bear cuts from the beginning of 2011–12."Proposals included in the Lib Dem manifesto and opposed by Compass included a cap on public sector pay, restrictions on tax credits, cutting child trust funds and reforming public sector pensions.
So it is clear that Compass/Liberal left's purpose is not to promote the policies on which the party fought the last election or develop new policies (as that space is occupied by the Social Liberal Forum). Instead its leading lights Linda Jack and Richard Grayson, are seeking to work their passage into the Labour party - where their ridiculous and ill thought out views will no doubt be taken far more seriously than they are being taken in the Lib Dems.
Jack and Grayson, of course, have form - as they are already helping to develop Labour policy under the auspices of political opportunist and Labour right winger Liam Byrne. Byrne entered parliament following one of the most illiberal and right wing by-election campaigns seen in the UK.
Jack, Grayson et al need to decide - if they can't support the party's manifesto, its coalition strategy or policies and are happy to work with illiberal elements in the Labour party - what are they doing in the Lib Dems?