Liberal Youth

According to this, the LibDem youth wing is to be relaunched as Liberal Youth. They were previously called Lib Dem Youth and Students.

Is there any significance in the party dropping the "Dem" bit from the party name. Are they to be liberals, pure and simple, and not just another more-than-usually-woolly social democrat party?  If you look at their policy documents they still seem to be the old orgy of tax and spend that have characterised the party's platform of recent years. There is, however a suggestion that the whole range of policies will be revamped following the relauch. Let's hope so, but let's not hold our breath either, shall we?