Ed Davey speaks after he was elected as the leader of the Liberal Democrats party, in London Thursday Aug. 27, 2020. The left-of-center Liberal Democrats' acting leader, Ed Davey, comfortably defeated challenger Layla Moran in a campaign that was mostly conducted online because of the coronavirus pandemic. (Stefan Rousseau/PA via AP)LONDON Britains Liberal Democrats announced former Cabinet minister Ed Davey as the party's new leader Thursday, in hopes that he could turn its fortunes around after a series of poor election results. He is the Liberal Democrats fourth leader in five years. Last year, leader Jo Swinson stepped down after she lost her own seat to the Scottish National Party in the general election.