Labour Party Flashcards
(8 cards)
New labour economic policy
Capitalism is best way to create wealth, makers should be free of state control.
Enabling state (where economy to create wealth + support where needed but shouldn’t fully engage).
2022 major turning point where increase in national insurance contributions led to largest ever rise in spending on NHS.
New labour NHS policies
-supported use of PFI’S (Private Financial Initiatives) used private sector investment to fund Public infrastructure projects e,g new schools.
Tony Blair on top tax rate
Kept it at 40% (same as Thatcher) -economy grows faster if wealthy taxed low.
Social justice
Fairer + inclusive society
1997 minimum wage
introduced.
In 1999, adult rate was £3.60.
Old labour on wealth redistribution
W.R + fairer society important
Campaign donations for labour, conservative, Libdems
2024- labour raises more than £9.5 mill
Conservative more than £1.8mill
Lib dems more than £1.6mill
Although Lib Dem’s growing. L + C dominated top cap,its donations for over 20 years.
Labour membership subscriptions 2024
Over 370k
Trade unions influence reduced
Ed miliband introduced the ‘Members Vote System’ and removed the block vote.
Labours goal of representing workers rights were less significant, abandoned socialist principles.k