Labour Party Flashcards

(8 cards)

1
Q

New labour economic policy

A

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.

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2
Q

New labour NHS policies

A

-supported use of PFI’S (Private Financial Initiatives) used private sector investment to fund Public infrastructure projects e,g new schools.

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3
Q

Tony Blair on top tax rate

A

Kept it at 40% (same as Thatcher) -economy grows faster if wealthy taxed low.

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4
Q

Social justice

A

Fairer + inclusive society
1997 minimum wage
introduced.
In 1999, adult rate was £3.60.

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5
Q

Old labour on wealth redistribution

A

W.R + fairer society important

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6
Q

Campaign donations for labour, conservative, Libdems

A

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.

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7
Q

Labour membership subscriptions 2024

A

Over 370k

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8
Q

Trade unions influence reduced

A

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

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