Labour Party

Question 1

New labour economic policy

Answer 1

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.

Question 2

New labour NHS policies

Answer 2

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

Question 3

Tony Blair on top tax rate

Answer 3

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

Question 4

Social justice

Answer 4

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

Question 5

Old labour on wealth redistribution

Answer 5

W.R + fairer society important