New Labour's economic policy Flashcards
What were the aims of the New Deal?
- Reshape the Welfare State
- Provide jobs or training out of work or youngsters (250,000 young people)
- Build a £3 m “welfare to work” programme
- Build a ‘one nation’ society
- Main aim was young people and single parents
Description of the Winter Fuel Allowance 1997
A Winter fuel allowance for senior citizens
What are the strengths of the Winter Fuel Allowance 1997
- Granted £100 per person regardless of person’s income
Weaknesses of the Winter Fuel Allowance 1997
- It was a wasteful use of public money which could’ve been directed to areas else where
Description of National Minimum Wage Act 1998
Established £4.85 as minimum hourly wage for adult workers.
What are the strengths of the National Minimum Wage Act 1998?
- Raised wages of 1.5 m workers
- Provisions were made for figure to be altered with rise of living
- When it comes out it immediately raised the wages of 1.5 m workers
What are the weaknesses of the National Minimum Wage Act 1998?
- Conservatives initially opposed it as a threat to jobs
Description of the Jobseeker’s Allowance 1998
- Replaced the existing unemployment benefit and income support with a single Jobseeker’s Allowance.
- Aimed to increase employment
What are the strength’s of the Jobseeker’s Allowance 1998?
- 2.5 m claims
- Meant to streamline system
- People had to show they were actively looking to work
- Increase employment
What are the weaknesses of the Jobseeker’s Allowance 1998?
- Claimants should be encouraged to work they deserve to be treated with understanding not as an effect of dependency culture.
Description of the Working Family Tax Credit 1998
- Aimed to help single parents and reduce child poverty
- Entitled to child allowance which increased wages
What are the strengths of the Working Family Tax Credit 1998?
- Didn’t exclude from receiving other benefits
- Supported those with Children
What are the weaknesses of the Working Family Tax Credit 1998?
- Still a dependency culture
Description of Child Tax Credit 1998
- Aimed to help single parents and reducing child poverty
What are the strengths of Child Tax Credit 1998?
- Didn’t exclude from other benefits
- Right to receive child tax