New Labour

A movement to update Britain 's Labour Party by discarding the traditional Labour platform calling for state ownership of the means of production. The movement has been led by Tony Blair, who became prime minister in 1997 after guiding the Labour Party to victory. Under Blair's leadership, Labour again won in 2001, the first time the party had ever won successive general elections.

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In July 2024, the new Labour government accepted the recommendations of these bodies to increase public sector pay by between 4.75% and 6% for the 2024-25 financial year.

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Twenty-five years on, a new Labour government has come to power and is hoping to get rid of the ones who remain.

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In 2016, the then-Conservative UK government ruled out nationalisation, and the £500m deal agreed between Tata and the new Labour government last year matched that offered by the outgoing administration.

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Like her predecessors in New Labour, Reeves takes the view that the public is less interested in Labour's economic ideology and more interested in delivering economic prosperity.

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However, last month the Times reported that thousands of pounds had been spent through the cards on things like meals at private members' clubs and luxury crystal glasses under the new Labour government, prompting claims of hypocrisy.

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