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Narrated by James Marriott
In 1997 Labour came to power during what many described as an economic boom. Without having to do much except keep their hands firmly on the tiller, the cash available to the exchequer grew. The new government had money to spend and Labour chose to accept the structural economic changes of the 1980s. Helped by “third way” thinking, Labour tinkered with economic reform rather than focusing on delivering it.
Fast-forward 25 years and we are in a very different place. The result of maintaining the deregulation agenda has led to crisis upon crisis, with working people paying the price. First, we had the financial collapse, where taxpayers bailed out billion-dollar corporations only to be thanked with stagnating wages. Now we have a cost of living
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