The labor party was founded in 1900 by a group of socialist societies and trade unions with the original purpose of getting more working-class MPS into Parliament
In response to the 2008 financial crash, the Brown government pumped money into the banking system and nationalized or part nationalized vulnerable banks
Many traditional socialists rejected new Labor's modernizing efforts as a betrayal of their Heritage, feeling Blair was too connected with the Business Leaders and the business community
It wasn't like they were nationalizing the banks because they thought it was the best approach, it was the best approach at the particular time in relation to the global financial crisis
The move to New labour was really necessary, it was a necessary adaptation to a changing society in which labor could no longer get elected by just appealing to working-class voters
Miliband, nicknamed ‘Red Dead’ by the media, lost in 2015 due to perceptions of being against the private sector and supporting tax-and-spend policies.
Starmer suspended Corbyn from the labor party in October 2020 after the UK's human rights Watchdog concluded that the labor party broke the law by failing to Stamp Out anti-jewish racism
New Labor: Aimed to separate itself from earlier Social Democratic and old labor administrations by not increasing taxes and conserving resources before investing more in key Public Services
Corbyn: Pledged to significantly increase taxes by introducing a new 50 tax rate for those earning over 125,000 pounds and raising corporation tax from 21 to 26
Starmer: Has progressively moved the labor party closer to the center ground
New Labor: Consistently increased spending on the NHS and education, introduced the winter fuel payment for pensioners and free off-peak travel for over 65s
If Private Finance Initiatives would had been used more in law and order policies, the value of public assets could have increased by over £200 billion.