Nature of New Labour/ Third Way

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  • Created by: b
  • Created on: 30-04-13 18:55

The term 'third way' refers to to 'New Labour' policies which were developed in the early 1990s influenced by John Smith, Tony Blair, Peter Mandelson, Bryan Gould, Gordon Brown and Robin Cook. 

Third Way refers to a new set of politcal beliefs which were neither socialist nor Thatcherite in nature. Its accepted that free market capitalism was the most effective way of creating national wealth and that Third Way policies shouold attempt to ensure that all shouold have the opp to share in the greater wealth created under capitalism.

In essence it was an aspiration to create an economy and society which was able to create an economy and society which was able…

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