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To what extent has labour economic policy post 1997 been consistent with conservative ideas 1979-1997?
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To What Extent Has Labour Economic Policy Post 1997 Been Consistent With Conservative Ideas 1979-1997? Since 1997 Labour economic policy has been criticised by many saying it is merely a continuation of Conservative economic policy in the period of 1979 to 1997. There is much evidence to suggest that this statement is true but also some to prove against it. In the area of monetary policy since 1997 Labour's top priority has been the control of inflation. During the period 1979 to 1997 the Conservatives top priority was also the control of inflation. Labour had in previous Governments promised to keep inflation down but had failed to do this. In their first weekend of Government after winning the 1997 election Labour created an Independent Bank Of England and a Monetary Policy Committee made up of the head of the Bank Of England and leading economists, which was given the control...
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