Labour's Thatcherite Revisionism: Playing the ‘Politics of Catch-up’

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Abstract
[Labour's] new programme accepts the basic parameters of the Thatcher Settlement, in much the same way that the Conservative governments of the fifties accepted the parameters of the Attlee Settlement. It does not seek to extend the public sector or reverse privatization to any significant degree. It does not propose to raise the overall level of taxation, but promises to adjust its incidence in a mildly more egalitarian direction. It does not substantially depart from the laws that now regulate industrial action, while rendering them a little more favourable to trade unions. It does not abandon the British nuclear deterrent. All these changes of the Thatcher years are uncontested.1

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