What does the UK Labour Party stand for?

The Labour Party is a political party in the United Kingdom that has been described as an alliance of social democrats, democratic socialists and trade unionists. The party was founded in 1900, having grown out of the trade union movement and socialist parties of the 19th century.

How did World War 2 affect the economy of Great Britain?

The war had stripped Britain of virtually all its foreign financial resources, and the country had built up “sterling credits”—debts owed to other countries that would have to be paid in foreign currencies—amounting to several billion pounds. Moreover, the economy was in disarray.

What happened to the UK after ww2?

In the Middle East, Britain hurriedly abandoned Palestine in 1948. Ghana became Britain’s first African colony to reach independence in 1957. By 1967 more than 20 British territories were independent. Though Britain still maintains overseas territories, the handover marked the final end of Britain’s empire.

What is the history of the Labour Party?

The Labour Party was created in 1900: a new party for a new century. Its formation was the result of many years of struggle by working class people, trade unionists and socialists, united by the goal of working class voices represented in British Parliament.

What went wrong with the Labour government?

The dispute over spending and wage cuts split the Labour government; as it turned out, fatally. The cabinet repeatedly failed to agree to make cuts to spending or introduce tariffs. The resulting political deadlock caused investors to take fright, and a flight of capital and gold further de-stabilised the economy.

What has Labour ever done for Britain?

Labour governments have delivered some of Britain’s proudest achievements, like our NHS, and we can do it again. Labour has a mountain to climb. But we will climb it. We will help get the country though the coronavirus crisis and rebuild trust among communities across the UK.

What happened to the Labour Party in 1979?

The election of 1979 began the wilderness years of opposition. Initially, under Michael Foot, the party began a period of contemplation and ultimately renewal.