Political parties play a tremendous role in formulating policy and distribution of goods and services. These parties have many important roles like educating voters about issues, recruiting candidates, and developing economic and political ideas. Two different but similar political parties are Conservative and New Labour. The Conservative party was led by Margaret Thatcher from 1975 to 1990. Margaret Thatcher was the prime minister of the United Kingdom who served from 1979 to 1990. Her policies came to be known as Thatcherism. Thatcherism is frugal, entrepreneurial, promotes self-reliance/responsibility, and deals with family economics. The New Labour party was led by Tony Blair from 1994 to 207. Tony Blair was the prime minister of the United
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However, Blair reversed the centralization tendency of Thatcher. He focused on devolution to Wales and Scotland, which was the complete opposite of centralization. Devolution is defined as giving power from the central government to local governments. One example is The Bank of England as it was operationally independent. The bank is a government bank, but the president is separate for the government as it can make its own investments. This bank does sound similar to Conservative as both Blair and Thatcher were pro-business. Blair also focused more on the middle class, unlike Thatcher who focused on the higher class. He was very successful in including women and minorities, not just white working men. This political party was the party that caught attention to all citizens. New Labour did however reject interest based policies, and Unions, but they are still pro business. Blair still takes the party more right on the spectrum, and created this idea of the third way. The third way was created as a political movement to balance both capitalism and socialism. Blair created the New Labour party not to follow Conservative or Old Labour ideas. Blair opens the party to people in the middle class, and spreads the power outside of the central government. Overall, Blair was not too popular because he followed US to Iraq, made countries send refugees back or there was no trade, but he was said to be more
However, Blair reversed the centralization tendency of Thatcher. He focused on devolution to Wales and Scotland, which was the complete opposite of centralization. Devolution is defined as giving power from the central government to local governments. One example is The Bank of England as it was operationally independent. The bank is a government bank, but the president is separate for the government as it can make its own investments. This bank does sound similar to Conservative as both Blair and Thatcher were pro-business. Blair also focused more on the middle class, unlike Thatcher who focused on the higher class. He was very successful in including women and minorities, not just white working men. This political party was the party that caught attention to all citizens. New Labour did however reject interest based policies, and Unions, but they are still pro business. Blair still takes the party more right on the spectrum, and created this idea of the third way. The third way was created as a political movement to balance both capitalism and socialism. Blair created the New Labour party not to follow Conservative or Old Labour ideas. Blair opens the party to people in the middle class, and spreads the power outside of the central government. Overall, Blair was not too popular because he followed US to Iraq, made countries send refugees back or there was no trade, but he was said to be more