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→Tony Blair and "New Labour": Blair
===Tony Blair and "New Labour"===
===Tony Blair and "New Labour"===
[[File:Tblair.jpg|left|thumb|Tony Blair]]
The term New Labour didn't come into being until [[Tony Blair]] became leader in 1994, but the reform of the Labour Party took place long before then. By 1992, it was clear that Thatcher's reforms had struck a chord with voters and the Labour party were no longer promising to renationalise industries or restore trade union powers. Only the top rate of income tax would be raised from 40 to 50%. Opinion polls during the election campaign predicted a very close result, but the Conservative party won a narrow victory of 23 seats after an unusually high turnout.
The term New Labour didn't come into being until [[Tony Blair]] became leader in 1994, but the reform of the Labour Party took place long before then. By 1992, it was clear that Thatcher's reforms had struck a chord with voters and the Labour party were no longer promising to renationalise industries or restore trade union powers. Only the top rate of income tax would be raised from 40 to 50%. Opinion polls during the election campaign predicted a very close result, but the Conservative party won a narrow victory of 23 seats after an unusually high turnout.