John Smith became leader in 1992, but his sudden death in 1994 led to Tony Blair to become leader and the term New Labour was born. Blair started by reforming Clause IV. (Clause IV dealt with the purpose of the Party and referred direct to its erstwhile desire for public ownership of the means of production; the current version instead calls for 'a community in which power, wealth and opportunity are in the hands of the many, not the few'.) Blair also promised no increases in income tax and pledged to run a stable economy. They were elected in a landslide in 1997, and again in 2001. | John Smith became leader in 1992, but his sudden death in 1994 led to Tony Blair to become leader and the term New Labour was born. Blair started by reforming Clause IV. (Clause IV dealt with the purpose of the Party and referred direct to its erstwhile desire for public ownership of the means of production; the current version instead calls for 'a community in which power, wealth and opportunity are in the hands of the many, not the few'.) Blair also promised no increases in income tax and pledged to run a stable economy. They were elected in a landslide in 1997, and again in 2001. |