Labour party

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The Labour Party is a British social-democratic political party. It was founded in 1900, and is currently the party of government in Great Britain.

The Labour Party originated from the trade union and socialist movements of the turn of the century, and throughout its history has been a left-wing party. However, from the altering of Clause IV in the party constitution in 1996 (Clause IV deals with the equal ownership of the means of production among the workers; the current version instead calls for 'a community in which power, wealth and opportunity are in the hands of the many, not the few') to the adoption of a number of Thatcherite and neo-liberal policies during the Blair years has led to Labour being considered a central, or even centre-right party.