Responsible capitalism: Labour’s industrial policy and the idea of a National Investment Bank during the long 1980s
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This article discusses Labour’s pledge to introduce a National Investment Bank (NIB) – included in the General Election manifestoes of 1983, 1987, and 1992. It considers the long term intellectual history of this idea, the various machinations regarding the similarly corporatist National Enterprise Board of the 1970s, and how the NIB policy not only survived the fiasco of 1983 but remained a key part of Labour’s agenda until 1992. As the chapter argues, this policy serves as an exemplar of the way Neil Kinnock managed the Labour Party – providing just enough meat to his party’s left and right, and allowing both to read into the NIB what they wished it to be.
2007 ◽
Vol 39
(3)
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pp. 346-349
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2017 ◽
Vol 46
(2)
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pp. 165-189
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2019 ◽
Vol 14
(2)
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pp. 147-182
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