Managing strategic change
9 pages (2250 words)
However, most of Labour's first term was dominated by tax-benefit reform. After the introduction of a minimum wage, Labour sought to implement its welfare-to-work strategy via a series of 'New Deals' and its policy to 'make work pay'. The Working Families Tax Credit (WFTC), together with the introduction of a minimum wage, was the centrepiece of Labour's policies to 'make work pay'.