1997
MayNew Labour elected with 179 seat majority. Chancellor Gordon Brown gives Bank of England control over interest rates. Tony Blair declares that he is against public sector monopoly.
JulyBrown’s first budget promises to stick to Tory spending limits, but he cuts corporation tax to 31 percent Government says it will scrap student grants and introduce tuition fees.
AugustFat cats brought into government. New ministers include BP boss Lord Simon.SeptemberSeven people die in Southall rail crash. Government refuses to renationalise rail.
08 May 2007