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Election Special: Your questions answered
podcast
In the final run up to the election, we answer your questions about everything from borrowing to AI to the part that luck plays in the economy.
27 June 2024
Election Special: The Labour manifesto explained
podcast
We discuss the Labour manifesto launched on Thursday and give our reaction to the policies and pledges within it.
14 June 2024
Election Special: The Conservative manifesto explained
podcast
We discuss the Conservative manifesto launched on Tuesday and give our reaction to the policies and pledges within it.
12 June 2024
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General Election 2024: IFS manifesto analysis
event 24 June 2024
IFS researchers and Director Paul Johnson will deliver their analysis of the parties' manifestos at a live-streamed press briefing.
Inaugural IFS postdoc workshop
workshop 4 July 2024
This academic workshop on applied public and labour economics will feature presentations by alumni of the IFS postdoc scheme.
Living standards, poverty and inequality in the UK: 2024
event 25 July 2024
This online event will present the key findings from our latest flagship annual report on living standards, poverty and inequality in the UK.
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At IFS, we recruit and train top-quality economists and professional support staff. We aim to foster a respectful and inclusive working environment.
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How the New Deal works

Michal Myck

Published on 1 February 2002

In the first of two articles looking at the Government’s role in the UK labour market, Michal Myck, of the Institute for Fiscal Studies, explores the rationale for the New Deal.

In the first of two articles looking at the Government’s role in the UK labour market, Michal Myck, of the Institute for Fiscal Studies, explores the rationale for the New Deal. The second article (in the following issue) will investigate how effective it has been.

One of the flagship initiatives of the Labour Party when it came to power in 1997 was a comprehensive programme of assistance for the long-term unemployed, the New Deal. The aim of the initiative was to help those who found it difficult to compete actively in the labour market, and to address various labour market inefficiencies. This article examines ways of dealing with some of these inefficiencies, and analyses the potential for the success of the New Deal.