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The New Deal was a workfare programme introduced in the United Kingdom by the first New Labour government in 1998, initially funded by a one-off £5 billion windfall tax on privatised utility companies. The stated purpose was to reduce unemployment by providing training, subsidised employment and voluntary work to the unemployed. Spending on the New Deal was £1.3 billion in 2001. The New Deal was a cornerstone of New Labour and devised mainly by LSE Professor Richard Layard, who has since been elevated to the House of Lords as a Labour peer. It was based on similar workfare models in Sweden, which Layard has spent much of his academic career studying.
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  • 1. Deal's Old Town Deal
    The Alaska Purchase was the United States' acquisition of Alaska from the Russian Empire on March 30, 1867, by a treaty ratified by the United States Senate, and signed by President Andrew Johnson. Russia wanted to sell its Alaskan territory, due to the difficulty of living there, apparent lack of natural resources , and fearing that it might be easily seized by the United Kingdom in case of war between the two countries. Russia's primary activities in the territory had been fur trade and missionary work among the Native Alaskans. The land added 586,412 square miles of new territory to the United States. Reactions to the purchase in the United States were mostly positive; some opponents called it Seward's Folly , while others praised the move for weakening both the UK and Russia as rivals ...
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