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  • In Stakeholding and New Labour , Rajiv Prabhakar examines two core claims. Firstly, that stakeholding furnishes the centre-left with a set of 'Third Way' principles of public policy that differ from those previously deployed by the Labour and Conservative parties. Secondly, Prabhakar contends that while explicit references to stakeholding have been scaled down by New Labour, the concept remains important for understanding the ideology and the policies of New Labour in government.

    Rajiv Prabhakar is Lecturer in Personal Finance at The Open University and also teaches at UCL. His most recent book is 'The Assets Agenda' and he recently completed an ESRC knowledge transfer grant on assets, financial education and inequality.

  • Financial planning: How you can be a millionaire in 25 years. Also check out my other video on managing your investments. If you have any questions, leave a comment.

    Presentation slides:

    Managing your investments:


    Presentation by Rajiv Prabhakar.

    Amendments:
    - Mortgage interest payments are tax deductible, but not mortgage payments themselves

    - Using 401(k) to buy a house: I found the following warning online
    "It is possible to use a 401k to purchase a home, as long as you can prove that it would cost less in the long run to use your existing 401k equity than face the alternatives, such as mortgage insurance, a second mortgage or disadvantageous mortgage terms. However, the Internal Revenue Service makes it very difficult, and it is all but impossible to complete the maneuver without facing stiff penalties and taxes"

    In this important new text, Rajiv Prabhakar reviews the evidence for different models of public services arguing that a combination of state, market and civil society provision is essential in the twenty-first century and drawing out the implications for different contexts, services and forms of provision.

    Rajiv Prabhakar (Contact Author)
    University of Sheffield ( email )
    17 Mappin Street
    Sheffield, Sheffield S1 4DT
    United Kingdom

  • Stakeholder Capitalism attracted much interest in Britain during the 1990s. Many on the centre-left saw stakeholding as charting a 'Third Way' beyond the policies previously deployed by Labour and the Conservatives. in 1996 Tony Blair made a high profile speech in Singapore declaring that stakeholding was to be New Labour's big idea in office. This speech provoked fierce criticism and Blair's references to stakeholding were subsequently scaled down. Many concluded that stakeholding had fallen from New Labour's radar almost as swiftly as it had appeared. In Stakeholding and New Labour, Rajiv Prabhakar challenges much of this received wisdom. Prabhakar argues firstly that stakeholding is a more subtle and complex set of ideas than many of its critics supposed. It does in fact furnish a Third Way in public policy. Secondly, although explicit references to it have been reduced, stakeholding remains important in understanding the ideology and policies of New Labour in government.

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In Stakeholding and New Labour, Rajiv Prabhakar examines two core claims. Firstly, that stakeholding furnishes the centre-left with a set of 'Third Way' principles of public policy that differ from those previously deployed by the Labour and Conservative parties. Secondly, Prabhakar contends that while explicit references to stakeholding have been ...