Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.


Out in the cold

The business year in pictures
Adverse weather conditions hit London in mid-January 1997 but John Major continued to feel the chill until he was thrown out of office by the electorate on 1 May. It was the single currency that sank Mrs Thatcher in 1990 and it was the single currency that sank Mr Major seven years later.

By which time Tony Blair ( pictured below addressing the CBI conference) had refashioned the Labour Party from an old-line Socialist outfit, unreconciled to the power of the markets in the late 20th century, into a Christian Democratic grouping that is seeking to bring prosperity through social justice to Britain.