Certainly, Tony Blair did not utter it in his speech on Tuesday, in spite of the fact that the launch of the "stakeholding" project had been heralded as a new phase in Labour's modernisation when the leader made it the centrepiece of a speech in Singapore. In a follow-up speech, he referred to the importance of companies treating their employees as partners.
While the idea of partnership remains, the word, "stakeholding" appears to have died a death. But it did emerge again yesterday when Janette Streener, a delegate from Rutland and Melton, Leicestershire, said: "This is and must remain a stakeholder party, a strong party, with strong leadership which will listen to us."
That prompted Tom Sawyer, the party's general secretary, to tell conference: "The biggest stakeholders for the party are the British people; we hold the party in trust for the people."
But as the conference ended more speakers, on more occasions, had used the word "socialism" than "stakeholding" - a subtle linguistic victory for Old Labour over the modernisers.Reuse content