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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.