Clause IV

Clause IV refers to a part of the rules of the Labour Party (UK) that originally committed the party to nationalizing key industries and services, aiming for economic equality and collective ownership. It emphasized establishing a society where resources and industries are owned and managed for the benefit of everyone, rather than private profit. Over time, the clause was revised to reflect a more modern approach, focusing on social justice and economic fairness through different means, rather than strict state ownership. It symbolizes the party’s core commitment to promoting equality and workers’ interests.