The original version of Clause IV, drafted by Sidney Webb in November 1917 and adopted by the UK Labour Party in 1918, read, in part 4:
"To secure for the workers by hand or by brain the full fruits of their industry and the most equitable distribution thereof that may be possible upon the basis of the common ownership of the means of production, distribution and exchange, and the best obtainable system of popular administration and control of each industry or service."
Despite the fact that this part of the constitution of the party has been removed, Gordon Brown seems intent on pursuing Clause IV in his version of Britain. Nationalizing banks in whole or in part, buying into key industries seems a daily occurrence in Brown’s Britain. Will they ever reverse this? We’ll have to see what the Cameron government does after it defeats Brown at the next election.