"What we saw was a modest reregulation of the labour market - the extension of employment rights, rights for trade unions and the introduction of the minimum wage - with no adverse labour market impact whatsoever... despite what the Tories had been saying in the early nineties about the devastating impact of any Minimum Wage Act," says David Coats from Work Matters.

The panel at this Future of Employment seminar was joined by Lord Knight, David Coates, and chaired by Sunder Katwala, General Secretary of the Fabian Society, and discussed which aspects of the post-1997 labour market strategy have been successful and what have been the most important failures.

Listen to the podcast below: