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What was one of the key political actions of Old Labour in the interests of their members?

  1. Privatization of public services

  2. Public ownership of major industries

  3. Reduction of income taxes

  4. Limiting trade union powers

The correct answer is: Public ownership of major industries

One of the key political actions of Old Labour was the public ownership of major industries. This was central to Old Labour's ideology, which emphasized the importance of collective ownership and social justice. By nationalizing key industries such as coal, steel, and railways, Old Labour aimed to ensure that the benefits of these resources would be distributed more equitably among the populace, rather than being concentrated in private hands. This approach was rooted in the belief that the state could play a vital role in promoting economic and social welfare for all citizens, particularly the working class. Public ownership was seen as a way to protect workers' rights and improve job security by ensuring that industries served the public good rather than the profit motives of private companies.