To what extent is the Labour Party still committed to its traditional principles?

Labour Party in the UK has a constitutional obligation to socialism and has a center on traditional principles. The following defines the party at the beginning and continue to shape its future. However, there are some questions came out about the commitment to the degree and appropriateness of these traditional principles. The Labor Party supports the needs of the working classes. These classes are seemed to be the most decent section of society. But what can be done to alleviate material poverty of this section. This can be seen in the programs well, including the payment of welfare, cost of living and tax credits. It claims to be more selective success of the Labour Party had to increase its appeal to all classes and sections of society. At the same time it has reached up to other classes in society and the business community and city. Labour Party committed, to be pro-state favor and intervention in the economy to ensure fairness in society. It nationalized the Northern Rock and encourages banks to absorb in order to survive in the global market. Wide scale nationalization program, long commitment to the Labour Party before and after the Second World War, has gone. Perhaps it is true that the emphasis of the new proposals IV - control, instead of owning. From above may have seen that the Labour Party was in favor of a controlled economy where the government was a key actor in achieving results on its own terms. There was a move now to the side to work with a market economy and be bound by the rules, which dictates of the market system, and therefore a useful individual merit and hard work as the main motivating factor. The Labour Party has traditionally not been very active and productive in terms of constitutional changes. This may have favored reform, but it was never in the nucleus. However, since 1997 Labour Party delivered one of the most radical constitutional reform programs in over 100 years and has changed the political structure of the UK. Labour Party made the provision of universal benefits that are available to all. It's now or financial restraint, or payments to provide political direction to achieve economic prosperity. In a brief review, the Labor Party, perhaps seen as less ideological and more pragmatic and focuse. There is a charge that Labour has for much of the reform of the Thatcher Lady and the Conservative Party. Faith - the so-called Third Way, which is re-programming of the traditional principles of Labour Party. This can be considered as part of the change from Old Labour to New Labour.