Aiming to transcend the outdated conflict between Left and Right, the Third Way was welcomed by leading figures on the world stage. Its programme of modernisation, flexibility and community regeneration indicated a way forward for the New Age. Within a firm market emphasis, equality of opportunity and social inclusion were given a prominent place. However, its lack of direction and disinclination to face hard decisions, have left its promise unfulfilled. This book puts forward a rigorous rethinking towards making the Third Way an effective instrument of progress for Britain as well as abroad.