See this announcement of John Hutton's that he's going to deal with the long-term unemployed? Unless I'm very much mistaken, when they were first elected in 1997, NuLab slapped a windfall tax on the privatised utilities to fund a "sustained assault on structural unemployment" or some such nonsense. So presumably this announcement is a tacit admission that either they spent the money on something else or that they wasted it all.

I wonder which it could be?