The People's Flag is Palest Pink (Bonus)

This is a parody of The Red Flag.
All the information on this one came from Wikipedia. Here's your link.

Melody: Lauriger Horatius / O Tannenbaum / O Christmas Tree
Chords:
D - - A7 B7 - / - Em - A7 - D / - - - A7 B7 - / - Em - A7 - D
D - G - Em - / - A7 - - D - / - - - A7 B7 - / - Em - A7 - D

Lyrics:
The People's flag is palest pink
It's not the colour you might think
White collar workers stand and cheer
The Labour government is here
We'll change the country bit by bit
So nobody will notice it
And just to show that we're sincere
We'll sing The Red Flag once a year

The cloth cap and the woollen scarf
Are images outdated
For we're the party's avant garde
And we are educated
So raise the rolled umbrella high
The college scarf, the old school tie
And just to show that we're sincere
We'll sing The Red Flag once a year

One variant includes the verse:

The People's flag is slightly pink
It's not as red as people think
The working class can kiss my arse
I've got the foreman's job at last