New Masters is the second studio album by singer-songwriter Cat Stevens, released in December 1967 by Deram Records (a new subsidiary of Decca Records) as a follow-up to the highly successful debut album, Matthew and Son.

This was a sudden and steep commercial decline from the considerable success that Stevens enjoyed with his earlier recordings.

Prior to the release of New Masters, Stevens had sold the song for £30 to P. P. Arnold (formerly of the Ike and Tina Turner Revue) which gave the former Ikette her first UK hit.

[3] In the decades to come it would also be a hit for Rod Stewart, Sheryl Crow, James Morrison and Keith Hampshire.

Other versions have been rendered by singer Barbara Jones, Colm Wilkinson of Les Misérables and Jesus Christ Superstar fame, Duffy and the Jools Holland Rhythm & Blues Orchestra.