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budget

Hunt’s austerity Budget meets working class resistance

21st March 2023 shoreditchadmin2 0

The strike wave shows that there is not only an understanding that the government is responsible for the attack on living standards, but the working class is engaged in a counter-offensive of its own.

Class war disguised as national renewal – Truss and Kwarteng to unleash turbocharged Thatcherite economics

19th September 2022 shoreditchadmin2 0

An emergency budget is due on September 23. Liz Truss’ government will borrow £150bn to give to the already engorged energy companies. Kwarteng, the Chancellor, will further redistribute wealth to the rich, whilst speaking about the importance of growth with no policies to achieve it. The people pick up the tab.

Spring Statement is a declaration that the gloves are off in the class war

24th March 2022 shoreditchadmin2 0

To assist an increase in the rate of exploitation, Johnson’s government has prioritised boosting profits at every turn. Freezing public sector wages, cutting benefits, ‘fire and rehire’ and the outrageous attack at P&O are all part of the drive to anchor wages lower.

Record low growth and worse to come – Boris Johnson is not ‘deficit-financing growth’

14th March 2020 shoreditchadmin2 0

The claim from the Tory government and its army of media supporters that the latest Budget has ended austerity is completely false. It is very important for the left and the labour movement as a whole that they grasp the character of the new attacks to come, so that they can resist them.

Fall of Spanish government is a self-inflicted defeat

19th February 2019 shoreditchadmin2 0

Spain’s minority PSOE (socialist) government has fallen and new elections are scheduled for 28 April.

Austerity isn’t over. It will resume, but it has been suspended for one year

5th November 2018 Socialist Action 0

The claim for the latest Tory Budget is that ‘austerity is coming to an end’, and has been dutifully echoed by the Tory press and the BBC.
In reality austerity policies will continue long into the future, extending the longest recorded fall in living standards in this country.

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Books

Hyper-Imperialism: A Dangerous Decadent New Stage

The United States is Waging a New Cold War: A Socialist Perspective

China’s Great Road: Lessons for Marxist Theory and Socialist Practices

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