Labour after Stoke and Copeland

24th February 2017 Socialist Action 0

By Jerry Stone

The labour movement and the population of Britain now faces the biggest attack on it since 1979 and the election of Thatcher. This is organised around the Tory project of ‘hard Brexit’ – more precisely withdrawal from the European Single Market. This provides the context of the Stoke and Copeland by-elections and explains their outcome.

Trump’s consequences for the US economy explained in 3 charts

3rd February 2017 Socialist Action 0

The following article by John Ross, that sets out the fundamental parameters of the US economy, was previously published by Socialist Economic Bulletin.

There has been much discussion on the likely effect of Trump on the US economy. But some of this discussion fails to distinguish clearly between short term and long term effects of Trump. This can lead to wrong interpretations of events and trends as they unfold. The aim of this article is therefore to set out the fundamental parameters of the US economic situation as it confronts Trump.

Labour should unite around membership of the Single Market

30th January 2017 Socialist Action 0

By Pat Tanner

It is clear, and becoming increasingly publicly evident, that in the coming period the living standards of the British population and British workers cannot be maintained without membership of the European Single Market. The inflation that will be created by the plunging pound will significantly cut living standards, while refusal of companies to invest without free access to a European market which is many times bigger than any UK one will lead to heavy job losses. The significantly lower economic growth that will result will put further pressure on social spending.