The government and its allies have launched a huge attack on living standards, accompanied by a major propaganda offensive that wages are rising sharply.
The trade-off has never been between lives and ‘the economy’. It has always been a trade-off between lives and the opportunity to boost profits.
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.
Recent events in Latin America entirely refute the claim in the Western media that the right wing was carrying all before it in the continent.
The following article on ‘The New Shape of World Politics – Disorder in the West, Stability in the East’ analyses the reasons for the Trump administration introducing tariffs against China and the background to the recent G7 and Shanghai Cooperation Organisation (SCO) summits.
Leading official forecasters do not expect the main industrialised countries’ growth to accelerate in the next period, and the UK economy is expected to be the weakest of all.