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From The Socialist newspaper, 23 November 2016

Tories plan pain with Brexit Autumn Statement

Fight the cuts, fight for a socialist Brexit

Jarrow demonstration: we are the 99% Take the wealth off the 1%, photo Paul Mattsson

Jarrow demonstration: we are the 99% Take the wealth off the 1%, photo Paul Mattsson   (Click to enlarge)

Tessa Warrington, Leicester Socialist Party

The Tories have used fears around Brexit to lower expectations for Chancellor Philip Hammond's Autumn Statement.

They will claim that weak growth projections mean they can't increase taxation on the wealthy, because Britain needs to remain a safe haven for private profit to 'create' wealth and jobs - so increased public expenditure is out of the question.

During the referendum campaign, the political establishment understood how few positives there were to sell EU membership on. They resorted instead to Project Fear. Fear of losing meagre workers' rights, of international political alienation, and that exit would cripple the UK's economy.

There has been an economic backlash as the big bond and currency traders try to punish the British working class for daring to vote against corporate interests.

However, recent figures show that retail sales have seen the strongest rise in over a decade. The weak exchange rate has also led to a boom in foreign tourist spending in London. And a weakened pound could in fact help reduce British capitalism's trade deficit.

But neither hope nor crisis for the bosses automatically means good or bad news for us - we have to fight. One of the most important gains we could make by leaving the EU, for example, is no longer being subject to its extremely restrictive treaty agreements on spending and public ownership.

The Socialist has always argued that Brexit on capitalism's terms would solve none of the problems facing working class people. We do not believe capitalism can be 'fixed' for anyone except the super-rich. The incompetency and splits of the Brexit negotiators are laying bare the crisis within the capitalist class.

But the Leave vote means Jeremy Corbyn now has a huge opportunity to fight for what is needed: exit on a socialist and internationalist basis.

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In The Socialist 23 November 2016:


Socialist Party news and analysis

Cash for rich and royals, cuts for the 99%

Tories drop 'pay to stay'

Tories plan pain with Brexit Autumn Statement

3.5bn on temporary housing for councils

'Just about managing': 2,500 worse off by 2020

Job figures mask casualisation

What We Saw


What we think

The Socialist Party and support for the Corbyn movement


Socialist Students

Fight back to save education!

Campaigning Socialist Students groups needed to hold student unions to account


N30 strike: five years on

Lessons of the 'N30' 2011 pension strike: when workers showed their power


International socialist news and analysis

USA: mass protests break out to #ResistTrump

Ireland: repeal the 8th Amendment - fight for abortion rights

Spain: Students' Union surges forward in historic congress

Hundreds rally to celebrate anniversary of Students' Union and Izquierda Revolucionaria

UN climate change summit: more hot air from Marrakech


Workplace news and analysis

"I don't always feel that I'm a carer anymore" - a day in the life

Southern Rail Strike


Socialist Party reports and campaigns

Reselection motion passed at Labour Party branch

Packed-out Socialist Party meetings hear American socialist and Black Lives Matter activist

School talk on the struggle for the vote and its importance today


Socialist readers' comments and reviews

The Socialist inbox

"I can't stop thinking about Socialism 2016 - it was truly brilliant"

Socialism 2016: what you thought


 

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Related links:

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