Finance capital rules the roost here in Britain to the detriment of our economy. No wonder Britain’s leading business newspaper has long been the Financial Times, not the “Industrial Times”…
While the announcement of rail funding dominated headlines in Wales, the 2025 Spending Review provided crucial detail on the outlook for the Welsh government spending.
24 June 2025
Most of the Welsh government’s spending comes from the UK Treasury. The grant for the next three years looks inadequate, which will set the fiscal context for next year’s Senedd election.
23 April 2025
Banks continue to close branches to save costs, denying cash and banking facilities to an increasing number of people.
25 February 2025
Rachel Reeves is trying to shield banks from paying compensation for mis-selling car finance. She talks about “growth”, but what we see is disregard for the needs of British people.
The ongoing failure of regulation in the water industry poses a fundamental question about the governance and accountability of industries and utilities in Britain: how, and in whose interest, are they regulated?
19 December 2024
The number of British companies sold to foreign investors continues to rise, up sharply on last year. This is not “investment” but amounts to selling British industry on the cheap.
25 October 2024
Political statement from the Communist Party of Britain Marxist-Leninist, 20th Congress, London, June 2024.
Revived for a limited season, Stephano Massini’s play about the rise and fall of Lehman Brothers shows how capitalism consumes even its own…
The state has tried to meet its needs by printing more and more money. No wonder we have inflation…
As communications systems have become ever more centralised and monopolised, so too has state control of them. They are now weapons of war…
What happens when devolved mayors, giddy with power, assume ownership over public assets was brought to light recently.
22 January 2024
Student loans aren’t a good deal for students or taxpayers. A new report highlights the increasing costs for government.
Asset management companies live off the wealth created by others. They buy not to produce things of use, but to profit from squeezing the assets or selling them on…
Freed from the EU, Britain’s economy can – and must – avoid the perils of globalism. But globalisation is not an aberration… it is the logical development of capitalism...
An analysis of finance capital forensically analyses its failings – but then fails to see that there is no turning back to a golden age. Finance capital must go…
22 June 2023
Mark Carney, former governor of the Bank of England, blames Britain’s inflation on Brexit. But inflation is, and always has been, a feature of capitalism.
The Treasury is a key part of the capitalist state, and a new book provides a fine critique of its operations – despite its reformist conclusions…
Something significant is afoot in global finance. It relates directly to workers’ daily battle with inflation, potentially also having far wider impact. And it’s about the US dollar…
22 June 2023
Inflation as a result of government policy since 2008 has now worked through to consumer prices. The underlying economics of inflation are the result of a poor bargain between capitalists and wage-earners.
What should be the working class response to the ongoing financial collapse?
This book describes how modern, transnational capitalism operates against the interests of workers everywhere, out of reach of national governments…
22 December 2022
Finance capital wants to increase profits and to subordinate the production of goods and services for people’s needs. It has developed to become the malign global financial system we know today.
Finance capitalism keeps a malign stranglehold over the real economy, serving only a tiny group of super-wealthy speculators. How did this come about?
Chancellor of the Exchequer Jeremy Hunt announced a package of financial sector reforms speaking in Edinburgh on 9 December.
Rising prices affect everyone – but they are endemic to capitalism and not acts of God. The current surge in prices is an act of class war directed at workers, and it requires a working class response…
A new book reveals just how corrupt Britain has become when it comes to international money laundering…
22 February 2022
Unite trade Union members who work at the Financial Conduct Authority have voted heavily to take industrial action against proposed cuts to pay and conditions.
Free market economics is coming unstuck. Many workers have always thought this would be the eventual outcome. The question is whether workers will assert their own control…
The threat to the unity of the British working class comes not just from separatists, but also from those throughout Britain who kid themselves that it doesn’t matter to them.
