Rachel Reeves will deliver her second budget on 26th November, facing a serious dilemma of her own making. By adopting two strict fiscal rules that limit government spending without tax rises, and simultaneously pledging not to increase taxes on working people during this parliament, Reeves has boxed herself into a narrow and politically dangerous corner.When … Continue reading Rachel Reeves’ Budget Dilemma – Households and Governments—Editorial
Keynes
The Case of the German Left
Some 150,000 people attended the Unite the Kingdom march in London on 13th September 2025. The typical response of many on the left is to see the march as indicative of the rise of fascism and racism. Racists may indeed have participated in that march, but we believe the majority of participants were people who feel they have … Continue reading The Case of the German Left
Liberalism, Neoliberalism and the Trade Union Movement
Martin Seale The liberalism of the late 19th century was characterized by the view that the role of the state should be limited. The state would protect the nation from external enemies, enforce the rule of law (much around property) and provide some limited form of education. British capitalism seemed to function reasonably well up to the 2nd half … Continue reading Liberalism, Neoliberalism and the Trade Union Movement
Pensions as Ponzi & Evil Keynesianism
By Gwydion M. Williams Trump and Musk are giving voice to what members of Britain’s Labour government must be privately thinking. Saying more crudely what the elite have come to believe. It is just not possible to fund welfare to the needy. The state risks going bankrupt, and welfare is anyway mostly wasted. It is not explained why … Continue reading Pensions as Ponzi & Evil Keynesianism
Bevin, MMT and the Class Struggle
Catherine Dunlop “People want to be governed.” This is what Burke said and it’s a fundamental truth. People want to get on with their lives and they rely on a government to maintain an environment where they can get on with their lives. The instrument of the government is the state; a modern state has a police … Continue reading Bevin, MMT and the Class Struggle
An End to Oligarchs?
John ClaydenThere is a recent very worthwhile edition of The Duran with Michael Hudson, Alexander Mercouris and Glen Diesen which discusses the likely prospects of economic change in the West in favour of the working class. It concludes that it will be only possible if there is a revolution here in favour of the East http://Youtu.be/OFrxgMFbN8c?si=siHnoaak8bi-12MyThis is their … Continue reading An End to Oligarchs?
The Mixed Economy and Dogmatic Individualism
Ordinary Britons have been victims of a fraud that began in the 1980s. Started before many of today’s voters were even born. Thanks to tight control of the popular media by the very rich, a reversion to 19th century capitalism was sold as the only option. Liberal critics speak vaguely of a Western failure after the … Continue reading The Mixed Economy and Dogmatic Individualism
How to Pay For It — Q & A
How to Pay for it - 150,000 new council dwelling per year at social rents. By Michal Lerner To win the next general election, Labour must give bold answers to the question ‘How will you pay for it?’. Let us therefore imagine an interview between an interviewer (I) and a member of the Shadow Cabinet (L) and suggest … Continue reading How to Pay For It — Q & A
The Levellers — Editorial 1
Keir Starmer repeats, at every opportunity, that his main objective is to win the next general election. This is a welcome change of objective. In 2019 Starmer seemed determined to lose that general election. Labour lost the 2019 general election because they attempted to reverse the result of the 2016 Brexit referendum. Starmer was the main architect of … Continue reading The Levellers — Editorial 1
Ditch Blair’s Legacy
Ditch Blair’s legacy — Editorial Starmer became leader of the Labour Party in May 2020 on the basis of a 10 point program that Jeremy Corbyn would have had little problem supporting. Since becoming leader he has had little to say about his 10 point program and has, instead, concentrated his energy on attacking the left wing … Continue reading Ditch Blair’s Legacy
Labour Affairs 