Every day the Tories launch some new assault on ordinary people. Their solution to the ongoing swirl of economic crisis is to force through as many attacks on workers as they can.
The Tories sense an opportunity. They feel the eurozone crisis vindicates their rabid anti-Europeanism.
They operate as a Thatcher re-enactment society with added prejudice.
But in reality the European crisis is a problem for the Tories, not an advantage. The way the crisis is spreading means that simply standing aside from the mess is impossible.
And attempts at a solution put Britain’s bosses in a difficult place.
A deal was reached last year to throw yet more money at Europe’s banks and write off 50 percent of Greek debt.
As part of the agreement, greater financial integration is planned among the 17 eurozone countries.
That raises the prospect of Britain being left out—and it’s one reason David Cameron leapt to defend the City last week.
There is weak growth at best (see below) and the system is under constant threat of a renewed plunge into recession.
The International Labour Organisation’s World of Work report, released this week, is grim reading for the bosses.
It reports, “Three years into the crisis, the business environment has become more uncertain and the economic outlook continues to deteriorate.”
The announcement of a referendum in Greece threw our leaders’ latest plans to deal with the crisis into a tailspin (see page 4).
Economic crises lead to more crises at the top of society as our rulers desperately try to find a way out.
That was reflected when 100 economists called on the government to produce a Plan B based on investment instead of cuts.
The Tories remain determined to slash spending fast and hard.
But their ideological grip over the rest of society is weak. The scandals—from phone hacking to Liam Fox’s resignation—betray the real state of the government.
They can appear strong because the Labour Party is on its knees—unable and unwilling to oppose most of the Tory attacks.
Ed Miliband looks across to the Tories like a rabbit caught in the headlights.
We can’t be paralysed by the crisis. We must shape resistance to it.
There is only one way out for workers—to fight.
We have the potential to stop the government in its tracks at the end of this month, as up to three million workers strike.
The Tories have gone all-out in their attack on us. We need to go on an all out counter offensive—and 30 November is our day to do it.
No signs of recovery for Britain’s sick economy
Britain’s economy is teetering on the brink of recession. Gross domestic product grew by just 0.5 percent in the quarter.
According to economist Howard Archer, “Most recent data and survey evidence portray an economy that is struggling hugely.
“And it looks to be in serious danger of stagnating or even worse in the fourth quarter.”
The figures for manufacturing are bleak. According to the Purchasing Managers’ Index, Britain’s manufacturing sector contracted at its fastest pace in more than two years in October as new orders plummeted.
A survey by the bosses’ CBI organisation shows that manufacturers suffered the biggest drop in orders in a year and expected to cut production.
With unemployment already at a 17-year high, most of us never actually got out of the recession.
By the end of the year the official figures will reflect that too.