Category Archives: UK Economy

Discussions specifically about the UK economy.

Why the Leave victory is a great outcome

The class struggle is back! Who would have thought. After years of being told by the likes of John Major and then Tony Blair that “the class war is over” (Blair) and the we now all live in “the classless … Read the rest of this entry »

Posted in Britain, UK Economy | 23 Comments

Britain should exit the European Union

Tomorrow, Britain gets to cast a vote on its continued membership in the European Union, although it is unclear how binding such a vote would be on the Government. Probably not binding at all. The latest opinion polls are giving … Read the rest of this entry »

Posted in Britain, UK Economy | 43 Comments

The conspiracy to bring British Labour to heel 1976

This is a further instalment in tracing through the British currency crisis in 1976 and its retreat to the IMF later in that year. Today we discuss the tensions within the British Labour Party at the time, the Callaghan Speech to … Read the rest of this entry »

Posted in Britain, Demise of the Left, IMF, UK Economy | 5 Comments

The 1976 British austerity shift – a triumph of perception over reality

This is a further instalment in tracing through the British currency crisis in 1976 and its retreat to the IMF later in that year. Today we discuss whether it was the IMF that forced the change of direction for British … Read the rest of this entry »

Posted in Britain, Demise of the Left, IMF, UK Economy | 6 Comments

The British Cabinet divides over the IMF negotiations in 1976

This blog continues the discussion of the British currency crisis in 1976. Today we discuss the growing discontent within the British government over the need to negotiate the IMF loan in 1976. While it has been held out that Britain … Read the rest of this entry »

Posted in Britain, Demise of the Left, UK Economy | 4 Comments

The US government view of the 1976 sterling crisis

This blog continues the discussion of the British currency crisis in 1976. Today we discuss the way the US government was constructing the crisis. They had previously seen Europe in terms of military and political threats and had clearly developed … Read the rest of this entry »

Posted in Demise of the Left, IMF, UK Economy, US economy | 1 Comment

The Bacon-Eltis intervention – Britain 1976

This blog continues the discussion of the British currency crisis in 1976. It traces the growing anti-government influence on key players within the British Labour government as the pressures on the exchange rate were mounting in the early part of … Read the rest of this entry »

Posted in Britain, Demise of the Left, UK Economy | 6 Comments

The Wall Street-US Treasury Complex

Today I am in Barcelona, Spain after travelling from Trujillo (in the western part of Spain). Today’s blog continues the analysis I have been providing which aims to advance our understanding of why the British government called in the IMF … Read the rest of this entry »

Posted in Britain, Demise of the Left, IMF, UK Economy, US economy | 6 Comments

The metamorphosis of the IMF as a neo-liberal attack dog

Today I am in Granada, Spain having an interesting time. Nothing public to report. I will be here until Thursday morning upon which I travel back to Madrid and the public events begin (see below). Today’s blog continues the analysis … Read the rest of this entry »

Posted in Britain, Debriefing 101, IMF, UK Economy, US economy | 6 Comments

The 1976 currency crisis

Today, I take a further step in advancing our understanding of why the British government called in the IMF in 1976 and why it fell prey to a growing neo-liberal consensus, largely orchestrated by the Americans. The assertion by British … Read the rest of this entry »

Posted in Britain, Demise of the Left, IMF, UK Economy | 10 Comments