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Showing posts with the label "economic slump"
This is a good picture of Britain's political-economic situation There is a historical background prior to 2016 and the crisis that led to Brexit. "There was now a clear division between those leaders who represented the interests of big business and the City of London wanting ‘free trade’ and a big role in the EU and rank and file Conservatives who    represented small businesses and the narrow nationalist and racist elements in small provincial towns. They wanted no truck with ‘Europe’ and harkened back to ‘good old days’ of a white imperial Britain ploughing its own furrow – something, of course, that had disappeared even before the UK joined the EU. This division was heightened by the bulk of the ‘popular’ press, whose moguls were either Australian-Americans like Rupert Murdoch, or aristocratic empire believers like the Rothermeres or the Barclay brothers." The analysis also includes the impacts of "no-deal Brexit" on business and labour. A crucial ar