IAN LAVERY MP warns that decades of neoliberal policies have left former industrial communities behind — but a renewed Labour commitment to working people could change the political landscape
EARLIER this month, the euro-US dollar (EUR/USD) exchange rate fell about the same time that sterling fell after the Bank of England raised its main interest rate by 0.75 percentage points to 3 per cent. This brought borrowing costs to the highest level since 2008.
The exchange rate shift has also resulted in a slowdown in employment growth.
This is a direct result of the US Federal Reserve tightening its policy earlier this year around longer-term interest rates that have moved significantly higher, where stock prices have declined sharply and the dollar has increased in value.
Friedrich Merz’s call for a new Plaza Accord ignores how Washington’s 1985 currency ambush destroyed Japan without fixing US deficits — China, a sovereign socialist state with 1.4 billion consumers, cannot be bullied the same way, writes CARLOS MARTINEZ
CLAUDIA WEBBE says the US is tightening the noose to destroy Cuban socialism — the need for immediate, international solidarity is urgent
As the dollar falters and US power turns predatory, Britain and Europe must abandon transatlantic illusions and build a collectivist alternative before the system implodes, writes ALAN SIMPSON
Starmer sabotaged Labour with his second referendum campaign, mobilising a liberal backlash that sincerely felt progressive ideals were at stake — but the EU was then and is now an entity Britain should have nothing to do with, explains NICK WRIGHT


