Reform’s rise speaks to a deep crisis in Establishment parties – but relies on appealing to social and economic grievances the left should make its own, argues NICK WRIGHT

THE key economic indicators that trade unionists used to consider closely were the balance of trade deficit, the value of the pound, manufacturing production output, research and development (R&D) investment and unemployment levels.
Together these reflected the political health of the country to the extent that production was primary and that capital, until 1979 legally restricted in its movements, was being reinvested to regenerate the wealth-creating base.
As the country got further and further embroiled into the EU machine, with its free movement of capital, privatisation and neoliberal economics, the shift from the real economy of industrial production to the virtual reality of financial speculation also led to a shift away from discussing the most revealing economic indicators.

DOUG NICHOLLS argues that to promote the aspirations for peace and socialism that defeated the Nazis 80 years ago we must today detach ourselves from the United States and assert the importance of national self-determination and peaceful coexistence

The US president’s universal tariffs mirror the disastrous Smoot-Hawley Act that triggered retaliatory measures, collapsed international trade, fuelled political extremism — and led to world war, warns Dr DYLAN MURPHY


