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🇬🇧 The British economy has fallen into recession

▪️ -0.3% was the decline in the British economy in the 4th quarter of 2023, and -0.1% in July-September . From July to December 2023, the decline in the British economy was -0.5% , states the British National Statistical Office (ONS)

▪️ A drop in production volumes in the 4th quarter of 2023 is recorded in all three main sectors: in services -0.2% , in manufacturing -1.0% and in construction -1.3%

▪️The largest contribution to the decline in industrial production in Britain was made by energy-intensive sectors : machinery and equipment -7.0% , production of rubber and plastic products -4.7% , which was a consequence of participation in anti-Russian sanctions

Source: https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpfirstquarterlyestimateuk/latest
Forwarded from Red Rick
"In the last few hours of our journey a yellow skinned Kazak youth of twenty six got in our compartment. He was excited to learn that I had seen the Turk-Sib railway at its beginning. He said, "I was a boy of thirteen when they started to build the railway, a starving shepherd boy who had never been to school. I came to beg for a job on the road and they put me in the railway school and fed and trained me. When the Turk- Sib opened, I was sixteen, fit for a semiskilled job. I kept on working and studying; the railway gives you every chance. Now, at twenty-six, I have a good job in the maintenance de- partment. Turk-Sib is my father and my life."

- Anna Louise Strong
The Soviets Expected It.
Forwarded from Red Rick
How industry was seen as more than just a job or a wage in the Soviet Union. It was seen as their life-blood. The power of the workers was harnessed to such a fantastic effect.
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Forwarded from @MTODAYNEWS 👈 RT News new channel!!!
Multi-front protest taking over Moldova

Three demonstrations have broken out against the ruling government.

Bus drivers are blocking roads in Chisinau, elsewhere in the capital the opposition party is holding an anti-government demonstration, and on the Romanian border, farmers are closing the crossing demanding financial subsidies.
Forwarded from MintPress News
Profits rose as homes froze

It has been revealed that the profits belonging to British Gas, the largest UK energy and home services provider, increased shockingly by almost 1000% during a period where low-income communities across Western Europe are struggling to survive the current cost of living crisis.
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📉🇩🇪GERMANY CONTINUES TO PAY THE PRICE FOR SANCTIONING RUSSIA🇷🇺🛢

Via Bloomberg, Germany's era as an industrial powerhouse is on the decline, with the loss of affordable Russian natural gas due to the Ukraine crisis delivering a significant blow to manufacturers already grappling with cost competitiveness.

Since 2017, industrial production in Germany has been in decline, a trend that has intensified following the cessation of Russian gas imports in 2022 as a punitive measure against Moscow amid the Ukraine conflict. This has resulted in the closure of longstanding factories, while other enterprises are relocating production facilities to nations with more favorable cost structures.

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Our comrade Chris Haws having a drink with his mate Karl.
The Swan, Wood Street. Liverpool.
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This Wednesday at 7pm the Project will be having the first of our monthly lives! Get yourselves ready to tune in. We will be taking questions!

This first live broadcast we will be talking about the upcoming Rochdale Bi-election!
My talk at the Trinity College Dublin branch of the Workers Party of Ireland is now available to listen to in podcast form.

https://x.com/workersparty/status/1759618900986048801?s=20
How could it happen, it may be asked, that the powerful British proletariat, which fought with unexampled heroism, proved to have leaders who were either venal or cowardly, or simply spineless? That is a very important question. Such leaders did not spring up all at once. They grew out of the labour movement; they received a definite schooling as labour leaders in Britain, the schooling of that period when British capital was raking in super-profits and could shower favours on the labour leaders and use them for compromises with the British working class; whereby these leaders of the working class, becoming ever more closely identified with the bourgeoisie in their manner of life and station, became divorced from the mass of the workers, turned their backs on them and ceased to understand them. They are the kind of working-class leaders who are dazzled by the glamour of capitalism, who are overwhelmed by the might of capital, and who dreary of “getting on in the world” and associating with “men of substance.” There is no doubt that these leaders—if I may call them that—are an echo of the past and do not suit the new situation. There is no doubt that in time they will be compelled to give way to new leaders who do correspond to the militant spirit and heroism of the British proletariat. Engels was right when he called such leaders bourgeoisified leaders of the working class.


Stalin - On The Failure Of The General Strike In Britain
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