Cyprus – A Warning To British Workers

One of the major problems facing Cyprus is the dominance of the banking sector in its economy. A key measure of this relationship is the size of the bank assets of a country compared to its Gross Domestic Product (GDP). Cyprus has bank assets 7.8 times larger than its GDP. This proportion is equaled by Ireland and exceeded by Malta which has a multiple of 8, which was also the multiple which Iceland had in 2008, when its banking system collapsed. The Icelandic people decided not to try and save it, but to let it collapse and start again, with a healthier banking sector which would serve their economy rather than dominate it.

The next highest multiple in the EU is the UK’s, at 5.4. To put this into context the EU average for 27 counties is 3.5, with Germany, Austria, Sweden and Belgium on 3.0 and Greece on 2.2.

During the Thatcher period of manufacturing closures, her economists and ideologues spread the idea that manufacturing was characteristic of less developed economies and the UK could thrive on the service sector, particularly finance and best of all the speculative part. The ‘Big Bang’ deregulation of finance was lauded as a great success, as was the destruction of much of manufacturing.

Blairites continued that philosophy which still holds sway in the current Tory-LibDem coalition. Despite their talk of ‘re-balancing the economy’, a serious plan to re-build Britain’s manufacturing does not exist. Instead there is blind faith in ‘the market’ and the hope that the finance sector will recover. The warning for British workers is clear; don’t trust the government, the banks or the EU. The plan must come from us.

The Workers’ Party Twitter Feed

There have been SNP led governments in Scotland since 2007 & substantial increase in pro-separatist opinions since 2016, but there has been a drop in support for separatists, since the start of this year.
No to the break up of Britain!
https://www.newstatesman.com/politics/scotland/2021/04/scottish-independence-poll-tracker-will-scotland-vote-leave-uk

The EU's vaccine export ban is potentially a genocidal policy, an act of an enemy. There are still remainers who would have us back in. The SNP & Alba after breaking up Britain would seek membership of the gangster EU.
Better together! Oppose the EU!

Scientists for Britain@ScienceBritain

The EU wants to impose a vaccine export ban without saying it’s a ‘vaccine export ban’.
As usual, they play with language to deny their most unpleasant motives.

There have been numerous calls for Sturgeon to resign, on the grounds she has misled parliament. The workers of Scotland now should give the SNP it's marching orders, for attempting to create division in the British working class.
https://youtu.be/Zu9kQgy1TN4

The defence & foreign policy review is to cut military personel; though total speding will increase with a focus on the technology of war: nuclear weapons expansion, development of bio-tech, cyber warfare, & artificial intelligence.
https://www.google.com/amp/s/amp.theguardian.com/politics/2021/mar/15/five-areas-of-interest-from-uk-defence-and-foreign-policy-review

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