“The idea that all Britain’s Labour party needs to do to win is offer true socialism has been tested to destruction.” (Financial Times) 

News of the British election result was greeted by jubilation on the stock markets of the world. The pound sterling soared, and Donald J. Trump tweeted: “Congratulations to Boris Johnson on his great WIN!”

But all history shows that a rise in the stock market does not necessarily signify anything positive for the working class. Rather, the opposite is the truth. And what pleases the present occupant of the White House will not necessarily be to the liking of the working people of Britain.

All the reactionaries are crowing. Donald Trump expressed particular delight at the result. “Congratulations to Boris Johnson on his great WIN!” the US President wrote on Twitter. “Johnson secures crushing UK election victory,” exuded the Financial Times, as the pound rose on foreign exchange markets.

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