Just when Theresa May and the Tories would have been hoping for some respite after a dismal conference period, the OBR (Office for Budget Responsibility) has sent a shockwave through British political and business circles. In its annual “Forecast Evaluation Report” (FER), published this month, the OBR downgraded the UK’s economic outlook, having revealed that both GDP and productivity growth had consistently fallen short of OBR predictions over the last two years.

Theresa May, having ridden high in the nine months following her coronation as Tory leader and prime minister back in 2016, has now met with a dastardly fall. Since the June general election result - which robbed her of her parliamentary majority - everything seems to have gone belly up.

The Brexit negotiations appear to have ground to a halt. “There was nothing, zero, no progress,” said one official last week. Not surprisingly, there is now a deep sense of frustration, not to mention deep anxiety, about where things are heading. Philip Hammond, the current chancellor, has even warned that a “no deal” scenario would ground all aircraft on day one, clog up all the ports and impose a “hard” border in the North of Ireland.

450,000 marched on Saturday, October 21, in Barcelona (according to local police) with tens of thousands gathering in other towns and cities across Catalonia, to demand freedom for the two Jordis (held without bail on sedition charges) and to reject the Article 155 coup announced by Spanish president Rajoy in the morning.

We publish here an interview by the Catalan paper of the IMT, Revolució. Vidal Aragonés is a town councilor in Cornellà, for Cornellà en Comú-Crida per Cornellà; a labour lawyer linked to different militant class struggle unions (especially to the dockers); professor of labour law at the UAB and one of the most eloquent advocates of independence from a Marxist point of view.

 As Josh Holroyd discusses, the future for both the UK and EU under capitalism is one of stagnation, slump, and austerity. The chaos of Brexit is a precursor to further crises in Europe as the system continues to unravel.

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