[Ted Grant Archive Update] - U.S. loan and British workers—No solution to crisis of capitalism

On the eve of 1946 post-war Britain was on her knees. The British ruling class reached a deal with the former U.S. allies for a huge loan, but the repayment conditions were very severe. The Labour leaders in office were willingly carrying out the dirty job of asking British workers to postpone any demands to improve their conditions. Ted Grant looked at the consequences of these policies for the workers.

On the eve of 1946 post-war Britain was on her knees. The British ruling class reached a deal with the former U.S. allies for a huge loan, but the repayment conditions were very severe. The Labour leaders in office were willingly carrying out the dirty job of asking British workers to postpone any demands to improve their conditions. Ted Grant looked at the consequences of these policies for the workers.

Read the full article in the Ted Grant Archive.