In 1958 the economic recession in Britain undermined the stability of the then Tory government. The combination of rising unemployment and inflation and the Tory government's policies provoked a massive swing against them. Ted Grant urged that all forces of the trade union and labour movement be mobilised to force the Tories out.

In 1958 there were fears of a slump spreading from the US economy. British CP leader Campbell started a campaign in consonance with Russian foreign policy to put the blame for the slump on the "Americans" and protested against the bankers' behaviour and the shortsighted British government's attempt to "create a slump" in the UK. Ted Grant argued against this nonsense that it is not the "obsessions" of the bankers nor the "stupidity" of the capitalists and their representatives which cause them to act in a certain way, but the economic laws of the capitalist system.

In 1956 there was a concerted attack by France, Britain and Israel against Egypt with the aim of seizing control of the Suez Canal nationalised by Nasser. Ted Grant explained that the outcome of the Suez war marked the downsizing of Britain and France as second-rate imperialist powers and exacerbated the revolt of the Arab masses against imperialist domination, preparing greater revolutionary crises in the future.

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