The concluding section of British Perspectives 2006 looks at the state
of the British economy, which has been propped up by colossal debts for
some time, but is now grinding to a halt. The decline of manufacturing,
and the domination of banking and financial services is an expression
of the enfeeblement of British capitalism. This lies behind the attacks
on the welfare state, on jobs and conditions, and on democracy. All the
conditions are being prepared for a new outbreak of class struggle that
will have a profound impact on British society in the next period.