House price increases are slowing down in Britain. In June in London
prices actually fell. This is the beginning of the end of the house
price bubble and it will be very painful for many families who have
borrowed on the basis of the increased equity in their property. It
will have a knock-on effect on the whole economy as spending is already
slowing.

We republish this article on the referundum on the EEC Common Market, written by Ted Grant in 1979. The article explains that the struggle against a capitalist common market needs to be linked to the struggle of changing society on socialist lines, as the struggle against the European Constitution today must also be.

We publish this article written by Ted Grant just before the general
election in Britian in 1979. The article demonstrates that the Tory
policies were doomed to failure because of the sickness of British
capitalism and that the reforms offered in the Labour Party programme
were unattainable on a capitalist basis. The only way to carry out
these reforms and take society forward was the nationalisation of the
means of production, and the creation of a planned economy under the
democratic control of the working class.