Wednesday, April 24, 2024

T.U.C & the budget (1961)

From the April 1961 issue of the Socialist Standard

As happens every year the T.U.C's pre-budget recommendations have been placed before the Chancellor of the Exchequer, and as in past recommendations platitudes abound. It would appear that this year's remedy is economic expansion with an export drive, which the T.U.C. say is based on a need for long term planning. One would have thought that economic expansion was a job for the capitalist class and that the defence of workers' interests should be the main occupation of the T.U.C.

The T.U.C. added that for the export drive to succeed not only physical controls limiting less essential industries may be necessary, but that if these measures affect Britain's balance of payments the Government should take a “calculated risk” by controlling non-essential imports. The T.U.C.’s further warning was that although the measures suggested may be unpopular the alternatives could be worse. It would appear from all this that the workers have very little choice either way.

We must point out that the T.U.C.'s suggested measures have all been tried many times before. Since however the nature of capitalist production compels all other capitalist nations to introduce the same measures the contradictions of the system with all its disastrous consequences is made more obvious. The spectacle of the T.U.C. leaders ably assisting British Capitalism in its world rat race is an object lesson.
W. G. C.

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