Brexit

The support has come from all angles – in the form of a 10,000 strong last minute demonstration, a petitionthat has skyrocketed to nearly 260,000 signatures, and a Labour membership increase of a whopping60,000. New members are not asked whether they support the present leader, but The Independent reports:

By David Graeber As the rolling catastrophe of what’s already being called the “chicken coup” against the Labour leadership winds down, pretty much all the commentary has focused on the personal qualities, real or imagined, of the principal players.

The historic Brexit vote marks a victory of the working people over the capitalist elites who have used the European Union as a means of extending their exploitation of them to the limits, and which now, along with its imperial rival and overlord, the United States, is arming and preparing for a world war with Russia.

The Brexit vote was a momentous political earthquake and the seismic shifts that caused it have been long in the making. It has ruptured so many political structures — decades and even centuries old, national and international — so deeply it could be decades before its damage can be fully reckoned.

The attempted putsch against Labour Party leader Jeremy Corbyn is being mounted by a right-wing cabal, working in intimate collusion with the security services in Britain and the United States. Its main propaganda organ is theGuardian newspaper. The aim is to overturn the result of the June 23 referendum and ensure British membership of the European Union

If the next prime minister does trigger the departure process, Britain then has two years to negotiate the terms of its leaving. While European Union rules say that membership is revoked automatically at the end of that period, Britain could theoretically use that time to negotiate an alternative plan.

Many words could have been used to describe the transformative events following the UK’s historic and unprecedented decision to leave the European Union. Asked over the weekend about the exchange between President Obama and Prime Minister David Cameron on Friday following the results of this seminal event and his resignation, National Security Advisor Susan Rice said that the President described the outcome as a “bummer.”

La défense de la souveraineté nationale, comme sa critique, donne lieu à de graves malentendus dès lors qu’on la détache du contenu social de classe de la stratégie dans laquelle elle s’inscrit. Le bloc social dirigeant dans les sociétés capitalistes conçoit toujours la souveraineté comme un instrument nécessaire pour la promotion de ses propres intérêt

In the aftermath of last week’s referendum, our country faces major challenges. Risks to the economy and living standards are growing. The public is divided. The Government is in disarray. Ministers have made it clear they have no exit plan, but are determined to make working people pay with a new round of cuts and tax rises.

Standard and Poor's has downgraded UK's credit rating by two notches from AAA to AA as a result of the Brexit vote. S&P is concerned about the risks of the UK's external financing conditions worsening. It also said that the economic integrity of the United Kingdom is under threat, once the voters of Scotland and Northern Ireland voted to remain in the EU.