In the wake of the 23 June referendum in which Britons voted 52 per cent to 48 per cent to leave the European Union, leading figures of the City of London-owned “New Labour” mafia which came to power with Prime Minister Tony Blair in 1997, have mounted an attempt to dump Jeremy Corbyn as leader of the Labour Party. During their years of ascendency, the so-called Blairites betrayed the Labour Party’s working-class supporters by continuing Margaret Thatcher’s brutal deregulation and privatisation agenda, which deindustrialised the UK, while also espousing the anti-democratic globalism inherent in the structure of the European Union, for which many angry, traditional Labour voters repaid them by voting to leave the EU—the “Brexit” referendum result that has shocked political and financial elites around the world. After all, Thatcher’s own ministers had bragged that the EU, which her government not only heartily supported but had actually helped to design in its modern form, represented the “Thatcherisation of Europe”.