Abstract
The article attempts to specify the relationship between industrial and commercial activity and the financial system within the UK economy. It does this in two ways. In the first place through a discussion of the different forms and circuits of capital which designate of the important relationships and categories integrating the financial and the industrial sectors. Secondly it assesses the specific form of the circuit of finance capital within the UK economic formation and points to some of the implications of this for the proposals to take into public ownership the Commercial Banks and Insurance Companies.

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