In analysing Churchill's speech of September 21, 1943 on the surrender of Italy, Ted Grant denounced the hypocritical attitude of the British ruling class. All propaganda about the "war for democracy and against fascism" was ruthlessly put aside by Churchill and a deal with the former supporters of fascism (the monarchy and the Badoglio dictatorship) was struck by the Allies. As Ted Grant correctly predicted, the same horse-deal was to be repeated in one country after another, including Germany, and explained that in order to stave off revolution, Allied imperialism was perfectly willing to reach a deal with the very same forces that had backed fascism, in order to defend their common class interests.

Also you can also read the article in the Ted Grant Archive