Carney warning over banks ‘too big to fail’
UK economic output rose by 0.8% between July and September, official GDP figures show. The data adds to a 0.7% GDP rise in the...
New universities going bust as education becomes a commodity
FORTY-SIX universities, mainly but not entirely made up of ex-Polytechnics, were put on a list by the Labour government, after the introduction of tuition...
Economic Crisis Deepening! More Austerity And A Banking Crash On The Way!
A LEAKED document obtained by the Labour Party has revealed that the Treasury faces a black hole of up to £16bn in its finances...
Wall Street crashes. Capitalism goes over the brink!
LEHMAN Brothers and Merrill Lynch, two pillars of the capitalist world’s banking system, have gone. The first declared bankruptcy, after the US Federal Reserve...
Defeat imperialist coup attempt in Ukraine
THE refusal at the last minute by the Ukrainian president, Viktor Yanukovich, to sign up to a ‘partnership’ deal with the EU has led...
After one year of the Libyan slaughter – Forward to Damascus urge Cameron, Sarkozy...
THE Libyan people are being told that they must celebrate the first anniversary of the ‘revolution’ (in fact, counter-revolution) that has destroyed their country,...
Stop Tory drive to war in Libya with a general strike
THE imperialist war drums are beating with a vengeance as advanced preparations for a direct military intervention into Libya by Britain, Italy, France and...
Collapse of Greensill Capital – another Lehman Brothers crisis!
THE COLLAPSE of Greensill Capital, a finance company which acted as a massive lender to companies, has sent shock waves throughout the UK steel...
Almost 100,000 youth flee Ukraine as the imperialist powers seek to provoke an imperialist...
NEARLY 100,000 men of fighting age have fled Ukraine in the last two months, as the fascist-supported regime of Volodymyr Zelensky desperately scrambles to...
Labour Party leaders knife Corbyn to prepare way for National Government with...
LABOUR leader Keir Starmer suspended his predecessor Jeremy Corbyn from the Labour Party over his remarks on Thursday about anti-Semitism in the Labour Party. Corbyn’s...
Swiss National Bank puts the skids under the euro
DEFLATION ran amok yesterday as Tullow Oil wrote off $2.2bn (£1.45bn), a direct result of the oil price collapse after the World Bank warned...
Russia wins Round One in the struggle for Central Asia
THE Russian government and armed forces have turned the tables on the imperialist powers and their surrogates who launched the vicious surprise attack on...
US and world economic crisis deepens as PM Johnson decides to give up ...
THE CORONAVIRUS crisis is smashing up the US and world capitalist economy at a tremendous rate. The latest casualty is the electric car firm Tesla...
Postal workers are standing up to management bullies
POSTAL workers in towns and cities all over the UK were forced out on unofficial strike yesterday morning when management sought to impose the...
Turkey Poised To Invade Northern Iraq
THE Turkish army is poised to invade northern Iraq in order to respond to PKK (Kurdish Workers Party) attacks on its troops, which...
McDonnell writes ‘Dear John’ letter to Osborne!
THE TORY plan to cut Working and Child Tax Credits has succeeded in splitting the Tory party and creating divisions even in the Tory...
Israel murders thousands of children in Gaza while Starmer and the Tories try to...
Labour leader Keir Starmer, in a speech yesterday, reaffirmed his commitment to the genocidal war being waged by Israel against the Palestinian people in...
Forward to the victory of the World Socialist Revolution!
WHEN he defected from the Tory Party to Nigel Farage’s Reform UK on Wednesday, MP Robert Jenrick, former Tory shadow justice secretary, launched a...
Only Socialist Revolution can achieve Brexit
TORY prime minister Theresa May is this week teetering on the brink of political annihilation as it emerged that her Brexit secretary, David Davis,...
Call general strike to stop the Trade Union Bill becoming law
DELEGATES at the Trade Union Congress in Brighton yesterday unanimously voted for motion 18 to defend the right to strike and political protest, and...
Nationalise Lonmin – forward with South African socialist revolution
The massacre of 34 striking miners at the hands of the ANC government’s police last Thursday marked a decisive point in the development of...
Trump’s war on Venezuela draws condemnation from China and Russia
Russia and China have both expressed their support for Venezuela as it confronts a US blockade of oil tankers entering or leaving the country...
State terror at home and abroad!
THE UK capitalist state has always used terrorist attacks, such as the latest attack in Tunisia, to strengthen its continuing preparation of special armed...
Hodge tries to stop any condemnation of Israel as a racist, apartheid state
THE ORCHESTRATED witch-hunt against Labour leader Jeremy Corbyn over scurrilous accusations that he and indeed vast numbers of Labour Party members are in fact...
Recall the TUC Congress now to sack the TUC leaders for their refusal to...
LAST month, the TUC unanimously passed an emergency motion headed: ‘Stop the escalation of war in the Middle East’ and committed the TUC ‘to...
Defend Welfare, Defend The NHS, Defend All Benefits, Bring Down Coalition
TORY leader Cameron has backed Chancellor George Osborne after he suggested a link between the Mick Philpott case and the Welfare State. The prime...
US economy shrinks by 32.9% as Trump tries to call off election! US trade...
THE US GROSS domestic product (GDP) in the biggest economy in the capitalist world, has plunged by a titanic 32.9% in the second quarter,...
Savage Greek property tax provokes mass revolt
In the past few days electricity bills delivered to Greek households have contained a demand for the hated new property tax. This tax, which ranges...
Truss insists no retreat as she prepares to split Tories and move to dictatorship
TORY Prime Minister Liz Truss finally emerged from Downing Street yesterday to make her first public statement on the economic crisis that has brought...
Russian troops return to bases, giving the Ukrainian government the chance to break with...
RUSSIAN troops have completed their training drills in Belarus, very close to neighbouring Ukraine, and will begin returning to their bases, the Ministry of...
Unite betrays Ealing strikers – Time to build a revolutionary leadership in the unions
THE ANGER expressed by Ealing Parking Service workers at the way in which the Unite leadership has sold their strike down the river reflects...
Johnson suspends Parliament. Leave the EU on 31 October & forward to a workers...
YESTERDAY, the Tory government asked the Queen to suspend Parliament from 10 September, just days after MPs return, for 23 working days until 14...
Reformists and Stalinists seek to break Greek teachers’ struggle
THE confrontation between Greek teachers and the Greek state and its EU masters has erupted this week after all teachers were served at the...
Civil war declared as Tories are torn apart by the capitalist crisis – Kick...
CIVIL WAR in the Tory Party has erupted as Boris Johnson and his allies launch a coordinated attack on PM Rishi Sunak, with the...
HSBC money launderers protected by Osborne and top US officials out of fear of...
A US Congressional report has revealed that US officials refused to prosecute HSBC for money laundering in 2012 because of grave concerns within the...
Capitalism can’t afford common retirement age or decent pensions
CAPITALIST Britain is being driven backwards, not forwards by the deepening crisis of capitalism and the policies of the Blair-Brown Labour government, dedicated to...
TUC begs for partnership
TOMORROW the Tory chancellor, George Osborne, will be presenting before parliament his last budget before the general election on May 7 – a budget...
Tories are bringing in savage anti-union laws to police the working class as they...
THE GOVERNMENT has announced what it says is one of the biggest bonfires of financial regulations to allow the City of London to rule...
Lobbying Bill A Conscious Attack On The Working Class
THE Tory-led coalition’s proposed new Lobbying Bill is sending shock waves throughout the leadership of the TUC, as its full import becomes known. This bill,...
Now Smash The Bill And Bring Down The Coalition!
THE RCN (Royal College of Nursing) yesterday carried a 97% vote of no confidence in Health Secretary Lansley, with 478 for six against and...
Israel sacrifices Russian IL-20 and 15 lives to protect its raid on Syria!
THE ISRAELI regime has repaid Russia and President Putin for their attempts to reach some agreement over a withdrawal of Iranian forces from Syria,...
brown proposes to rob the workers to rescue the bankers
YESTERDAY saw the big international push get under way to try to rescue the bankers of the world from the crisis of their capitalist...
Labour And Trade Union Leaders Move To The Right!
THE Shadow Work and Pensions Secretary, Liam Byrne, yesterday joined hands with Cameron and Osborne with his declaration in the Guardian newspaper that Beveridge,...
Accessories To Murder!
THE Israeli Cabinet, after its weekly meeting on Sunday, issued a statement that it was greatly encouraged by the ‘low-key’ international response to its...
Tories & Labour are punished in council elections for refusing to carry out Brexit!
BOTH the Tories and Labour suffered huge defeats in the council elections yesterday for their cowardly refusal to implement the 2016 EU referendum result. Polls...