Tag: banks
3,200 Boeing workers vote to extend indefinite strike
Boeing workers in the International Association of Machinists and Aerospace Workers (IAM) union at three midwest plants where military aircraft and weapons are developed...
Demands ramped up for Labour to slash pensions, benefits and NHS...
THE DEMANDS for the Labour government to slash all government spending on welfare is reaching a crescendo in the run-up to Chancellor Rachel Reeves’...
NATO plans for war on Russia as capitalism crashes! Forward...
IN WHAT was described as a ‘historic first’, a UK navy destroyer, HMS Duncan, was placed under the direct command of NATO and ordered...
‘We’ve got to get beyond the limits of capitalism’ say SAFTU...
TRUE empowerment lies beyond the limits of capitalism, says SAFTU, the South African Federation of Trade Unions. A statement issued on Tuesday on behalf of...
Capitalism Is In Its Greatest Ever Crisis. Now Is The Time...
DURING stock market trading last Friday more than £12.8bn was wiped off the value of the UK’s bank stocks as the rumours of ‘bad...
With stockmarkets crashing it is time to smash capitalism and go...
AMID world stock markets crashing, and the head of the IMF revealing she has ‘sleepless nights’ over the dangerous risks of collapses in the...
Capitalist financial markets instruct Reeves to make billions of pounds cuts...
THE Institute for Fiscal Studies (IFS), an influential independent economic think-tank that dispenses ‘advice’ on financial matters to the government, has weighed in this...
World bankers meet in Washington as crisis erupts across the capitalist...
THE JOINT annual meeting of the International Monetary Fund (IMF) and the World Bank is taking place in Washington this week under conditions of...
National emergency declared in NHS as waiting lists soar!
Senior NHS doctors declared a state of national emergency in the NHS yesterday as waiting lists soared, with thousands of patients being treated in...
Bank of England warns that the AI stock market bubble is...
THE Bank of England on Wednesday warned of a growing risk of a ‘sudden correction’ in the world stock markets. The massive Artificial Intelligence...
French PM resigns after just 3 weeks! – hundreds of thousands...
FRANCE’S Prime Minister Sébastian Lecornu was summoned back to the Élysée presidential palace in Paris on Monday afternoon just hours after his shock resignation...
Hundreds of thousands across Europe march for Palestine
HUNDREDS of thousands of workers and young people took to the streets across Italy on Friday in a general strike organised by the CGIL...
Starmer forced to condemn the racist police force – Disband it...
FRESH from the Labour Party conference on Thursday, the Prime Minister Kier Starmer was forced to condemn the ‘shocking’ racism and misogyny in the...
Labour Mayor Andy Burnham reveals Labour MPs want him to oust...
THE Labour Mayor of Manchester, Andy Burnham, in an interview with The Daily Telegraph newspaper yesterday said that many Labour MPs have been privately...
Labour government forced to borrow £18 billion last month as UK...
SPIRALLING public spending and interest payments on government debt have forced Chancellor Rachel Reeves to borrow £18 billion last month, the highest August figure...
Terrified financial investors dump UK stocks – time for a general...
US President Donald Trump rolled into Britain on Tuesday night, his second state visit as President, to bask in the adulation of PM Keir...
UK must follow Ireland’s lead and organise general strike action in...
RTE, Ireland’s national broadcaster, announced on Thursday that Ireland will not take part in next year’s Eurovision song contest if Israel is a contestant,...
Mandelson is sacked! NOW Forward to a Workers Government...
EARLY yesterday morning, Labour’s Foreign Office released a statement that announced the sacking of Peter Mandelson as the UK ambassador to the United States...
Starmer’s reshuffle marks Labour’s drive to the right!
THE forced resignation of Angela Rayner as Labour’s Housing Secretary and Deputy Prime Minister on Friday has been seized by Keir Starmer as an...
The TUC Must Make Its Stand! Now Is The Time To...
THE annual conference of the Trades Union Congress (TUC) that starts this Sunday in Brighton is taking place as British capitalism is crumbling under...
Millions Of Youth Facing Employment Crisis As Capitalism Nose Dives!
ONE MILLION YOUTH aged 16-24 are no longer in employment, education or training, the latest figures show! The Centre for Social Justice said last week...
Mass austerity protests called in France for September 10th
PRESIDENT Emmanuel Macron gave his support to Prime Minister François Bayrou at a cabinet meeting yesterday, as France is bracing for fresh political turmoil...
Palestinian children urge – ‘stop the killing!’
DOZENS of Palestinian children staged a protest on Monday to deliver an ‘urgent appeal to stop the killing of Gaza’s children’ to international community...
Lobby TUC Sept 7th to demand they call a general strike...
THE September strikes by RMT union members on London’s underground system are just the latest challenge to the super-austerity policies of PM Keir Starmer’s...
UK stuck in ‘debt doom loop’ – Socialist Revolution the only...
THE INTERNATIONAL Monetary Fund (IMF) has issued a dire warning to Labour Chancellor Rachel Reeves that she must take ‘unpopular’ decisions to halt British...
US bank rule changes threaten a new crash
US PRESIDENT Donald Trump is reportedly putting pressure on regulators to allow government bonds, known as Treasuries, be exempt from risk calculations. Economists have warned...
Doctors strike to defend the NHS and to defend patient care!
ALMOST 50,000 resident (junior) hospital doctors started their 5-day strike yesterday against the government’s refusal to fund their claim for a pay increase of...
Giant investment companies dump shares as world banking crash looms
Testifying to MPs at the Treasury Committee yesterday, Andrew Bailey, governor of the Bank of England, issued a sharp rebuke to Labour chancellor Rachel...
Labour crisis deepens in face of collapsing economy!
PM Keir Starmer’s Labour government, still reeling from its major retreats over the welfare cuts to incapacity PIP benefits and the winter fuel payments,...
Tuc Must Call General Strike To Kick Out Starmer’s Government
THE continuing collapse of the Starmer-led Labour government was on public display on Wednesday when in a pathetic attempt to reassert his absolute control,...
Chancellor Reeves slashes regulations that inhibit banks from taking the ‘risks’ that...
Labour Chancellor Rachel Reeves revealed her plans to slash the rules and regulations that have inhibited the banks and financial speculators from taking risks,...
Unite suspends Angela Rayner – now is the time for the...
LAST FRIDAY, the Unite union’s annual policy conference overwhelmingly passed an emergency motion condemning both the local Labour-controlled council and the Labour government over...
The developing capitalist crisis demands the organisation of the socialist revolution
SHRINKING UK trade figures released yesterday of a decline of 0.1 per cent of GDP in May, following a 0.3 per cent fall in...
US sanctions UN human rights expert after her damning ‘economy of...
FRANCESCA Albanese, the United Nations Human Rights Council special rapporteur on the Occupied Palestinian Territories, has been sanctioned by the US government after she...
The torture of Palestinian prisoners has become commonplace
the torture of Palestinian prisoners has become commonplace since October 7, 2023, Francesca Albanese, the UN special rapporteur on the occupied Palestinian territories, warned...
Pound falls after Rachel Reeves reduced to tears in Parliament
DURING PM’s Question Time in Parliament on Wednesday Labour Chancellor Rachel Reeves broke down in tears as Prime Minster Keir Starmer dodged a question...
High Court rejects legal challenge to Labour arming Zionist genocide –...
ON MONDAY, the High Court in London rejected a legal challenge brought by the Palestinian human rights organisation Al Haq against the decision of...
‘This is Labour’s Poll Tax – No Labour MP who backs...
OVER 400 disabled people gathered in Parliament Square on Monday 30th June to oppose the bill being put to Parliament yesterday by the Labour...
‘Medieval’ levels of health inequality have devastating effects on NHS
On Sunday, the Guardian newspaper published part of the results from its months-long investigation into the effects of poverty on the NHS. Included in the...
The time has come to organise the British Socialist Revolution!
PM Keir Starmer’s humiliating defeat and capitulation to the rebellion of 127 Labour MPs, over his proposed welfare cuts on Thursday night, has thrown...
Starmer Warns Of The Risk Of A New World War!
PM Keir Starmer has warned of a ‘risk of escalation’ beyond the Middle East to the rest of the world i.e. a new World...
Starmer to face down rebel Labour MPs and rely on support...
LABOUR leader Keir Starmer rounded on Labour MPs who are threatening to rebel and vote against the welfare cuts being forced through Parliament, insisting...
Canadian postal workers rally in 13 cities!
Canada Post workers held rallies in 13 cities across the country on Saturday as the ongoing labour dispute with their employer reaches boiling point. The...
Argentina – right to strike targeted
The far-right government of President Javier Milei on Thursday imposed a significant restriction on the right to strike in Argentina across many sectors. This move...
It’s Trump versus the courts. Now is the time with the...
A HUGE political crisis hit US president Donald Trump yesterday when a US federal trade court in New York ruled that most of his...