Tag: banks
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...
‘Relentless’ rise in public debt unsustainable world bankers warn as capitalism...
THE head of the Bank for International Settlements (BIS) issued the gravest warning yet to the governments and central banks of the capitalist world...
‘Russia will successfully complete Special Military Operation in Ukraine without resorting...
RUSSIA has sufficient capabilities to successfully complete the special military operation in Ukraine without resorting to nuclear arms, Russian President Vladimir Putin has told...
Dump ‘Reform’ into the nearest dustbin – Forward to the British...
REFORM UK, a right-wing and ‘anti-working class’ party winning the Runcorn and Helsby parliamentary by-Election on Thursday, was only possible because of the treachery...
The April Wall Street crash ‘worst since 1932’ as recession hits...
‘TRUMP rout is taking on historic dimensions’ was how American financial paper, the Wall Street Journal (WSJ), described the news yesterday that the Dow...
Business Secretary Reynolds can’t keep blast furnaces going!
THE British Labour government’s business secretary has refused to confirm if the government can get the sufficient raw material supplies in time to keep...
Trump caves in over tariff war as US capitalism faces collapse....
US president Donald Trump caved in on Wednesday, after the financial world reacted in fear and dread over the rapidly unfolding collapse of the...
Trump Seeks To Impose A Worldwide Capitalist Dictatorship – Workers...
CHINA yesterday accused the White House of ‘bullying practices’ after Donald Trump imposed 104 per cent duties on Chinese goods into the US in...
Stock markets crash under impact of Trump’s trade war – World...
ON Thursday night, the giant TV screen that looks down on the floor of the New York Stock Exchange spelt out the message ‘Trump...
Massive price increases for millions of workers yesterday while giant energy...
YESTERDAY was dubbed ‘Awful April’ in the press, as millions of households throughout the UK were hit by massive price increases across the board...
Economic collapse driving US capitalism towards war with China
AT THE end of January, $1 trillion was wiped off the value of America’s leading high-tech companies – the so called ‘Magnificent Seven’ –...
South Africa honours the 65th anniversary of the Sharpeville Massacre!
THE Congress of South African Trade Unions (COSATU) said on Friday that it joins millions of South Africans in honouring the 65th anniversary and...
Labour cutting thousands of jobs! Trade unions must bring Labour down...
THE PCS trade union has responded to Labour’s huge civil service cuts pronouncements. A shocked and shaken PCS said: ‘The impact of making cuts will...
US unions demand no cuts to Medicaid and education
Service Employees International Union (SEIU) members across the country have been holding demonstrations throughout the last week against the plans of US President Trump...
Starmer urges send British jets to the Ukraine to combat Russia!
Dispatching British fighter jets to Ukraine ‘to police the skies against Russia above the Ukraine’, emerged as a planning proposal at Sir Keir Starmer’s...
Labour splits emerging as Starmer faces ‘mother of all rebellions’
FOLLOWING Prime Minister’s Questions session in Parliament on Wednesday left wing Labour MP Richard Burgon went on social media warning that Keir Starmer will...