Tag: banks
VOTE WRP DECEMBER 12th
WRP parliamentary candidate for Camberwell and Peckham Joshua Ogunleye had a warm welcome for his socialist policies at the London College of Arts Camberwell...
Furious Postal Workers Are Now Ready For Decisive Action!
THE CWU stands absolutely united in its anger at the Royal Mail bosses and the ruling class’ High Court following Wednesday’s ‘outrageous’ decision to...
‘The corporate structure of care homes … hides profits, avoids tax...
SOME of the Big 26 care home providers make use of ‘complex company structures’ is the finding of a report from the Centre for...
Corbyn’s Balancing Act Faces Its Moment Of Truth!
THE ABRUPT decision by Brexit Party leader Nigel Farage not to contest the 317 seats held by the Tories in the general election means...
Anc Government Is Seeking To Make Public Sector Workers Pay For...
AGAINST a background of economic collapse with unemployment rising to nearly 30 per cent, the ANC government of South Africa, driven by the Treasury,...
Great support for Southall WRP candidate!
THE Elect Hassan Zulkifal WRP Ealing Southall campaign got great support on Southall Broadway yesterday.
Heathrow Airport worker and GMB member Kutesh Sashikint said: ‘I...
McDonnell rejects socialist policies of mass nationalisation of industry in favour...
LAST Thursday, Labour shadow chancellor John McDonnell outlined Labour’s economic policy for the general election which amounted to piling even more debt on the...
McDonnell pledges £500bn investment – as deputy leader Watson quits
‘WE STAND in the best tradition of British socialism,’ Shadow Chancellor Labour’s John McDonnell said to cheers, outlining yesterday Labour’s economic policy for the...
VOTE WRP ON DECEMBER 12! BREAK WITH THE EU! FORWARD TO...
THE DECEMBER 12th election is a crisis election, in a situation where the worldwide crisis of capitalism is deepening rapidly to explosion point. Eleven...
Corbyn must dump ‘Remain’ and insist on socialist policies to win...
TUESDAY night’s vote in parliament calling a general election on December 12 revealed that the Labour Party is split from top to bottom.
In the...
Majority of world banks ‘not economically viable’ according to report
THE INTERNATIONAL management consultancy firm McKinsey & Company has published a global banking review which found that the majority of banks worldwide ‘may not...
The EU Remains In Charge As All Parties Await Its Decision...
THE EU is definitely still in charge of Brexit and the ‘Brexit debate’.
MPs await its decision today after Tory leader Johnson dumped the ‘no...
EU tightens the screw! – Johnson dumps ‘do or die’
EU ambassadors yesterday agreed to delay Brexit, but will not make a decision on a new deadline date until next Monday, just three days...
World Crisis driving world revolution – Build the Fourth International!
LAST week it was the turn of the International Monetary Fund (IMF) to issue its latest warning that world capitalism is on the point...
Labour MPs must vote to break from the EU today, and...
ON THURSDAY morning, the President of the European Commission Jean-Claude Juncker and Tory PM Johnson announced a Brexit deal. After three years, the EU...
Johnson and EU agree new Brexit deal!
YESTERDAY morning the President of the European Commission and Tory PM Johnson announced that they had agreed a Brexit deal. That deal now has...
Latest IMF report – Corporations in US, Britain and Europe facing...
THE INTERNATIONAL Monetary Fund (IMF) this week produced its latest Global Financial Stability Report, its half-yearly analysis of the state of the world’s banks...
Call A National All-Out Postal Strike To Renationalise The...
ON MONDAY, it was announced that over 97% of Communication Workers Union (CWU) members working in Royal Mail had voted for national strike action...
‘Moreno A Hypocrite And Traitor! People’s Blood Non-Negotiable!’
‘Lenin Moreno Hypocrite and traitor – the blood of the people is not negotiable,’ shouted over a hundred Ecuadorians and their supporters outside the...
New head of IMF warns $19 trillion debt time bomb will...
THE NEWLY-appointed head of the International Monetary Fund (IMF) this week issued the starkest warning yet that world capitalism is on the point of...
Moreno Flees Ahead Of Ecuadorian Mass Demonstrations!
ECUADORIAN President Lenin Moreno abandoned the capital, Quito, on Monday and fled to the coast ahead of mass demonstrations which were held yesterday.
A mass...
SA National Banking Strike Banned!
ATTEMPTS to put on trial the most notably capitalist elements of the ‘fourth industrial revolution’ suffered a major blow at the Labour Court of...
Worldwide Capitalist Crisis Requires The Victory Of The World Socialist Revolution!
YESTERDAY saw a massive escalation in the world trade war when the US was given the green light by the World Trade Organisation (WTO)...
Johnson using fear of revolution and civil war to drive through...
Opposition parties met yesterday in the offices of Labour leader Jeremy Corbyn in an attempt to cobble together an agreement to replace Boris Johnson...
Only socialist revolution can stop industrial collapse
THE BALLYMENA-based Wrightbus company went bust yesterday, throwing 1,200 workers out of a job with immediate effect.
On top of this, 1,700 jobs in the...
50,000 South African bankworkers to strike! – as miners vow to...
Bankworkers union Sasbo (South African Society of Bank Officials) said South Africans should brace themselves for a complete standstill in the financial services sector...
Universal Credit: ‘Cruel and flawed’ – says Unite
A bombshell report and survey of nearly 1,200 claimants by the union Unite lays bare the misery caused by the roll-out of Universal Credit.
The...
Renationalise Thomas Cook!
NINE thousand Thomas Cook workers lost their jobs yesterday with a further 20,000 threatened across Europe as the company, founded in 1841, went bust....
BIS warns new ‘Lehman Brothers’ crash under way
THE SWISS-based Bank for International Settlements (BIS) has issued yet another warning that the world’s banking system is heading for a monumental crash.
The BIS,...
Only Socialist Revolution can force a break with the EU
TOM Watson, the right wing deputy leader of the Labour Party, escaped being unceremoniously chucked out of his position over the weekend following an...
Corbyn is just another Remainer – Build the new leadership in...
IN HIS address last week at the TUC annual congress, Labour leader Jeremy Corbyn informed delegates that Labour’s priority was to stop a No-Deal...
46,000 auto workers close down GM as the class struggle erupts in...
ON SUNDAY night 46,000 members of the United Automobile Workers (UAW), employed by General Motors in America, walked out on indefinite strike in a...
EU announces further below-zero rate cuts and 2.6tn euro QE as...
THE EUROPEAN Central Bank (ECB) has announced its biggest package of rate cuts and economic stimulus in three years as EU President Mario Draghi...
Scottish court rules prorogation ‘unlawful’
WE ARE of the opinion that the advice given by the government to Her Majesty the Queen to prorogue Parliament was unlawful and that...
Corbyn Displays The Bankruptcy Of Reformism At The TUC!
WHAT has emerged out of the bankruptcy of Parliament this week is that the Labour leadership, along with the other opposition parties and rebel...
‘Overthrow the EU – Replace it with the Socialist United States...
‘TROTSKY wrote about the prospects of the European capitalists uniting Europe,’ Dave Wiltshire, National Secretary of the All Trades Union Alliance told the YS/WRP...
Bring the airports out in support of Ryanair and BA strikers!...
THE BRITISH AIRWAYS pilots strike is on for both Monday and Tuesday in an escalating battle over pay. British Airline Pilots’ Association (BALPA) BA...
TUC leaders back Remainers to keep the working class tied to...
WITH THE annual conference of the TUC opening on Monday the leadership of the trade unions have produced a report detailing the catastrophic effects...
The Bankers Are Warming To Jeremy Corbyn – Now That He...
BORIS Johnson’s Tory government suffered a massive defeat in the House of Commons on Tuesday night when 21 of its MPs rebelled and voted...
Rail Companies Are Paying Massive Dividends Says RMT
NEW RMT research has revealed that the private companies responsible for supplying trains to the railways have been paying massive dividends to their shareholders...
COSATU condemns political killings and ‘vote buying’ during ANC campaign
SOUTH Africa’s trade union federation COSATU has expressed concern over ongoing factional battles in the governing ANC party, allegations of vote buying by the...
Lobby TUC Sept 9 to demand break from EU now and...
THE REMAINER MPs have been dealt a minor blow by the Scottish courts. A Scottish judge has refused to order an immediate halt to...
Car industry collapses in UK and Europe under impact of capitalist...
THE BRITISH car industry is steadily collapsing as a result of the world economic crisis, figures produced yesterday highlighted.
According to the Society of Motor...
Johnson suspends Parliament. Leave the EU on 31 October & forward...
YESTERDAY, the Tory government asked the Queen to suspend Parliament from 10 September, just days after MPs return, for 23 working days until 14...
Trump splits US ruling class with demand they give up vast...
ON THE eve of the G7 Summit in France over the weekend US president Donald Trump ordered US companies to leave China and move...
34 Sixth Form Colleges Out Today!
THIRTY-FOUR sixth form colleges are on strike today to demand more funding for their students and their colleges.
Nine colleges are joining the strike action...
