Tag: banks
Sunak prepares for war on working class to pay off capitalism’s...
OVER 250,000 small firms and companies are destined to collapse this year according to research carried out by the Federation of Small Businesses (FSB).
Nearly...
Build a revolutionary leadership in the unions
THE CRISIS that has erupted this week over the question of the Tory government’s determination to keep schools open in the face of the...
2021 – Year For World Revolution!
New Year statement by the News Line Editorial Board
THE News Line Editorial Board sends revolutionary greetings for 2021 to all our readers, and to...
UK Workers Are Threatened By Covid-19 Mutations – Trade Unions Must...
HOSPITALS in the south of England say they have seen a ‘real rise in pressure’ as the number of Covid patients needing treatment rapidly...
Tory borrowing breaks all records
GOVERNMENT borrowing broke all records soaring to historic heights in November, figures released yesterday show.
The Office for National Statistics (ONS) said borrowing hit £31.6bn...
Sunak admits ‘borrowing will have to end’ and prepares for war...
IN THE Spectator magazine this week, Tory Chancellor Rishi Sunak broke ranks with the official Tory line that British capitalism could survive by indefinitely...
UK gov is bullying councils to keep schools open – while...
THE Johnson government’s Covid-19 crisis intensified as it ordered London and most of Essex and Hertfordshire to join Tier 3 at 00:01 GMT yesterday.
This...
No Sell-Out Deal With Eu! Forward To Socialism In The UK...
THE government of Boris Johnson has reached decision point over the EU. It is to be made under conditions of a growing and terrible...
‘Hostile environment’ alive & kicking! Tories deport another 13 to the...
A LAST-DITCH legal attempt by two children to stop their father being forced onto a plane and deported to the Caribbean failed on Tuesday,...
Even Tory press admit British capitalism facing ruin – socialist revolution...
IF TORY Chancellor Rishi Sunak harboured any hope that Wednesday’s spending review would reassure anyone that British capitalism could be rescued from complete ruin...
Throw Out Bankrupt Sunak And The Tories With A General Strike!
TORY chancellor Rishi Sunak, at a cabinet briefing before unveiling his latest spending review in Parliament yesterday, warned that the forecast for the UK...
World capitalism facing ‘attack of the debt tsunami’ warn global financial...
A REPORT on Wednesday by the Institute of International Finance (IIF) warned that the world is drowning under an unprecedented and increasing amount of...
Labour right-wing removes whip from Corbyn
BY A UNANIMOUS vote on Tuesday the disciplinary panel of the Labour Party’s National Executive Committee overturned the suspension of former leader Jeremy Corbyn...
Time to put an end to ‘zombie’ capitalism with socialist revolution
STEPHEN Welton, head of the small business investors group the Business Growth Fund (BFG), warned this weekend that the UK economy is in the...
Bank of England to unleash hyperinflation in a desperate attempt to...
REPORTS emerged over the weekend that the Bank of England is on the verge of announcing another massive round of money printing to pay...
UK’s economic, political and health crisis is reaching breaking point! Only...
THE EDITORIALS in Friday’s and Saturday’s Daily Telegraph scream out for action to be taken by Labour leader Starmer to throw Corbyn and his...
Thousands denied benefits now driven to food banks!
THOUSANDS deemed ineligible to receive Universal Credit have been driven to food banks to survive.
The new study published yesterday by the Economic and Social...
UK capitalism is being torn apart politically and economically
THE CRISIS restrictions on Greater Manchester by the Tories reveal that the collapse of British capitalism has reached such a point that the unity...
Johnson Imposes Tier 3 On Manchester
TORY PM Johnson announced yesterday the government will impose the strictest measures – a Tier 3 lockdown – on Manchester, despite Greater Manchester Mayor...
‘Unprecedented economic uncertainty in the UK’ BoE
BANK of England (BoE) boss Andrew Bailey has said the UK faces ‘an unprecedented level of economic uncertainty.’
Britain’s economy shrank by 20% in the...
IMF warns of devastating recession worldwide – forward to world socialist...
THE INTERNATIONAL Monetary Fund (IMF) this week issued a grim warning of worldwide recession with global debt reaching a staggering record of £64 trillion.
In...
Grim prospects for capitalism warns IMF
THE INTERNATIONAL Monetary Fund is projecting a deep recession in 2020, with global growth projected to be -4.4% in its latest update to the...
Second wave drives deaths up by 98%! Get rid of capitalism...
THE SECOND wave of coronavirus has hit the UK with devastating consequences, and the Tory government’s efforts at bringing in measures to curb the...
Unite Cuts Its Labour Party Funding. The Trade Unions Need A...
IN HIS speech to the Tory party conference on Monday, chancellor Rishi Sunak pledged to ‘use the overwhelming might of the British state’ in...
Tory contempt for working class as Sunak offers ‘work coaches’ to...
YESTERDAY Tory chancellor Rishi Sunak unveiled his new Job Entry Targeted Scheme (JETS) that he claimed will ‘provide fresh opportunities to those that have...
OBR predicts 4 million unemployed – as Furlough scheme begins winding...
AS OF YESTERDAY the Tory government’s contribution to furloughed workers’ wages was cut, marking the beginning of the end of the scheme – with...
Macron desperate to reassert French imperial rule in Lebanon
FRENCH president Emmanuel Macron stepped up his blatant interference in Lebanon on Sunday when he issued Lebanese politicians an ultimatum that they must form...
Bankrupt British Bosses Declaring War On Workers, Students And Youth!
THE UK government borrowed £35.9bn in August, which was £30.5bn more than it borrowed in August last year. Borrowing between April and August totalled...
To End The Covid-19 Crisis The Trade Unions Must Bring Down...
TORY HEALTH SECRETARY Hancock yesterday said of the Covid-19 crisis that Britain was facing a ‘tipping point’ and ‘we have a choice’. It turns...
Unite Betrays BA Workers – Demand Emergency Conference Of Union To...
LAST Wednesday Howard Beckett, Unite union assistant general secretary, welcomed as a victory for the union British Airways ‘partial U-turn on fire and rehire’.
Beckett...
Bank of England & US Fed continue to pump out free...
YESTERDAY, the Bank of England announced that it will be keeping interest rates on hold at the historical low of 0.1%.
This was the unanimous...
Tories ‘sidelining NHS’ is the cause of testing crisis – time...
WITH coronavirus cases continuing to rapidly increase day on day as a result of the Tories’ campaign to drive the reopening of workplaces, schools...
Quit the EU now – defend jobs, forward to socialism!
A PROPOSED law giving PM Johnson’s government the power to reject parts of the Brexit agreement with the EU passed its first reading in...
Hands off Palestine – no annexations! Arab workers must remove ‘recognition’...
FOLLOWING the refusal of the Arab League to condemn the UAE for its recognition of the state of Israel, Bahrain has now followed the...
Leave The EU Now! Call A General Strike To Defend Jobs!...
THE UK’s negotiator with the EU, Lord Frost, has said that there is still time for the UK and the EU to agree a...
Tories are readying to impose new taxes, and engage in massive...
EARLIER this week, Apple was priced on the US stock market at $2.3tn (£1.7tn), more than the combined ‘value’ of the entire FTSE 100.
The...
Child poverty & food bank use rises!
A SURVEY of UK social workers by the Child Poverty Action Group, Child Welfare Inequalities Project and the Association of Directors of Children’s Services,...
EU & British capitalism collapsing under debt – Forward to the...
THE CRISIS gripping the German economy threatens not just to bring the country down but will complete the crash of the entire eurozone, a...
Only one answer to mass unemployment – Socialist Revolution
WHILE firms and businesses are closing down as furlough ends and millions of workers are being thrown out of work, the Tories launched their...
Capita Closing Third Of Offices
OUTSOURCING firm Capita is to close over a third of its offices in the UK permanently – despite the Tory government launching a new...
Tories split over massive debt crisis! Make the bosses pay for...
THE TORY Party split over how to pay off the massive debt run up bailing out the bosses during the coronavirus pandemic is now...
‘STOP CODDLING ECONOMIC CRIMINALS’ – SAFTU tells South African Treasury
SAFTU (The South African Federation of Trades Unions) has called on the South African Treasury and the Reserve Bank to ‘stop coddling economic criminals...
Middle Class Faces Mass Unemployment. It Must Unite With The The...
THE CRISIS engulfing British capitalism has drawn the organised working class, along with youth and entire sections of the middle class, into the struggle...
UK capitalists on their knees with the deepest recession since records...
OFFICIAL figures from the Office for National Statistics (ONS) released yesterday show that gross domestic product (GDP) fell by 20.4% in the three months...
JOBS COLLAPSE – worst unemployment since crash
THE NUMBER of jobs collapsed by 220,000 on the quarter, said the Office for National Statistics yesterday – the largest quarterly decrease since May...