Tag: banks
Working Class In UK Requires A New And Revolutionary Leadership!
TORY chancellor Rishi Sunak dropped any pretence that British capitalism would stage a miraculous ‘bounce back’ when he confessed that the country faces ‘a...
15th May 1948 – The day hundreds of thousands of Palestinians...
THE 15th of May 1948 was an extraordinary day for the Palestinian people, it was the day when hundreds of thousands of Palestinians lost...
Only A Socialist Revolution Can Resolve The Crisis Of Capitalism!
THE DAY after official figures were released showing that the UK economy was crashing into the deepest depression for 300 years, the governor of...
Record Breaking Slump Will Lead To Socialist Revolution In The UK!
BRITISH capitalism is officially in recession as the Office for National Statistics (ONS) reported yesterday.
In just three months, the UK economy shrank at a...
UK ECONOMY IS CRASHING! – facing its biggest ever slump
TORY CHANCELLOR SUNAK yesterday said it is ‘very likely’ the UK is in a ‘significant recession’, as figures show the economy contracting at the...
TUC And Right Wing Labour Are Supporting Driving Workers Back To...
PM JOHNSON’S drive to return workers to work, despite the coronavirus epidemic, announced in Parliament on Monday at 3.00pm has met with a split...
‘THE CRISIS IS BEING PAID WITH OUR RIGHTS!’ – says Ecuadorian...
‘We are quarantined but not silent. The millionaire cut to public education moves us to take the space, ours, the house, the neighbourhood, the...
Capitalism’s biggest crisis since 1706, warns BofE! Make it its last...
THE BANK of England’s latest report, released on Thursday, has revealed the full extent of the catastrophic crisis of capitalism, now writhing around in...
Deepest recession since 1706 – UK economy to contract 14% –...
THE BANK of England warned yesterday that the UK economy is heading towards its deepest recession on record, shrinking by as much as 14%...
British Capitalism Is On The Rocks! All Life Support Attempts Are...
SUCH is the crisis of British capitalism more than half of the adult population, 27 million people, have had to be financially assisted by...
Tories Seeking To End The Lockdown To Save Capitalism – While...
ACCORDING to the Johns Hopkins University count, the coronavirus pandemic has infected more than 3,402,400 people worldwide and has claimed the lives of at...
MAY DAY MANIFESTO – Corona crisis tips capitalism over the edge!...
Statement by the News LIne Editorial Board
THE NEWS LINE Editorial Board sends its May Day greetings to the working class and the poor of...
BA sacks 12,000 workers while Unite and the GMB register their...
THE GIANT Unite and GMB trade unions have greeted the news that British Airways is to make 12,000 workers redundant with shock, dismay and...
Iraq sets timetable for withdrawal of US troops
THE SPOKESMAN for the Commander-in-Chief of the Iraqi Armed Forces says the Baghdad government is serious about implementing the parliament’s resolution concerning the withdrawal...
The Death Agony Of Capitalism! Time For The Working Class...
ON MONDAY night, US President Donald Trump announced via a tweet that he would stop all applications from foreign nationals seeking permanent residence in...
LGA Warns ‘Extreme Cost-Cutting’ Is Destroying All Services!
THE LOCAL Government Association’s (LGA) Richard Watts has written to Tory Local Government Secretary Robert Jenrick (of the two houses) warning against ‘extreme cost-cutting’...
Us Capitalism Is On The Rocks! The US Working Class...
US PRESIDENT Donald Trump yesterday unveiled his three-phase plan for opening up businesses in America proclaiming, ‘We’re starting our life again. We’re starting rejuvenation...
The Crisis Of Capitalism Is Making It Clear That The Working...
BRITAIN is in the grip of the deepest recession since records began putting the country on course for the biggest economic collapse since 1709...
The Eurozone Commits Collective Suicide!
THE Eurozone committed ‘collective suicide’ last week when EU finance ministers met and agreed a deal that they heralded as a historic breakthrough in...
Sanders concedes – Forward to the American socialist revolution
LAST WEDNESDAY, the US ‘democratic socialist’ Senator Bernie Sanders announced to his supporters that he was quitting the race to become the Democratic candidate...
Time To Put Demoralised Capitalism Out Of Its Misery With A...
‘THOSE of us in the economic realm must navigate blindly through the fog. We face a plausible spectrum ranging from V-shaped relief to L-shaped...
PM Johnson In ‘Intensive Care’ And Labour Is Ready For A...
PRIME Minister Boris Johnson is now in intensive care at St Thomas’ hospital, laid low by the coronovirus, perfectly reflecting the state of British...
Starmer Congratulated By Union Leaders, Now Awaits His National Service Government...
THE election of Starmer as Labour leader has been cheered to the rooftops by both the trade union bureaucracy and the Tory Party-supporting media.
His...
Capitalism Is Set To Destroy Small Business And Then Turn The...
A FIFTH of all UK small and medium sized businesses are set to close permanently over the next four weeks as they run out...
A Fifth Of Small Businesses Are Going Under
A FIFTH of all small and medium-sized businesses in the UK are unlikely to get the cash they need to survive the next four...
EU split and breaking up – Forward to the United Socialist...
LAST THURSDAY, the 27 heads of the European Union held a video conference call to decide the EU’s economic response to the coronavirus pandemic.
The...
China shows the way to defeat the coronavirus plague – while...
THE creator of the Universal Credit onslaught against the working class and the poor, Iain Duncan Smith has launched an attack on China in...
Johnson goes down with coronavirus – plunging his anti-working class regime...
THE TRADE union leaders and the Labour Party are currently cementing their role as the most enthusiastic would-be partners of the Tory government and...
‘End US-sponsored Saudi aggression and blockade’ say Houthis
THE HOUTHI Ansarullah movement says any political solution to the Yemen conflict should begin with an end to the US-sponsored Saudi military aggression and...
ASSAD MEETS RUSSIAN DEFENCE MINISTER SHOYGU –both sides agreed on next...
SYRIAN President Bashar al-Assad on Monday received Russian Defence Minister Sergey Shoygu and an accompanying delegation.
The two sides discussed the Russian-Turkish agreements reached on...
14-DAY LOCKDOWN IN PALESTINIAN WEST BANK –as Palestine confirms 59 coronavirus...
Life came to a standstill in all West Bank cities and towns on Monday as the curfew and strict lockdown Palestinian Prime Minister Mohammad...
China will send medical experts & equipment to Serbia – and...
CHINA will provide Serbia with assistance in protective equipment and medical instruments, and send a group of medical experts to help it better contain...
Tories Have Just Borrowed Billions While Doctors Say That They Are...
PM JOHNSON has put the blame for the coronavirus firmly on the people, when he warned on the TV that the NHS could be...
US Fed’s third emergency programme in 2 days fails to stop...
THE US Federal Reserve announced late on Wednesday the third emergency programme in two days in an increasingly desperate and futile attempt to avoid...
BofE cuts interest rates to 0.1%
THE BANK of England cut its base rate to a record low of 0.1%, a sliver above zero, warning the coronavirus pandemic will result...
Royal Mail workers must set the date for their all out...
ON TUESDAY, postal workers delivered a massive 94.5% YES vote to strike in defence of their jobs, pay and conditions and the very existence...
US Fed emergency rate cut fails to halt crash – only...
FOR THE second time in less than two weeks the US Federal Reserve slashed interest rates to near zero on Sunday, a desperate last...
Tories to bail capitalism out, while leaving workers and their families...
GLOBAL stock markets crashed on Thursday, the biggest single day fall in history. This is the historic crisis of capitalism, its death agony. The...
Sack TUC traitors who collaborate with Tories and bosses – Build...
CHANCELLOR Rishi Sunak opened his Budget speech on Wednesday with an appeal to ‘put aside party politics, and act in the national interest’ in...
Trade union leaders divided over Tory Budget!
THE TRADE union leaders are divided over the Tory Budget.
‘Today’s Budget u-turn on spending is long overdue’ says the TUC, forging a partnership with...
Chancellor warns of ‘significant disruption!’
TORY Chancellor Rishi Sunak has unveiled a £30bn Budget package to try to keep UK capitalism from being bankrupted and broken apart by the...
After A Decade Of Savage Austerity The Tories Propose A Massive...
THE NEW Tory chancellor of the exchequer, Rishi Sunak, yesterday painted a picture of British capitalism as fundamentally ‘robust’ while the NHS was ‘sound’...
Capitalism being torn to shreds by coronavirus – forward to world...
CORONAVIRUS sent the world’s stock markets crashing when they opened yesterday morning, with £100 billion wiped off the value of London’s top listed companies.
Leading...
‘OPEN THE DOORS TO THE REFUGEES’ – urge 20,000 marchers in...
‘OPEN the doors to the refugees,’ demanded 20,000 marchers in Athens on Thursday.
Some 20,000 people marched through Athens on Thursday night calling for the...
Flybe collapse just the start! Coronavirus has brought the crisis of...
LOW-COST British airline Flybe has collapsed with the loss of 2,000 jobs. The pilots union BALPA has put the blame squarely on the Tory...
JLR seeks £2bn government loan!
JAGUAR Land Rover (JLR) has been in talks with the government for weeks to secure a loan of £2bn, to prevent mass sackings following...
