Tag: banks
Nationalise The Energy Companies – The TUC Must Call A General...
MICHAEL Saunders, a member of the Bank of England’s Monetary Policy Committee (MPC), is warning that households, and million of workers must brace themselves...
Sunak’s speech a declaration of war on workers to make them...
TORY Chancellor Rishi Sunak in his speech to the Tory Party conference yesterday pledged to ‘double down’ on his plans to resuscitate drowning British...
British capitalism hit by unending crisis – put it out of...
WITH the petrol stations closing, British capitalism suffered another shock yesterday when it was announced that the UK’s second biggest oil refinery is on...
‘There is no fuel shortage,’ says Shapps as the bosses shut...
THERE is ‘no shortage of fuel’ and people should be ‘sensible’ and only fill up when they need to, Transport Secretary Grant Shapps said...
Put an end to bankrupt capitalism! Forward to the victory of...
THE CRISIS of capitalism is now acute. It has reached the point of explosion, with its very life blood – gas and electricity now...
A further half a million will be in fuel poverty! warns...
‘THERE is absolutely no question of the lights going out,’ Kwasi Kwarteng, Tory business secretary claimed yesterday
He was making a statement after a number...
400 angry leaseholders rally at Parliament – they demand property owners...
OVER 400 angry leaseholders from the End Our Cladding Scandal campaign, the National Leasehold Campaign rallied in Parliament Square last Thursday demanding an end...
Bank of England under pressure as inflation runs riot – socialist...
THE UK INFLATION rate hit a nine-year high in August with prices increasing by 3.2%, a sharp increase from the 2% recorded in July,...
Tories prepare for perfect storm of anger from workers – General...
AS THE annual conference of the TUC, this year conducted on-line, opens, the GMB union released analysis of official data showing that 100,000 care...
America on verge of bankruptcy US Treasury Secretary warns
US TREASURY Secretary Janet Yellen on Wednesday warned congressional leaders that the Treasury will run out of cash next month and the federal government...
ANC workers demonstrate – two months without pay!
AFRICAN National Congress (ANC) workers are continuing protesting outside party headquarters at Luthuli House in Johannesburg demanding fair labour practices and salary payments.
The ANC...
The only way to ‘fix’ the care system crisis is to...
TORY PM Boris Johnson yesterday unveiled his strategy for ‘fixing’ the country’s ‘broken social care system’.
Central to his plan is to increase National Insurance...
Wall Street heading for a crash
THE US Wall Street is fast heading for a crash according to the Bank of America (BoA) as the huge speculative bubble on the...
Socialist revolution the answer to capitalist crisis
ONE SURE SIGN that capitalism is rapidly heading for an economic crash of historic proportions is the regularity in which increasingly desperate articles are...
Gaza siege ‘creates an atmosphere of escalation and explosion’ says...
THE PALESTINIAN resistance movement Hamas says the Israeli regime must be held fully accountable for any consequences of tightening the years-long all-out siege on...
‘We will not let our enemies vaccinate the people of Iran!’...
ran will only import coronavirus vaccines from countries whose products are certain to be safe, or use vaccines it produces itself, Major General Hossein...
50-years since ending Bretton Woods and the end of the myth...
SUNDAY August 15 marked the 50th Anniversary of the collapse of the Bretton Woods Agreement which shattered any illusions about the ability of world...
Taliban cuts the US-UK imperialist powers down to size – now...
THE US AND UK imperialist powers have just suffered a historic defeat in Afghanistan. Last week, even as they scuttled out of the country,...
Gatwick Airport Faces Default!
GATWICK Airport is in talks with bank lenders to try to avoid defaulting on multi-million pound loans, as Covid restrictions contribute to huge losses.
The...
Unite leaders beg the Tories for permanent furlough! New leadership...
UNITE, with a membership of 1.4 million, wielding the power to strike and shut down vast proportions of industry, has reduced itself to begging...
21 firefighters leave UK to help fight Greek wildfires
TWENTY-ONE firefighters from the UK left yesterday evening for Greece to assist firefighters out there, in an international effort to tackle the raging wildfires.
Tony...
Only A Socialist Revolution Can Save Lebanon From Destruction By The...
ONE year after the explosion that rocked Beirut on August 4, 2020, killing 218 people, injuring more than 7,000 and devastating much of the...
One year after the massive Beirut port explosion the families of...
A YEAR after the massive explosion at Beirut Port devastated the Lebanese capital, the victims’ grieving families are still waiting for answers, accountability and...
Bankrupt capitalism aims to balance the books through foreign aid cuts...
ON TUESDAY, Tory PM Boris Johnson narrowly avoided defeat on a motion to cut UK foreign aid after a rebellion by Tory MPs.
In the...
Tories plan poverty and austerity for workers to bail out...
LAST week, the outgoing chief economist at the Bank of England, Andy Haldane, bluntly warned that the rapid increase in inflation would make the...
Socialist revolution the answer to youth and workers’ jobs crisis
A REPORT yesterday by the Institute of Fiscal Studies (IFS) warns that up to 350,000 youth aged between 19 to 24 face being thrown...
Sunak promises bankers unlimited profits while Haldane warns of economic collapse!
ON WEDNESDAY Andy Haldane, outgoing chief economist at the Bank of England (BoE), delivered a message of doom for the British economy in a...
Kick out TUC leaders who refuse to fight and are begging...
FROM TODAY the Tory furlough scheme starts to unwind with businesses forced to contribute 10% of furloughed workers’ wages, rising to 20% in August...
Second Round French election farce – Forward to the French Socialist...
THE SECOND round of the French regional elections last Sunday confirmed that the French workers have had enough of the bourgeois, Bonapartist, fascist and...
Sajid Javid, the bankers’ man, put in to wage war on...
FORMER Tory Chancellor of the Exchequer Sajid Javid has been installed as Health Secretary to replace the disgraced Matt Hancock, with a remit to...
US Senate agrees $1.2tn ‘coronavirus stimulus’ – US and world capitalism...
THE US Senate finally agreed on a $1.2 trillion infrastructure bill. This huge sum was in fact just half of what Biden wanted –...
Pensioners and workers will unite to demand a general strike to...
TORY Chancellor Rishi Sunak this week put every pensioner in the country on notice that along with workers they will be forced to pay...
Child labourers worldwide increase to 160 million!
THE NUMBER of children in child labour has risen to 160 million worldwide – an increase of 8.4 million in the last four years.
These...
‘UPROOT VIRUS OF OCCUPATION–SANCTIONS NOW!’ – urges the Palestinian Ambassador Husam...
‘IT IS TIME to get serious. It is time to go all the way and uproot the virus of occupation. We demand sanctions on...
Revolutionary General Strike in Greece!
ATHENS – Tens of thousands of workers and students marched in all main cities of Greece last Thursday in a 24-hour general strike against...
Deutsche Bank warning capitalism ‘sitting on a time bomb’ – socialist...
ECONOMISTS at the German Deutsche Bank have issued a report about the inevitable consequence of the US Federal Reserve policy of printing worthless paper...
US multi-billionaires tax revelations will fuel demand for the overthrow of...
TAX RETURNS of America’s richest people have been leaked to the investigative website ProRepublica and prove that the mega wealthy have been paying little...
Kick Out Hancock And The Tories – Forward To The UK...
WHEN The Daily Telegraph headlined on Saturday that ‘Reckless Hancock left care homes to fend for themselves’ the message was clear. It is that...
Tory government responsible for thousands of unnecessary deaths – time to...
YESTERDAY marked the 10th anniversary of the BBC Panorama programme that exposed the shocking treatment of the patients at Winterbourne View, a private hospital...
Forward to Colombian revolution!
COLOMBIA, the country that has been hailed by the US as the second most populous ‘democracy’ in South America and a key partner in...
UK CPI rate increase only the start of inflation spiral
YESTERDAY the Office for National Statistics (ONS) reported that the UK inflation rate had more than doubled in April this year as energy costs...
Eurozone caught in ‘debt trap’ with no way out – Socialist...
THE LATEST dire prediction on the precarious economic state of the eurozone came from three former chief executives of the European Central Bank (ECB),...
SAFTU condemns Israel
JOHANNESBURG – The South African Federation of Trade Unions (SAFTU) condemns the continued attacks on the people of Palestine by the Israeli apartheid forces.
Its...
Tory coronavirus inquiry is an attempt to put off reckoning with...
ON WEDNESDAY, Tory prime minister Boris Johnson announced that there would be ‘a full and independent inquiry’ into the government handling of the coronavirus...
Myanmar Issues 360 Arrest Warrants For Health Workers
The military regime in Myanmar has issued 360 arrest warrants for health workers and charged them under Section 505 of the Penal Code, sentencing...