Tag: banks
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...
COSATU president celebrates Workers Day on May 1st
The Congress of South African Trade Unions (COSATU) President Zingiswa Losi delivered a Workers Day Speech on May 1st.
‘My fellow South Africans, President Cyril...
Overthrow bankrupt capitalism with socialist revolution! – demands WRP May Day...
‘IT IS our international duty to organise the overthrow of the capitalist system here in Britain,’ WRP General Secretary Frank Sweeney told the 100-strong...
TIME TO GET RID OF THE CRISIS-RIDDEN CAPITALIST SYSTEM – WRP’s...
THE NEWS LINE Editorial Board sends its May Day greetings to the working class and the poor of the world who are confronting a...
CWU Demands Criminal Investigations Into Persecution Of Postmasters! Workers Must Demand...
THE CWU postal workers trade union yesterday insisted that criminal investigations must take place ‘into senior Post Office figures who oversaw the criminalisation of...
720,000 UK companies on verge of collapse putting 10 million jobs...
AS THE DATE for the Tory government to end its financial support to British companies looms so the warnings about a cataclysmic crash of...
Youth &workers need British socialist revolution as they bear the brunt...
YOUNG people are bearing the brunt of the jobs crisis. Under 35s accounted for 80% of the 811,000 payroll jobs lost in the UK...
‘Cronyism and sleaze’ engulfing Tories, as bankrupt capitalism collapses. Forward...
SINCE GREENSILL Capital collapsed last month, all that is rotten throughout Parliament has been stirred up and has bubbled to the surface. The collapse...
Ex Bank of England boss demands let ‘zombie’ companies crash to...
FORMER Bank of England governor Mervyn King this week called for heavily indebted ‘zombie’ companies to be allowed to ‘disappear’ taking with them, although...
Tories mired in scandal over Cameron and Greensill as financial collapse...
THE MOST recent development in the collapse of Greensill Capital has been the revelations of all the lobbying for government bail-outs by ex-Tory prime...
SAFTU demands expropriation of the land without compensation! 72 per cent...
TUESDAY 6th April, marked the 369th anniversary of the arrival of Dutch settlers in South Africa. The first settlers aimed at establishing trading posts...
3-quarters of medium-rises use combustible material!
THREE-QUARTERS of cladding systems on new medium-rise buildings use combustible materials, data show.
These include 76 schools, 25 hospitals, nursing homes, hospices and older people’s...
Corporations and businesses face bankruptcy across UK & Europe as loan...
A WAVE of companies across the UK and the rest of Europe will be forced into bankruptcy as new figures show that the default...
One year since the first Covid-19 lockdown on 23 March 2020!
ON 23 March 2020, Boris Johnson outlined measures to stop the spread of Covid-19, with a series of stop-go lockdowns.
Since then, of the major...
PM Johnson wants a nuclear rearmament drive to confront China!
WITH Britain in a major economic and political crisis the Johnson government is not only preparing for a war with the UK working class,...
Bank of England has no tools to prevent capitalism crashing –...
ANDREW Bailey, the governor of the Bank of England, used an interview on the BBC yesterday to once again insist that British capitalism is...
200 jobs to go at Aston Martin
THE UNITE union has expressed its ‘deep concern’ at management proposals to axe more than 200 jobs at the Aston Martin site in the...
Collapse of Greensill Capital – another Lehman Brothers crisis!
THE COLLAPSE of Greensill Capital, a finance company which acted as a massive lender to companies, has sent shock waves throughout the UK steel...
TUC unites with bosses to plead with Tories for aviation bail-out...
YESTERDAY the TUC joined with aviation bosses and Heathrow management in a joint statement calling for the Tories to ‘protect the UK’s vital aviation...
Tories have insulted NHS workers by ‘rewarding’ them with a 1%...
NURSES, midwives and NHS workers around the country are enraged by the Tory plan set out in the Chancellor’s budget to ‘reward’ them with...
French Unions Call Equal Pay Strike On March 8
FRENCH trade unions have called on workers to mobilise and strike on March 8th to demand equal pay for women and men.
The CGT trade...
Tory split emerges with demands on Johnson for a budget that...
IN ADVANCE of the budget next week, former Tory chancellor Philip Hammond delivered a shot across the bows of the Tory government with a...
SAFTU calls general strike to highlight that ANC policies are responsible...
HUNDREDS of thousands of workers across South Africa downed tools on Wednesday, February 24, as a part of a general strike called by the...
World debt is leading to hyper-inflation and a socialist revolution!
AN ARTICLE in Wednesday’s Daily Telegraph by its chief economics commentator, Ambrose Evans-Pritchard, highlighted the inevitable consequences following the massive amount of borrowing carried...