Tag: banks
Wells Fargo employees ballot for union recognition
In a remarkable series of events, Wells Fargo employees from Albuquerque, New Mexico, and Bethel, Alaska, are spearheading the bank’s first-ever union elections. This historic...
The TUC must answer Hunt’s declaration of a vicious war on...
TORY Chancellor Jeremy Hunt’s Autumn Statement has been derided for its claims to represent a way out of the economic crisis strangling British capitalism,...
New right-wing party to replace Tories being organised as spectre of...
AS THE Tory Party continues to disintegrate by the hour, demands from the ruling class for a new right-wing party to emerge from the...
Sunak speech at Lord Mayor’s Banquet pledges UK support to imperialist...
FRESH from sacking Suella Braverman as Home Secretary in the morning, Prime Minister Rishi Sunak turned up on Monday evening to deliver a speech...
‘End this war and implement a ceasefire or you will be...
IRAN’S defence minister has warned that the United States will suffer a heavy blow if it fails to stop Israel’s savage war against the...
FBU rally condemns 13 years of austerity and launches ‘Firefighters Manifesto’
OVER seven hundred firefighters and control staff assembled in Westminster on Wednesday to launch a new ‘Firefighters’ Manifesto’. As the country recovers from flooding, and...
BofE keeps interest rates at record level and promises further rises!
AS WIDELY predicted, the Bank of England Monetary Policy Committee (MPC) yesterday voted to hold the UK key base interest rate at 5.25% while...
World capitalism at the ‘tipping point’ of collapse – time to...
A RELIABLE gauge of the panic gripping the capitalist class over the fast developing world crisis of capitalism and its crushing effect on the...
India’s BJP government targeting pro-Palestine protesters
A RELIABLE gauge of the panic gripping the capitalist class over the fast developing world crisis of capitalism and its crushing effect on the...
IMF-US and Global Debt ‘unsustainable’ – socialist revolution only answer to...
THIS week the International Monetary Fund (IMF), the world organisation charged with protecting the international capitalist financial system, held its weekly annual meeting in...
Inflation here to stay and global banking system faces collapse
THE International Monetary Fund (IMF) yesterday produced its latest report on the state of the world capitalist financial system, in which it warned that...
Russia to strengthen global role of Latin American countries
MOSCOW will continue supporting efforts to strengthen the global role of Latin America and individual countries in the region, Russian Foreign Minister Sergey Lavrov...
The Treasury and the Banks are in a panic over the...
UK Treasury officials are locked in talks with the Bank of England after Metro Bank’s shares plunged by more than 31%. The bank is now...
Capitalism facing ‘impending global disaster’ – time to put it out...
THE Tory Party annual conference ended on Wednesday with Sunak announcing he was cancelling the Northern leg of HS2 rail network – something that...
BMA Demonstrates At Tory Party Conference
THOUSANDS of NHS workers and many other trade unionists marched to the Tory Party conference yesterday morning to deliver their notice to the Tories...
Capitalism kills – UK death rate increased by Tory austerity war...
ON MONDAY, the BMJ health journal published the results of its research into the impact of the cost-of-living crisis and the austerity policies ruthlessly...
University pickets call for a general strike!
Over 20,000 staff at scores of universities are striking for five consecutive days this week in their fight for pay and working conditions and...
Over 1,000 march for ‘Right to Food’ in Haringey
Haringey Right to Food, organised a Hunger March through Tottenham on Saturday, 23 September. A large crowd gathered outside the Spurs Football Stadium from 12...
Labour plans to use the state’s OBR to hold down workers’...
LABOUR has promised to hand more powers to Britain’s capitalist state, and to the OBR, the Office for Budget Responsibility, to hold down wages...
Bank of England split over interest rates revealing chaos and demoralisation...
THE Bank of England Monetary Policy Committee (MPC) yesterday made the surprise decision to hold UK interest rates at 5.25% instead of the widely...
Bank of England votes 5-4 to keep interest rates at 5.25%
UK interest rates have been left unchanged after the Bank of England said price rises were slowing faster than expected. Interest rates were held at...
Answer Tories’ ‘war to finish’ on trade unions by demanding the...
YESTERDAY, NHS consultants began a 48-hour strike that has propelled a head-on confrontation between doctors and their union, the BMA, and a Tory government...
TORIES DECLARE WAR ON BMA! –TUC must call a general strike...
'WE are striking to defend the NHS,’ consultants told News Line on their picket lines as Tory Health Secretary Barclay issued a declaration of...
Bankrupt Britain must take the revolutionary road – Make the TUC...
THE leader of Birmingham City Council has apologised to the people of the city and insisted he had ‘no prior notice’ or knowledge of...
Tories split and turn on each other while TUC Congress refuses...
THE Tory Party is now split and divided as the world- wide capitalist crisis deepens and the weakness of the imperialist powers becomes more...
TUC – call a general strike now to smash the Strikes...
THERE was a powerful Workers Revolutionary Party and Young Socialists lobby of the TUC Conference in Liverpool on Monday morning, where delegate after delegate...
The TUC calls to tax the rich – refuses to call...
On the eve of its Congress, the TUC has called on the government to equalise capital gains tax with income tax which could raise...
Ukrainian corruption erupts into the open
ON SUNDAY, Ukrainian president Volodymyr Zelensky sacked his defence minister Oleksii Reznikov in what has been described as the biggest shake-up of his defence...
Ukraine’s western backers ‘a pro-Nazi coalition’ – says former Russian president...
DEPUTY head of Russia’s Security Council, and Russia’s former president, Dmitry Medvedev has described Ukraine’s Western backers as a ‘pro-Nazi coalition’, dismissing the idea...
Unsafe schools set to collapse! Pupils and teachers are in danger...
YESTERDAY’S Observer newspaper a champion of the rule of the British bosses and bankers, was forced to admit that it had been told by...
Consultants, Junior Doctors and rail workers are in struggle. TUC must...
THE Junior Doctors and Consultants in England, faced with a ruling class that is determined to destroy the NHS, have joined forces and will...
Hands off our ticket offices! – RMT leads march to 10...
Over one thousand angry RMT rail union members and their supporters marched from the Department of Transport offices to Downing Street on Thursday evening...
Trump revels in charges of treason as US is gripped by...
YESTERDAY evening, former US president Donald Trump, accompanied by a US Secret Service Motorcade, swept up to Fulton county jail and handed himself in...
Kick out privatising hospital managers – place NHS under the management...
THE aftermath of the sentencing on Monday of Lucy Letby for the murder of seven babies and the attempted murder of six others at...
UK recession ‘inevitable’ – only socialist revolution can end capitalist crisis
THE FICTION of a ‘light at the end of the tunnel’ for British capitalism is now firmly rejected by even the most loyal of...
The only way to ‘fix’ capitalism is to overthrow it and...
THE euphoria over figures released this week that the UK inflation rate in July had dropped to 6.8%, meaning that prices were shooting up...
Latest inflation figures spur Tories and Bank of England to ramp...
INFLATION figures yesterday, that recorded a drop in the inflation rate to 6.8% in July, have been greeted by the Tories and the Bank...
Inflation still outstripping pay – workers won’t be fooled says Unite...
‘DESPITE Tory claims that the cost-of-living crisis is coming to an end, the truth is that inflation (RPI) is still outstripping wage growth,’ Unite...
Germany crashes into recession – socialist revolution the only answer to...
THE GERMAN economic recession has deepened, with the number of corporate insolvencies in the country sharply increasing in July. Almost a quarter more companies filed...
Bank of England chief economist Huw Pill – sky high...
DURING a public on-line question and answer session on Monday, the Bank of England’s chief economist Huw Pill warned that higher food prices ‘may...
Tories rushing into NHS privatisation, while Labour attacks them for delaying...
THE TORIES are planning to knife the NHS through a massive expansion of the private health sector. The Labour turncoats are meanwhile critical of them...
TUC warns interest rate increases driving unemployment but has no answer...
YESTERDAY the Bank of England hiked interest rates up to 5.25%, the 14th time in a row that rates have been increased as the...
Time For The US Working Class To Dump The Republicans And...
FORMER US President Donald Trump has been charged with illegal plotting to overturn his 2020 election defeat. He is accused of four counts including...
St Mungo’s 10 weeks on strike – as rough sleeping soars
TEN weeks into their indefinite strike for a 10% pay increase, over 200 St Mungo’s homelessness charity workers and their supporters held a festival...
Bank of England appoint Bernanke, the architect of QE, to rescue...
At the weekend, bosses at the Bank of England announced that they had drafted in the ex-chairman of the US Federal Reserve Bank (Fed),...