Tag: banks
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...
Zimbabwe rulers brand ZCTU unions ‘terrorist organisations’
THE UNI Global Union has condemned ‘in the strongest terms’ the labelling of the Zimbabwe Congress of Trade Unions (ZCTU) as a terrorist organisation...
Lebanon rises up after government ‘negligence’ kills 154! Socialist...
THE LEBANESE bankers’ state has collapsed, undermined by the worldwide capitalist crisis which has plunged the country into a desperate situation of bankruptcy, mass...
Socialist revolution is the only answer to unemployment of ‘biblical proportions’
AS THE END of the Tory furlough scheme looms, the reality of millions of workers being thrown on the scrapheap in the coming months...
Gold hits over $2,000 an ounce as the capitalist robbers seek...
ON TUESDAY the price of gold hit a record high of $2,000 (£1,530) an ounce, an increase of more than 30% this year.
According to...
42,000 BA Workers Are Being Threatened With New Contracts Today!
THE LEADER of the Unite trade union, Len McCluskey, said on Monday that the deal offered to British Airways’ pilots would be acceptable to...
Lebanon’s foreign minister quits while financial crisis rages!
LEBANON’S Foreign Minister Nassif Hitti submitted his resignation to Prime Minister Hassan Diab on Monday in protest at what he described as the government’s...
WALSH SLAPS DOWN UNITE AND McCLUSKEY – Trade unions must call...
THE Unite general secretary Len McCluskey has urged BA to step back from its ‘opportunistic fire and rehire’ plans, which will send thousands of...
US economy shrinks by 32.9% as Trump tries to call off...
THE US GROSS domestic product (GDP) in the biggest economy in the capitalist world, has plunged by a titanic 32.9% in the second quarter,...
The working class will refuse to bail out the banks –...
LLOYDS Bank, Britain’s biggest high street lender, yesterday announced that its profits for the first half of 2020 had been wiped out and that...
South Africa: ‘A society that has become the most unequal in...
‘THE South African Federation of Trade Unions (SAFTU) has consistently opposed the need to borrow from the international financial institutions for reasons we will...
After The Care Homes Massacre – Kick The Tories Out Now!
THE damning report released yesterday by the Public Accounts Committee on the effect of Tory policies towards the elderly in care homes came as...
Zimbabwe trade unions marching against corruption arbitrary arrests and abductions
ZIMBABWE Congress of Trade Unions (ZCTU) president Peter Mutasa says the labour body will announce a series of dates for fresh protests after tomorrow’s...
EU tearing itself apart while British capitalism collapses under a sovereign...
On Friday EU leaders gathered for a three-day summit to agree on a proposed £1.6 trillion financial plan to bail out the national states...
Sinn Fein – Waiting For UK To Hand Back The North!
By Jim Graham
FOR Marxists, Irish liberation and Irish Freedom have always been a burning issue, since the period of the industrial revolution when the...
Is the Irish Political Duopoly like Partition coming to an end?
DISCUSSION ARTICLE
BY FRA HUGHES
IN BELFAST
IRELAND has been partitioned North from South for nearly 100 years. 2021 will mark the centenary of the formation of...
Ruling class prepared to dump weak Johnson and move to dictatorial...
THIS WEEK the Tories were warned by leading financiers and bankers that a quarter of a million firms in the UK will be crushed...
Youth unemployment at 20% – in some parts of the UK:...
FIGURES released yesterday by the Office for National Statistics (ONS) show that the number of workers on UK company payrolls fell by 649,000 between...
Now is the time to defend the Chinese revolution!
THE US House of Representatives has hit out at what the US ruling class considers to be its major enemy, the People’s Republic of...
TUC Proposes A Labour Front With The Tories
WITH great fanfare the Tories have announced that they are following in the footsteps of President Roosevelt who, in 1933, launched the ‘New Deal’...
Postal workers, bus drivers and students in US support ‘Black Lives...
AMERICAN postal workers in Minneapolis are saying Black Lives Matter as over 400 local trade unionists signed a petition calling on workers to resist...
IMF: World faces £9.5tn Covid bill as capitalism crashes into bankruptcy
THE International Monetary Fund (IMF) warned yesterday that the Covid-19 crisis could cost the global economy a staggering £9.5 trillion in the biggest hit...
SA education unions demand suspension of schooling – as 10,000 schools...
LESS than two weeks after schools re-opened in South Africa, there have been growing calls to suspend schooling as many schools have recorded positive...
Unite-Gmb Appeal To Tories To Save Workers’ Jobs!
THE UNITE and GMB trade unions have appealed to the government to announce a bespoke financial package to save the beleaguered aviation industry.
The two...
Capitalism about to bounce over the edge of the precipice!
IN THE week that Boris Johnson boasted that the lifting of coronavirus lockdown measures heralded the start of the economic ‘bounce back’, it became...
Javid Warns Against Any Attempt To Return To Austerity!
FORMER TORY Chancellor Sajid Javid has warned against a return to austerity as the bankrupt UK economy plunges into a historic disaster with its...
Kick out TUC leaders who refuse to fight mass unemployment –...
INTERVIEWED on Sky’s Sophy Ridge programme on Sunday, TUC general secretary Frances O’Grady appealed for the Tories to unite with the TUC, saying: ‘Let’s...
National Audit Office Says Families Will Live In Fire Deathtraps Until...
IT HAS been three years since the horrific Grenfell fire which killed 72 men, women and children. Three years and there are still seven...
A desperate Bank of England pumps another £100 billion of free...
THE BANK of England (BoE) yesterday unleashed another round of Quantitative Easing (QE), adding another £100 billion to the amount of ‘free’ money they...
Tories Want To Go From Starving Children To Pauperising Pensioners!
THIS week Tory prime minister Boris Johnson was forced to make a humiliating retreat over free school meals following a campaign led by the...
Brazilian meat and poultry workers defeat government attempt to cut safety...
AN IUF global union statement last Friday reminded that a determined campaign by IUF affiliates and allies has beaten back a government attempt to...
Rashford forces Tory U-turn over free school meals
OVER a million children suffering in dire poverty in the UK will now get free school meal vouchers during the holidays, after a successful...
No escape for capitalism as stock markets crash
ON THE very day that Boris Johnson hailed the start of the economic bounce-back for capitalism with a return to work, the international stock...
Tories rip up workers health and safety as their bankrupt economy...
TORY CHANCELLOR Rishi Sunak did the rounds of press interviews yesterday preparing the way for today’s reopening of non-essential shops and businesses and he...
UK economy collapses 20.4% in a month! Time to expropriate the...
A SHATTERING collapse of the British economy has taken place. It has fallen 20.4% in a single month, in April, and it is still...
US heading for revolution!
THE US coronavirus epidemic surpassed two million infections on Wednesday while health officials said that many new infections are likely as a result of...
World Bank Predicts Widespread Economic Destruction Ahead!
THE WORLD Bank stated yesterday that 90% of the world’s economies have been plunged into a slump by the coronavirus pandemic, inflicting global carnage...
No bailout of capitalism – expropriate the main industries and banks!
YESTERDAY the UK’s three biggest airlines launched legal proceedings in a bid to overturn the government’s new quarantine rules that require air passengers from...
Kick out trade union leaders collaborating to impose job and...
THE ENGINEERING giant Rolls-Royce which manufactures jet engines this week confirmed that it will slash 3,000 jobs across the UK.
Already Rolls-Royce has begun the...
Tories Reeling From Crisis To Crisis While Lapdog Starmer Complains Johnson...
AS THE Tories reel from one crisis to another over their handling of the coronavirus pandemic that has so far led to over 380,000...
Trump sends in US military
US PRESIDENT Donald Trump on Monday said he would deploy the US military to US states that don’t use the National Guard in sufficient...
Tories lay groundwork for police military dictatorship to force a return...
THE INSTITUTE of Directors (IoD) has warned that 250,000 businesses could sack workers as the Tory chancellor Rishi Sunak runs down the furlough scheme.
Sunak...
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...
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...
