Tag: banks

LABOUR chancellor John Healey opened his budget speech saying that the UK faced ‘global economic storms’ and that the Office for Budget Responsibility (OBR)...

LABOUR Chancellor John Healey delivered a bosses’ and bankers’ budget yesterday, opening with a warning that ‘what we face today are global economic storms’. Fearful...

Yesterday, extreme right-winger Flávio Bolsonaro conceded defeat to Lula da Silva in the Brazilian presidential election. Bolsonaro had originally reacted to the defeat by claiming...

WITH just a week to go to the Budget official figures have confirmed that the National Debt has risen to more than £3 trillion...

BRITAIN’S national debt increased to over £3 trillion last month, rising to £3.005 trillion, according to the Office for National Statistics (ONS). This historic high...

FRIDAY’S Daily Telegraph was full of praise for Labour Chancellor John Healey’s remarks on the British banks, describing the current banking bankrupts as part...

CENTRAL bankers and leading finance leaders from across the world gathered in Bangkok this week for the annual meeting of the International Monetary Fund...

The Institute for Fiscal Studies (IFS) yesterday issued a blunt warning that Labour Chancellor John Healey’s budget, due on October 28, will be a...

MORE than 300,000 workers, students and youth marched through London for Palestine on Saturday, marking the third anniversary of the 7th October 2023 launch...

CHANCELLOR John Healey used his speech on Monday to the Labour Party conference to promote the fantasy that the Burnham government would usher in...

ON FRIDAY, the Trades Union Congress issued a report highlighting the crisis facing millions of workers resulting from the massive increase in energy bills...

FOUR Palestinian resistance operations targeting Israeli settlers and occupation forces have been reported across the occupied West Bank within 72 hours, amid an escalation...

THE CRISIS engulfing world capitalism is causing panic amongst the leading global capitalist financial experts which is finding expression on the pages of the...

JERUSALEM – Gaza’s Health Ministry has warned that the Strip’s healthcare system is being pushed towards total collapse, with more than 70% of the...

ON WEDNESDAY, Labour’s Chancellor John Healey announced that he has appointed TUC general secretary Paul Nowak to the board of the Bank of England. Healey...

THE health and humanitarian sectors in the Gaza Strip are heading for collapse, with international and humanitarian institutions reducing some of their services at...

FOREIGN Secretary Ed Miliband told the House of Commons on Tuesday that Israeli ‘settler terrorists’ are carrying out ethnic cleansing in the West Bank...

THE Governor of the Bank of England, Andrew Bailey, warned on Tuesday that the unprovoked, illegal war on Iran by the US is having...

FOREIGN Secretary Ed Miliband said yesterday that Britain ‘could not simply stand by because we feared Israeli reaction’. This was after Israel ordered the closure...

A WELL attended 200-strong pro-Palestine Festival was held on Sunday to celebrate the 2nd anniversary of the Community Camp 4 Palestine (CC4Pal) opposite the...

THERE was another very well-attended picket line outside the Young V&A Museum in Bethnal Green on Saturday, with loud chants of: ‘What do we...

‘BRACE, BRACE FOR IMPACT, a financial tsunami is heading for Britain, threatening to sweep away Andy Burnham’s premiership before it even gets started.’ This...

Yesterday, UK borrowing costs hit the highest level since the 2008 international banking crash as the bond market continued to sell off government bonds...

Prosecutors will attempt to establish a ‘terrorism connection’ against seven Palestine Action activists charged with malicious damage over a protest at Donald Trump’s Turnberry...

TEHRAN – Iran has warned every state in its region that joining Washington’s economic offensive will be treated as an act of enmity, threatening...

LAST week, the US national debt hit over $40 trillion causing panic amongst central banks, and economists across the world. It is not just the...

Hundreds turned out at Preston Crown Court on Friday to support five members of the Palestine Action group convicted over an attack on a...

THE CRISIS OF CAPITALISM, in reality its death agony, is now being played out all over the capitalist world with headlines screaming out that...

UNITE members on strike at the Institute of Cancer Research in Chelsea say they are confident of winning their pay dispute. ‘We rejected the management’s...

GOVERNMENT borrowing across the most advanced capitalist nations in the world has been hit with the highest interest rate increases in decades, as the...

Federal agents launched a sweeping undercover surveillance operation earlier this year targeting progressive organisations, labour unions and other groups protesting against the immigration crackdown...

DAYS after three-quarters of Britain was officially declared to be suffering from drought, plans have emerged that will allow the privatised water companies to...

The recent extreme heat waves that have swept across the UK and Europe and the accompanying droughts are putting Britain at risk of its...

Yesterday, the Telegraph newspaper confirmed a massive milestone in the collapse of British capitalism into bankruptcy when it pointed to the latest official figures...

THE amount withdrawn from equity funds last month was £1.6bn as the bosses panicked that PM Burnham will be forced to put up taxes....

THE UK’s National Debt has risen to more than £3 trillion after the UK government was forced to borrow much more than it had...

JUST two weeks after the installation of ex-Manchester mayor Andy Burnham as PM, to save collapsing British capitalism from drowning in debt, Labour is...

Newly-installed Labour prime minister Andy Burnham told the BBC that ‘the NHS will collapse’ if social care is not reformed before adding that he...

PRESIDENT TRUMP on Saturday stated that he is close to deciding whether to launch ‘a massive attack’ against Iran. Speaking to the Axios news site,...

BY FATEMEH SAHRANESHIN IN BANDAR ABBAS FOR an Iranian family, social welfare is rarely defined by a single payment or a single government programme. It may...

ROLLS-ROYCE has issued an ultimatum to the just formed Burnham Labour government that it must back a £3bn plan for new short-haul jet engines...

On Monday morning, Keir Starmer left 10 Downing Street to make way for his appointed successor as Labour Prime Minister, Andy Burnham, who immediately...

LABOUR leader Burnham said yesterday that he had still not decided who will be in his Cabinet, ahead of him taking over from Sir...

JUST days before Andy Burnham is installed as PM on Monday, amid much speculation and lobbying about the future policies and the personnel of...

BRITAIN'S biggest water firm, Thames Water, has just awarded its chief executive Chris Weston a pay rise that has pushed his salary to £1.16...