Tag: banks
Thousands denied benefits now driven to food banks!
THOUSANDS deemed ineligible to receive Universal Credit have been driven to food banks to survive.
The new study published yesterday by the Economic and Social...
UK capitalism is being torn apart politically and economically
THE CRISIS restrictions on Greater Manchester by the Tories reveal that the collapse of British capitalism has reached such a point that the unity...
Johnson Imposes Tier 3 On Manchester
TORY PM Johnson announced yesterday the government will impose the strictest measures – a Tier 3 lockdown – on Manchester, despite Greater Manchester Mayor...
‘Unprecedented economic uncertainty in the UK’ BoE
BANK of England (BoE) boss Andrew Bailey has said the UK faces ‘an unprecedented level of economic uncertainty.’
Britain’s economy shrank by 20% in the...
IMF warns of devastating recession worldwide – forward to world socialist...
THE INTERNATIONAL Monetary Fund (IMF) this week issued a grim warning of worldwide recession with global debt reaching a staggering record of £64 trillion.
In...
Grim prospects for capitalism warns IMF
THE INTERNATIONAL Monetary Fund is projecting a deep recession in 2020, with global growth projected to be -4.4% in its latest update to the...
Second wave drives deaths up by 98%! Get rid of capitalism...
THE SECOND wave of coronavirus has hit the UK with devastating consequences, and the Tory government’s efforts at bringing in measures to curb the...
Unite Cuts Its Labour Party Funding. The Trade Unions Need A...
IN HIS speech to the Tory party conference on Monday, chancellor Rishi Sunak pledged to ‘use the overwhelming might of the British state’ in...
Tory contempt for working class as Sunak offers ‘work coaches’ to...
YESTERDAY Tory chancellor Rishi Sunak unveiled his new Job Entry Targeted Scheme (JETS) that he claimed will ‘provide fresh opportunities to those that have...
OBR predicts 4 million unemployed – as Furlough scheme begins winding...
AS OF YESTERDAY the Tory government’s contribution to furloughed workers’ wages was cut, marking the beginning of the end of the scheme – with...
Macron desperate to reassert French imperial rule in Lebanon
FRENCH president Emmanuel Macron stepped up his blatant interference in Lebanon on Sunday when he issued Lebanese politicians an ultimatum that they must form...
Bankrupt British Bosses Declaring War On Workers, Students And Youth!
THE UK government borrowed £35.9bn in August, which was £30.5bn more than it borrowed in August last year. Borrowing between April and August totalled...
To End The Covid-19 Crisis The Trade Unions Must Bring Down...
TORY HEALTH SECRETARY Hancock yesterday said of the Covid-19 crisis that Britain was facing a ‘tipping point’ and ‘we have a choice’. It turns...
Unite Betrays BA Workers – Demand Emergency Conference Of Union To...
LAST Wednesday Howard Beckett, Unite union assistant general secretary, welcomed as a victory for the union British Airways ‘partial U-turn on fire and rehire’.
Beckett...
Bank of England & US Fed continue to pump out free...
YESTERDAY, the Bank of England announced that it will be keeping interest rates on hold at the historical low of 0.1%.
This was the unanimous...
Tories ‘sidelining NHS’ is the cause of testing crisis – time...
WITH coronavirus cases continuing to rapidly increase day on day as a result of the Tories’ campaign to drive the reopening of workplaces, schools...
Quit the EU now – defend jobs, forward to socialism!
A PROPOSED law giving PM Johnson’s government the power to reject parts of the Brexit agreement with the EU passed its first reading in...
Hands off Palestine – no annexations! Arab workers must remove ‘recognition’...
FOLLOWING the refusal of the Arab League to condemn the UAE for its recognition of the state of Israel, Bahrain has now followed the...
Leave The EU Now! Call A General Strike To Defend Jobs!...
THE UK’s negotiator with the EU, Lord Frost, has said that there is still time for the UK and the EU to agree a...
Tories are readying to impose new taxes, and engage in massive...
EARLIER this week, Apple was priced on the US stock market at $2.3tn (£1.7tn), more than the combined ‘value’ of the entire FTSE 100.
The...
Child poverty & food bank use rises!
A SURVEY of UK social workers by the Child Poverty Action Group, Child Welfare Inequalities Project and the Association of Directors of Children’s Services,...
EU & British capitalism collapsing under debt – Forward to the...
THE CRISIS gripping the German economy threatens not just to bring the country down but will complete the crash of the entire eurozone, a...
Only one answer to mass unemployment – Socialist Revolution
WHILE firms and businesses are closing down as furlough ends and millions of workers are being thrown out of work, the Tories launched their...
Capita Closing Third Of Offices
OUTSOURCING firm Capita is to close over a third of its offices in the UK permanently – despite the Tory government launching a new...
Tories split over massive debt crisis! Make the bosses pay for...
THE TORY Party split over how to pay off the massive debt run up bailing out the bosses during the coronavirus pandemic is now...
‘STOP CODDLING ECONOMIC CRIMINALS’ – SAFTU tells South African Treasury
SAFTU (The South African Federation of Trades Unions) has called on the South African Treasury and the Reserve Bank to ‘stop coddling economic criminals...
Middle Class Faces Mass Unemployment. It Must Unite With The The...
THE CRISIS engulfing British capitalism has drawn the organised working class, along with youth and entire sections of the middle class, into the struggle...
UK capitalists on their knees with the deepest recession since records...
OFFICIAL figures from the Office for National Statistics (ONS) released yesterday show that gross domestic product (GDP) fell by 20.4% in the three months...
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...
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...
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...
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...