Tag: banks
‘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...
Unemployment rises to 5.1% as the Tories and bosses move...
THE UK’s unemployment figure rose to 5.1% in the three months to December, a five-year high, official figures from the Office for National Statistics...
Myanmar working class intervene with powerful general strike to bring down...
MYANMAR (formerly called Burma) was brought to a halt yesterday as hundreds of thousands of workers and youth answered the call for a general...
Bankers warn of global debt time bomb. Socialist revolution is the...
THIS WEEK, the global banking body, the Institute of International Finance (IIF), revealed that global debt had shot up to an eye-watering $281 trillion...
Greek students erupt against state controlling universities with riot police
GREEK students fought a pitched battle with riot police in Athens on Wednesday as the Greek parliament debated new laws to station security personnel...
Unite plays ‘vital’ role for bosses in selling out fight for...
UNITE yesterday launched a ‘learning hub, to improve employability’ for its members at Heathrow airport.
Announcing the launching of this ‘learning hub@heathrow’, Unite stated that...
Reports of PM Johnson reducing the private sector in the NHS...
BY RETIRED BMA MEMBER ANNA ATHOW
THE main story on BBC news on Saturday, was that Boris Johnson was proposing to reverse the Cameron health...
EU banker Draghi imposed as Italian Prime Minister in desperate attempt...
BANKRUPT Italian capitalism moved on Tuesday night to cement the dictatorship of the bankers over the country when the president Sergio Mattarela unilaterally appointed...
IMF warns stock markets on verge of collapse – socialist revolution...
IN THE LATEST update of its Global Financial Stability Report, the International Monetary Fund (IMF) is warning that ‘complacent’ financial markets are facing a...
1.72 million jobless! End of furloughing on April 21 will...
1.72 MILLION are now jobless! The Office for National Statistics (ONS) said yesterday it is the highest level in five years.
Workers aged between 25...
World banking crisis driving world revolution!
LAST WEEK the Bank of England (BoE) finally confessed that it doesn’t understand its own quantitative easing programme (QE) – the central, in fact...
STOP UNIVERSAL CREDIT CUT! – Labour insists maintain £20 uplift
‘REDUCING Universal Credit and Working Tax Credit would be fundamentally the wrong decision. It would be a profound mistake and put millions of families...
Tories getting ready for class war! Time for the trade unions...
EVERYBODY knows that the Tory government was completely unprepared for the Covid-19 crisis that erupted in the UK in December 2020.
The Operation Cygnus exercise...
Sunak prepares for war on working class to pay off capitalism’s...
OVER 250,000 small firms and companies are destined to collapse this year according to research carried out by the Federation of Small Businesses (FSB).
Nearly...
Build a revolutionary leadership in the unions
THE CRISIS that has erupted this week over the question of the Tory government’s determination to keep schools open in the face of the...
2021 – Year For World Revolution!
New Year statement by the News Line Editorial Board
THE News Line Editorial Board sends revolutionary greetings for 2021 to all our readers, and to...
UK Workers Are Threatened By Covid-19 Mutations – Trade Unions Must...
HOSPITALS in the south of England say they have seen a ‘real rise in pressure’ as the number of Covid patients needing treatment rapidly...
Tory borrowing breaks all records
GOVERNMENT borrowing broke all records soaring to historic heights in November, figures released yesterday show.
The Office for National Statistics (ONS) said borrowing hit £31.6bn...
Sunak admits ‘borrowing will have to end’ and prepares for war...
IN THE Spectator magazine this week, Tory Chancellor Rishi Sunak broke ranks with the official Tory line that British capitalism could survive by indefinitely...
UK gov is bullying councils to keep schools open – while...
THE Johnson government’s Covid-19 crisis intensified as it ordered London and most of Essex and Hertfordshire to join Tier 3 at 00:01 GMT yesterday.
This...
No Sell-Out Deal With Eu! Forward To Socialism In The UK...
THE government of Boris Johnson has reached decision point over the EU. It is to be made under conditions of a growing and terrible...
‘Hostile environment’ alive & kicking! Tories deport another 13 to the...
A LAST-DITCH legal attempt by two children to stop their father being forced onto a plane and deported to the Caribbean failed on Tuesday,...
Even Tory press admit British capitalism facing ruin – socialist revolution...
IF TORY Chancellor Rishi Sunak harboured any hope that Wednesday’s spending review would reassure anyone that British capitalism could be rescued from complete ruin...
Throw Out Bankrupt Sunak And The Tories With A General Strike!
TORY chancellor Rishi Sunak, at a cabinet briefing before unveiling his latest spending review in Parliament yesterday, warned that the forecast for the UK...
World capitalism facing ‘attack of the debt tsunami’ warn global financial...
A REPORT on Wednesday by the Institute of International Finance (IIF) warned that the world is drowning under an unprecedented and increasing amount of...
Labour right-wing removes whip from Corbyn
BY A UNANIMOUS vote on Tuesday the disciplinary panel of the Labour Party’s National Executive Committee overturned the suspension of former leader Jeremy Corbyn...
Time to put an end to ‘zombie’ capitalism with socialist revolution
STEPHEN Welton, head of the small business investors group the Business Growth Fund (BFG), warned this weekend that the UK economy is in the...
Bank of England to unleash hyperinflation in a desperate attempt to...
REPORTS emerged over the weekend that the Bank of England is on the verge of announcing another massive round of money printing to pay...
UK’s economic, political and health crisis is reaching breaking point! Only...
THE EDITORIALS in Friday’s and Saturday’s Daily Telegraph scream out for action to be taken by Labour leader Starmer to throw Corbyn and his...