Tag: banks

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...

Yesterday, the Daily Telegraph reported that an executive at banking giant ING has said that the US Federal Reserve (Fed) could be forced to...

THE GUARDIAN newspaper on Sunday reported in an exclusive analysis of the extent of private equity companies takeover of UK public services found that...

CUTS to infrastructure projects like roads and school repairs threaten 10,000 UK jobs following outgoing PM Keir Starmer’s decision to cut billions of pounds...

British families have experienced the biggest fall in wealth since the pandemic, according to yesterday’s report from banking group UBS. According to UBS, the average...

Millions of households across the UK will be pushed into fuel poverty as energy bills for the average family rise by over £220 a...

THE Bank for International Settlements (BIS), known internationally as the ‘central bank for central banks’, issued an apocalyptic warning on Sunday that the global...

ELON MUSK, the world’s first dollar trillionaire, set another record this week when he became the biggest ever loser of personal wealth on record. Musk’s...

THE Labour government is considering a plan to impose state regulation of journalists and newspapers! Culture Secretary Lisa Nandy has published preliminary proposals that would...

PALESTINIAN Prime Minister Mohammad Mustafa said yesterday that security, stability, and peace in the region can only be achieved through ending the Israeli occupation...

YESTERDAY morning Keir Starmer announced his resignation as prime minister and leader of the Labour Party in a speech that consisted of him listing...

VOTERS in Thursday’s Makerfield by-election elected Labour’s Andy Burnham, Mayor of Greater Manchester, with a majority of 9,231 (55 per cent), doubling Labour’s previous...

DONALD TRUMP has signed the memorandum of understanding ending the war on Iran, as Iranian retaliation hammered global markets and dwindling stocks of interceptors...

SHOCK waves from the double cabinet resignations of Defence Minister John Healey and Armed Forces minister Al Carns on Thursday have hit Westminster and...

LATE on Wednesday evening Space X, the company owned by multi-billionaire Elon Musk, announced its plans to float on the stock market next week,...

THE governor of the Bank of England, Andrew Bailey, this week issued another warning that the UK economy risks being in a ‘vicious circle’...

‘CHANCELLOR Rachel Reeves’ tax raids destroy jobs’, warned a report by The British Chambers of Commerce (BCC) yesterday. Unemployment will jump by 400,000 under Labour,...

LABOUR Chancellor Rachel Reeves has commissioned a research paper from the British Infrastructure Taskforce, a group made up of major private investors, to investigate...

THE BANK OF ENGLAND is now paving the way for the release of billions of pounds of paper currency into the collapsing UK economy...

THE Iranian foreign ministry denounced the attack carried out by the US early on Tuesday morning as ‘an act of bad faith’ and a...

NURSES are ‘not afraid to strike’ over promised pay upgrades, the Royal College of Nursing union warned James Murray, the new Labour Health Secretary...

THE Governor of the Bank of England, Andrew Bailey, has just issued a warning to the Chancellor Rachel Reeves against capping supermarket food prices. He...

The International Monetary Fund (IMF) this week joined in the chorus of bankers, speculators and capitalist financiers warning the Labour government that it must...

ANDY BURNHAM’S bid to challenge PM Keir Starmer for the Labour Party leadership late Thursday, following Wes Streeting’s resignation as Health Secretary, has ignited...

THE ECONOMIC collapse of weak British capitalism has been accelerated this week by the political ‘death spiral’ of Labour Prime Minister Keir Starmer. At yesterday’s...

Prime minister Keir Starmer delivered what was described as a make-or-break speech yesterday morning in an increasingly desperate attempt to cling on to power...

THE UK economic think-tank, the National Institute of Economic and Social Research (Niesr), this week issued yet another warning that the US-Israeli war on...

ALARMED by the impending crash of over-valued world stock markets, the deputy governor of the Bank of England (BoE) warned investors yesterday to prepare...

STARMER’S government is splitting apart, as Labour MPs turn on the prime minister, accusing him of creating a ‘toxic culture’, after the latest development...

PRIME minister Keir Starmer appeared before the House of Commons on Monday to try to placate Labour MPs and the public over the crisis...

THE political crisis engulfed Labour PM Keir Starmer yesterday over ‘being incompetent, gullible or a liar’, and misleading parliament over the appointment of Peter...

IRELAND this week has erupted in a confrontation between workers and the Irish government over soaring diesel and petrol prices resulting from the US-Israeli...

THE rapidly developing crisis within the so-called ‘shadow banking’ industry will result in a massive and dramatic catastrophe that has the power to ‘destroy...

US PRESIDENT Trump has hailed as ‘one of the most daring search and rescue operations in US history’ the extraction of the injured weapons...

FIVE WEEKS ago, falling interest rates seemed a certainty after Andrew Bailey, the Governor of the Bank of England, had signalled that lower borrowing...

THE Bank of England has issued a warning that Britain faces a financial crisis that would see households battling against much higher borrowing costs...

LABOUR Party leader and Prime Minister Sir Keir Starmer has given the BMA doctors a 48-hour ultimatum that they must call off their ‘reckless’...

YESTERDAY the BBC published on its website an interview with Larry Fink, boss of the US financial giant BlackRock, in which he gave the...

HUNDREDS of thousands of Iranians marched defiantly in Tehran and other Iranian cites yesterday in solidarity with Palestine against Israeli genocide, for a Palestinian...

HOME SECRETARY Shabana Mahmood has issued a ban on what she calls a ‘hate march’, that is the Al Quds Day Protest on Sunday...

IRAN’S Supreme Leader Ali Khamenei has been killed and in fact murdered in a major assault on Iran by Israel and the United States,...

TRUMP’S rosy picture is disconnected from workers’ reality, the AFL-CIO trade union federation says. Tuesday’s statement from AFL-CIO President Liz Shuler on President Trump’s State...

INTERNATIONAL Business Machines (IBM), the giant US manufacturer of corporate computers suffered a massive drop in its share price on Monday as panic surrounding...