Tag: banks

GATWICK Airport is in talks with bank lenders to try to avoid defaulting on multi-million pound loans, as Covid restrictions contribute to huge losses. The...

UNITE, with a membership of 1.4 million, wielding the power to strike and shut down vast proportions of industry, has reduced itself to begging...

TWENTY-ONE firefighters from the UK left yesterday evening for Greece to assist firefighters out there, in an international effort to tackle the raging wildfires. Tony...

ONE year after the explosion that rocked Beirut on August 4, 2020, killing 218 people, injuring more than 7,000 and devastating much of the...

A YEAR after the massive explosion at Beirut Port devastated the Lebanese capital, the victims’ grieving families are still waiting for answers, accountability and...

ON TUESDAY, Tory PM Boris Johnson narrowly avoided defeat on a motion to cut UK foreign aid after a rebellion by Tory MPs. In the...

LAST week, the outgoing chief economist at the Bank of England, Andy Haldane, bluntly warned that the rapid increase in inflation would make the...

A REPORT yesterday by the Institute of Fiscal Studies (IFS) warns that up to 350,000 youth aged between 19 to 24 face being thrown...

ON WEDNESDAY Andy Haldane, outgoing chief economist at the Bank of England (BoE), delivered a message of doom for the British economy in a...

FROM TODAY the Tory furlough scheme starts to unwind with businesses forced to contribute 10% of furloughed workers’ wages, rising to 20% in August...

THE SECOND round of the French regional elections last Sunday confirmed that the French workers have had enough of the bourgeois, Bonapartist, fascist and...

FORMER Tory Chancellor of the Exchequer Sajid Javid has been installed as Health Secretary to replace the disgraced Matt Hancock, with a remit to...

THE US Senate finally agreed on a $1.2 trillion infrastructure bill. This huge sum was in fact just half of what Biden wanted –...

TORY Chancellor Rishi Sunak this week put every pensioner in the country on notice that along with workers they will be forced to pay...

THE NUMBER of children in child labour has risen to 160 million worldwide – an increase of 8.4 million in the last four years. These...

‘IT IS TIME to get serious. It is time to go all the way and uproot the virus of occupation. We demand sanctions on...

ATHENS – Tens of thousands of workers and students marched in all main cities of Greece last Thursday in a 24-hour general strike against...

ECONOMISTS at the German Deutsche Bank have issued a report about the inevitable consequence of the US Federal Reserve policy of printing worthless paper...

TAX RETURNS of America’s richest people have been leaked to the investigative website ProRepublica and prove that the mega wealthy have been paying little...

WHEN The Daily Telegraph headlined on Saturday that ‘Reckless Hancock left care homes to fend for themselves’ the message was clear. It is that...

YESTERDAY marked the 10th anniversary of the BBC Panorama programme that exposed the shocking treatment of the patients at Winterbourne View, a private hospital...

COLOMBIA, the country that has been hailed by the US as the second most populous ‘democracy’ in South America and a key partner in...

YESTERDAY the Office for National Statistics (ONS) reported that the UK inflation rate had more than doubled in April this year as energy costs...

THE LATEST dire prediction on the precarious economic state of the eurozone came from three former chief executives of the European Central Bank (ECB),...

JOHANNESBURG – The South African Federation of Trade Unions (SAFTU) condemns the continued attacks on the people of Palestine by the Israeli apartheid forces. Its...

ON WEDNESDAY, Tory prime minister Boris Johnson announced that there would be ‘a full and independent inquiry’ into the government handling of the coronavirus...

The military regime in Myanmar has issued 360 arrest warrants for health workers and charged them under Section 505 of the Penal Code, sentencing...

The Congress of South African Trade Unions (COSATU) President Zingiswa Losi delivered a Workers Day Speech on May 1st. ‘My fellow South Africans, President Cyril...

‘IT IS our international duty to organise the overthrow of the capitalist system here in Britain,’ WRP General Secretary Frank Sweeney told the 100-strong...

THE NEWS LINE Editorial Board sends its May Day greetings to the working class and the poor of the world who are confronting a...

THE CWU postal workers trade union yesterday insisted that criminal investigations must take place ‘into senior Post Office figures who oversaw the criminalisation of...

AS THE DATE for the Tory government to end its financial support to British companies looms so the warnings about a cataclysmic crash of...

YOUNG people are bearing the brunt of the jobs crisis. Under 35s accounted for 80% of the 811,000 payroll jobs lost in the UK...

SINCE GREENSILL Capital collapsed last month, all that is rotten throughout Parliament has been stirred up and has bubbled to the surface. The collapse...

FORMER Bank of England governor Mervyn King this week called for heavily indebted ‘zombie’ companies to be allowed to ‘disappear’ taking with them, although...

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...

TUESDAY 6th April, marked the 369th anniversary of the arrival of Dutch settlers in South Africa. The first settlers aimed at establishing trading posts...

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...

A WAVE of companies across the UK and the rest of Europe will be forced into bankruptcy as new figures show that the default...

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...

WITH Britain in a major economic and political crisis the Johnson government is not only preparing for a war with the UK working class,...

ANDREW Bailey, the governor of the Bank of England, used an interview on the BBC yesterday to once again insist that British capitalism is...

THE UNITE union has expressed its ‘deep concern’ at management proposals to axe more than 200 jobs at the Aston Martin site in the...

THE COLLAPSE of Greensill Capital, a finance company which acted as a massive lender to companies, has sent shock waves throughout the UK steel...

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...