Tag: banks
Myanmar Issues 360 Arrest Warrants For Health Workers
The military regime in Myanmar has issued 360 arrest warrants for health workers and charged them under Section 505 of the Penal Code, sentencing...
COSATU president celebrates Workers Day on May 1st
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...
Overthrow bankrupt capitalism with socialist revolution! – demands WRP May Day...
‘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...
TIME TO GET RID OF THE CRISIS-RIDDEN CAPITALIST SYSTEM – WRP’s...
THE NEWS LINE Editorial Board sends its May Day greetings to the working class and the poor of the world who are confronting a...
CWU Demands Criminal Investigations Into Persecution Of Postmasters! Workers Must Demand...
THE CWU postal workers trade union yesterday insisted that criminal investigations must take place ‘into senior Post Office figures who oversaw the criminalisation of...
720,000 UK companies on verge of collapse putting 10 million jobs...
AS THE DATE for the Tory government to end its financial support to British companies looms so the warnings about a cataclysmic crash of...
Youth &workers need British socialist revolution as they bear the brunt...
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...
‘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...
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...
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...
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,...