Tag: banks
SA education unions demand suspension of schooling – as 10,000 schools...
LESS than two weeks after schools re-opened in South Africa, there have been growing calls to suspend schooling as many schools have recorded positive...
Unite-Gmb Appeal To Tories To Save Workers’ Jobs!
THE UNITE and GMB trade unions have appealed to the government to announce a bespoke financial package to save the beleaguered aviation industry. The two...
Capitalism about to bounce over the edge of the precipice!
IN THE week that Boris Johnson boasted that the lifting of coronavirus lockdown measures heralded the start of the economic ‘bounce back’, it became...
Javid Warns Against Any Attempt To Return To Austerity!
FORMER TORY Chancellor Sajid Javid has warned against a return to austerity as the bankrupt UK economy plunges into a historic disaster with its...
Kick out TUC leaders who refuse to fight mass unemployment –...
INTERVIEWED on Sky’s Sophy Ridge programme on Sunday, TUC general secretary Frances O’Grady appealed for the Tories to unite with the TUC, saying: ‘Let’s...
National Audit Office Says Families Will Live In Fire Deathtraps Until...
IT HAS been three years since the horrific Grenfell fire which killed 72 men, women and children. Three years and there are still seven...
A desperate Bank of England pumps another £100 billion of free...
THE BANK of England (BoE) yesterday unleashed another round of Quantitative Easing (QE), adding another £100 billion to the amount of ‘free’ money they...
Tories Want To Go From Starving Children To Pauperising Pensioners!
THIS week Tory prime minister Boris Johnson was forced to make a humiliating retreat over free school meals following a campaign led by the...
Brazilian meat and poultry workers defeat government attempt to cut safety...
AN IUF global union statement last Friday reminded that a determined campaign by IUF affiliates and allies has beaten back a government attempt to...
Rashford forces Tory U-turn over free school meals
OVER a million children suffering in dire poverty in the UK will now get free school meal vouchers during the holidays, after a successful...
No escape for capitalism as stock markets crash
ON THE very day that Boris Johnson hailed the start of the economic bounce-back for capitalism with a return to work, the international stock...
Tories rip up workers health and safety as their bankrupt economy...
TORY CHANCELLOR Rishi Sunak did the rounds of press interviews yesterday preparing the way for today’s reopening of non-essential shops and businesses and he...
UK economy collapses 20.4% in a month! Time to expropriate the...
A SHATTERING collapse of the British economy has taken place. It has fallen 20.4% in a single month, in April, and it is still...
US heading for revolution!
THE US coronavirus epidemic surpassed two million infections on Wednesday while health officials said that many new infections are likely as a result of...
World Bank Predicts Widespread Economic Destruction Ahead!
THE WORLD Bank stated yesterday that 90% of the world’s economies have been plunged into a slump by the coronavirus pandemic, inflicting global carnage...
No bailout of capitalism – expropriate the main industries and banks!
YESTERDAY the UK’s three biggest airlines launched legal proceedings in a bid to overturn the government’s new quarantine rules that require air passengers from...
Kick out trade union leaders collaborating to impose job and...
THE ENGINEERING giant Rolls-Royce which manufactures jet engines this week confirmed that it will slash 3,000 jobs across the UK. Already Rolls-Royce has begun the...
Tories Reeling From Crisis To Crisis While Lapdog Starmer Complains Johnson...
AS THE Tories reel from one crisis to another over their handling of the coronavirus pandemic that has so far led to over 380,000...
Trump sends in US military
US PRESIDENT Donald Trump on Monday said he would deploy the US military to US states that don’t use the National Guard in sufficient...
Tories lay groundwork for police military dictatorship to force a return...
THE INSTITUTE of Directors (IoD) has warned that 250,000 businesses could sack workers as the Tory chancellor Rishi Sunak runs down the furlough scheme. Sunak...
Working Class In UK Requires A New And Revolutionary Leadership!
TORY chancellor Rishi Sunak dropped any pretence that British capitalism would stage a miraculous ‘bounce back’ when he confessed that the country faces ‘a...
15th May 1948 – The day hundreds of thousands of Palestinians...
THE 15th of May 1948 was an extraordinary day for the Palestinian people, it was the day when hundreds of thousands of Palestinians lost...
Only A Socialist Revolution Can Resolve The Crisis Of Capitalism!
THE DAY after official figures were released showing that the UK economy was crashing into the deepest depression for 300 years, the governor of...
Record Breaking Slump Will Lead To Socialist Revolution In The UK!
BRITISH capitalism is officially in recession as the Office for National Statistics (ONS) reported yesterday. In just three months, the UK economy shrank at a...
UK ECONOMY IS CRASHING! – facing its biggest ever slump
TORY CHANCELLOR SUNAK yesterday said it is ‘very likely’ the UK is in a ‘significant recession’, as figures show the economy contracting at the...
TUC And Right Wing Labour Are Supporting Driving Workers Back To...
PM JOHNSON’S drive to return workers to work, despite the coronavirus epidemic, announced in Parliament on Monday at 3.00pm has met with a split...
‘THE CRISIS IS BEING PAID WITH OUR RIGHTS!’ – says Ecuadorian...
‘We are quarantined but not silent. The millionaire cut to public education moves us to take the space, ours, the house, the neighbourhood, the...
Capitalism’s biggest crisis since 1706, warns BofE! Make it its last...
THE BANK of England’s latest report, released on Thursday, has revealed the full extent of the catastrophic crisis of capitalism, now writhing around in...
Deepest recession since 1706 – UK economy to contract 14% –...
THE BANK of England warned yesterday that the UK economy is heading towards its deepest recession on record, shrinking by as much as 14%...
British Capitalism Is On The Rocks! All Life Support Attempts Are...
SUCH is the crisis of British capitalism more than half of the adult population, 27 million people, have had to be financially assisted by...
Tories Seeking To End The Lockdown To Save Capitalism – While...
ACCORDING to the Johns Hopkins University count, the coronavirus pandemic has infected more than 3,402,400 people worldwide and has claimed the lives of at...
MAY DAY MANIFESTO – Corona crisis tips capitalism over the edge!...
Statement by the News LIne Editorial Board THE NEWS LINE Editorial Board sends its May Day greetings to the working class and the poor of...
BA sacks 12,000 workers while Unite and the GMB register their...
THE GIANT Unite and GMB trade unions have greeted the news that British Airways is to make 12,000 workers redundant with shock, dismay and...
Iraq sets timetable for withdrawal of US troops
THE SPOKESMAN for the Commander-in-Chief of the Iraqi Armed Forces says the Baghdad government is serious about implementing the parliament’s resolution concerning the withdrawal...
The Death Agony Of Capitalism! Time For The Working Class...
ON MONDAY night, US President Donald Trump announced via a tweet that he would stop all applications from foreign nationals seeking permanent residence in...
LGA Warns ‘Extreme Cost-Cutting’ Is Destroying All Services!
THE LOCAL Government Association’s (LGA) Richard Watts has written to Tory Local Government Secretary Robert Jenrick (of the two houses) warning against ‘extreme cost-cutting’...
Us Capitalism Is On The Rocks! The US Working Class...
US PRESIDENT Donald Trump yesterday unveiled his three-phase plan for opening up businesses in America proclaiming, ‘We’re starting our life again. We’re starting rejuvenation...
The Crisis Of Capitalism Is Making It Clear That The Working...
BRITAIN is in the grip of the deepest recession since records began putting the country on course for the biggest economic collapse since 1709...
The Eurozone Commits Collective Suicide!
THE Eurozone committed ‘collective suicide’ last week when EU finance ministers met and agreed a deal that they heralded as a historic breakthrough in...
Sanders concedes – Forward to the American socialist revolution
LAST WEDNESDAY, the US ‘democratic socialist’ Senator Bernie Sanders announced to his supporters that he was quitting the race to become the Democratic candidate...
Time To Put Demoralised Capitalism Out Of Its Misery With A...
‘THOSE of us in the economic realm must navigate blindly through the fog. We face a plausible spectrum ranging from V-shaped relief to L-shaped...
PM Johnson In ‘Intensive Care’ And Labour Is Ready For A...
PRIME Minister Boris Johnson is now in intensive care at St Thomas’ hospital, laid low by the coronovirus, perfectly reflecting the state of British...
Starmer Congratulated By Union Leaders, Now Awaits His National Service Government...
THE election of Starmer as Labour leader has been cheered to the rooftops by both the trade union bureaucracy and the Tory Party-supporting media. His...
Capitalism Is Set To Destroy Small Business And Then Turn The...
A FIFTH of all UK small and medium sized businesses are set to close permanently over the next four weeks as they run out...
A Fifth Of Small Businesses Are Going Under
A FIFTH of all small and medium-sized businesses in the UK are unlikely to get the cash they need to survive the next four...