Tag: banks

THE BANK of England cut its base rate to a record low of 0.1%, a sliver above zero, warning the coronavirus pandemic will result...

ON TUESDAY, postal workers delivered a massive 94.5% YES vote to strike in defence of their jobs, pay and conditions and the very existence...

FOR THE second time in less than two weeks the US Federal Reserve slashed interest rates to near zero on Sunday, a desperate last...

GLOBAL stock markets crashed on Thursday, the biggest single day fall in history. This is the historic crisis of capitalism, its death agony. The...

CHANCELLOR Rishi Sunak opened his Budget speech on Wednesday with an appeal to ‘put aside party politics, and act in the national interest’ in...

THE TRADE union leaders are divided over the Tory Budget. ‘Today’s Budget u-turn on spending is long overdue’ says the TUC, forging a partnership with...

TORY Chancellor Rishi Sunak has unveiled a £30bn Budget package to try to keep UK capitalism from being bankrupted and broken apart by the...

THE NEW Tory chancellor of the exchequer, Rishi Sunak, yesterday painted a picture of British capitalism as fundamentally ‘robust’ while the NHS was ‘sound’...

CORONAVIRUS sent the world’s stock markets crashing when they opened yesterday morning, with £100 billion wiped off the value of London’s top listed companies. Leading...

‘OPEN the doors to the refugees,’ demanded 20,000 marchers in Athens on Thursday. Some 20,000 people marched through Athens on Thursday night calling for the...

LOW-COST British airline Flybe has collapsed with the loss of 2,000 jobs. The pilots union BALPA has put the blame squarely on the Tory...

THE BANK of England yesterday vowed that it would ride to the rescue of the world’s financial markets by joining with other central banks...

CORONAVIRUS is spreading around the world, sparking a global economic collapse. For seven days in a row financial markets have fallen. The crisis has...

WITNESSES from the firms responsible for creating a death trap at Grenfell Tower are to be granted immunity from prosecution arising out of any...

THE SICKEST NHS patients ‘face hours on trolleys’ and in hospital corridors as the NHS desperately tries to find them beds, according to research...

THE DEEPENING of the world crisis of capitalism is driving forward massive job cuts for workers across the world, as manufacturing industry globally faces...

MEMBERS of National Nurses United (NNU), the US’s largest union of registered nurses, on Tuesday celebrated Senator Bernie Sanders’ New Hampshire primary win, saying...

THE UK economy stagnated with no growth in the last quarter of 2019, according to official figures from the ONS (Office for National Statistics). Gross...

THE INTERNATIONAL Monetary Fund (IMF) can no longer act as the world’s ‘lender of last resort’ according to a task force of currency experts...

‘THE WORKSHOP of the world is closed,’ Ambrose Evans-Pritchard wrote in the Telegraph on Thursday predicting a colossal disaster for capitalism if the massive...

US PRESIDENT Donald Trump delivered his formal State of the Union address on Tuesday night with the usual boast that under the three years...

TORY prime minster Boris Johnson yesterday delivered a speech composed entirely of wishful thinking from which reality was completely excluded. In Johnson’s fairy-tale world British...

THE TORY government suffered a defeat in the courts this week when the court of appeal dismissed a challenge by the Department for Work...

THE BANKRUPTCY of British capitalism is there for all to see. Yesterday the Johnson Tory government was faced with making a serious break with...

T EMERGED yesterday that the number of debt repayment orders issued by the courts last year reached a record level of 1.15 million. These official...

US PRESIDENT Donald Trump’s address to the annual get together of politicians, billionaires, bankers and other assorted ‘running dogs’ of capitalism at the World...

NEARLY a fifth (18%) of workers have been told they’re not allowed to discuss their pay with co-workers, according to new TUC/GQR polling published...

LEBANON erupted over the weekend with renewed clashes between thousands of demonstrators and security forces on Sunday following violent clashes in Beirut on Saturday...

HUNDREDS of people have been wounded in Beirut after security forces used tear gas and water cannon to disperse crowds of anti-government protesters trying...

THIS week the Daily Telegraph has published a supplement ‘The Investors’ Handbook 2020’ subtitled: ‘Rising protectionism, negative interest rates, equity bubbles, debt mountains, trade...

OVER 250 million workers staged a day-long general strike in India last Wednesday, and demonstrated their opposition to the government of Narendra Modi. Banking and...

THE WORLD stands on the brink of a financial crash according to the latest biannual Global Economic Prospects report from the World Bank. This warns...

IRAN launched a multiple missile attack against two bases in Iraq that contain US troops and other coalition forces on Wednesday night in retaliation...

CENTRAL banks in America, Europe and Japan are on the verge of printing and handing out to their banks hundreds of billions of pounds...

THE News Line Editorial Board sends revolutionary greetings for 2020 to all our readers, and to the working class, youth and the poor who...

THE FIRE Brigades Union (FBU) won a massive victory not only for their members but for all public service workers when the employment tribunal...

TODAY’S Queen’s speech includes plans by the Tories to make all-out strikes by rail unions and other transport workers illegal. Tory transport secretary Grant Shapps...

THE GIANT US aircraft manufacturer Boeing has finally called a halt to all production of its 737 Max aircraft after the Federal Aviation Administration...

THE MASS strikes and demonstrations throughout France today mark the sharp escalation of the confrontation between French workers and the ‘bankers’ government of president...

LABOUR’S defeat in the 2019 general election is a historic one, since its central feature was the way that the safest Labour seats in...

SPEAKING at a press conference on the ‘first hundred days’ of a Labour government, Shadow Chancellor of the Exchequer, John McDonnell, pledged: ‘So let...

LABOUR’S shadow chancellor, John McDonnell, delivered a speech yesterday laying out the priorities for the first 100 days of a Labour government. Within 100 days...

YESTERDAY, the London Fire Brigade’s (LFB) commissioner, Dany Cotton, announced that she was resigning from her post four months early. Cotton came under sustained criticism...

‘I SUPPORT Jonty Leff,’ Gideon Woldeslassie said yesterday morning, referring to the campaign to elect the Workers Revolutionary Party candidate as MP for Hackney...

IT TOOK just minutes yesterday for three High Court judges to hear and dismiss an appeal by the postal workers union (CWU) against an...