Tag: banks
Some of the biggest US banks have underwritten billions of dollars...
Some of the United States’ biggest banks have underwritten billions of dollars in Israel bonds, including a substantial amount of $8 billion (£6.4 billion) in March...
TUC must call a general strike to bring down the Tories...
FACED with an £18 billion debt mountain, the privatised Thames Water company yesterday set out its survival plans that involve increasing bills to £627...
Hunt vows to slash benefits to drive sick back to work...
THIS week, Tory Chancellor Jeremy Hunt jetted off to Washington to attend the spring meeting of the International Monetary Fund (IMF), with the stated...
Sharp increase in unemployment as bankers and bosses demand sick and...
YESTERDAY the latest unemployment figures were released by the Office for National Statistics (ONS) revealing that UK unemployment had shot up by 85,000 in...
British capitalism is preparing for war with Russia – its war...
AS IS now well known, the British ruling class is forever beating the war drums against Russia, and is desperately encouraging the Ukrainian regime...
Modi’s government freezes main opposition party’s funds before elections
The Congress party, India’s principal opposition force, has levelled serious accusations against Prime Minister Narendra Modi’s administration, alleging that the government has deliberately undermined...
Workers must fight massive increases in the cost of living with...
THE United Kingdom has seen the biggest rise in ‘absolute poverty’ in 30 years, according to new data published by the Department for Work...
Socialist revolution only answer to capitalist debt crisis
Labour’s shadow chancellor Rachel Reeves was making her pitch yesterday to the bankers and business bosses that any future Labour government would be a...
IMF warns US banking crisis threatens stability of world capitalism!
THE IMF (International Monetary Fund) has issued another stark warning that world capitalism is at serious risk of an international financial crisis caused by...
British Capitalism’s Bankrupt, Budget Shows It’s Time To Expropriate Bosses!
TORY CHANCELLOR Jeremy Hunt has unveiled the contents of this year’s Budget in the House of Commons. It is the last scheduled Budget before...
Unions must call a general strike to support Gaza and put...
THE Bureau of the UN General Assembly’s Committee on the Exercise of the Inalienable Rights of the Palestinian People reaffirmed last Wednesday night its...
Nottingham City goes bust while HSBC makes £24bn!
THE government has appointed commissioners to help run Nottingham City Council after the authority declared itself effectively bankrupt. The Labour-run authority issued a section 114...
Time For A Ceasefire In Palestine And For Socialist Revolutions In...
CONDEMNATIONS have poured in from countries world-wide after the United States once again vetoed a United Nations Security Council resolution that demanded an immediate...
We salute the struggle of the Palestinian people – General Strike...
The News Line Rally of 200 people took place at the Hargrave Hall, in north London on Saturday. Chairman, Tony McEvoy, said the struggle for...
Bank of England demands wage cuts to keep businesses and the...
The Office for National Statistics (ONS) released figures yesterday on the average pay across the UK, which they claimed saw an increase of 6.2%...
The working people of the world must NOW take action to...
THE Palestinian presidency on Wednesday expressed its great thanks and appreciation for the strong and clear Saudi position expressed in the Saudi statement issued...
Labour will let bankers’ bonuses soar and make the working class...
LABOUR’S shadow chancellor Rachel Reeves yesterday pledged any future Labour government to be the bankers’ best friend, ready and willing to facilitate awarding massive...
Sunak calls for ‘British homes for British workers’ in a backward...
THE Guardian newspaper yesterday revealed that the Tory government is preparing to launch a consultation in the coming weeks on implementing a ‘British homes...
Tata Steel UK’S claim of losing £1.5 million a day to...
Last Friday, Tata Steel UK confirmed its devastating plans to axe 2,800 jobs with the closure of two blast furnaces at its Port Talbot...
£30 billion wiped off UK stock market overnight as capitalism plunges...
ON Wednesday, the FTSE 100 had its biggest fall since August last year with almost 30 billion pounds wiped off the value of the...
World Economic Forum declares capitalist ‘global order’ destabilised by imperialist war...
THE WORLD Economic Forum (WEF) opened its meeting at the Swiss resort of Davos this week under the storm clouds of an economic and...
UK carriers are ready to be deployed against the Houthis. UK...
THE UK’s aircraft carriers are ready to be deployed to fight the Houthis, and to threaten war with the Iranian revolution, was the message...
UK Trade Unions Must Avenge The Murder Of Hamas Leader Al-Arouri!
A COMPREHENSIVE strike is taking place throughout the governorates of the West Bank, denouncing the assassination of Hamas senior official, Saleh Al-Arouri, and the...
TUC must call a General Strike to defend NHS
JUNIOR doctors start six days of strike action today, the longest strike by doctors in the history of the NHS, over their demand for...
30,000 Businesses Will Go Bust In 2024!
ECONOMISTS at the multi-national financial advice service PwC have issued a stark warning that nearly 30,000 businesses in the UK will collapse under the...
All Trade Unions Must Join The Battle To Defend The NHS...
THE battle has now been joined to defend the NHS, which the Tory government is determined to destroy, to return the UK to the...
Global strike condemned Israel’s genocidal warfare on the Gaza Strip
A GLOBAL strike prevailed in several Arab and Muslim cities around the world on Monday in condemnation of the Israeli genocidal war on the...
Wells Fargo employees ballot for union recognition
In a remarkable series of events, Wells Fargo employees from Albuquerque, New Mexico, and Bethel, Alaska, are spearheading the bank’s first-ever union elections. This historic...
The TUC must answer Hunt’s declaration of a vicious war on...
TORY Chancellor Jeremy Hunt’s Autumn Statement has been derided for its claims to represent a way out of the economic crisis strangling British capitalism,...
New right-wing party to replace Tories being organised as spectre of...
AS THE Tory Party continues to disintegrate by the hour, demands from the ruling class for a new right-wing party to emerge from the...
Sunak speech at Lord Mayor’s Banquet pledges UK support to imperialist...
FRESH from sacking Suella Braverman as Home Secretary in the morning, Prime Minister Rishi Sunak turned up on Monday evening to deliver a speech...
‘End this war and implement a ceasefire or you will be...
IRAN’S defence minister has warned that the United States will suffer a heavy blow if it fails to stop Israel’s savage war against the...
FBU rally condemns 13 years of austerity and launches ‘Firefighters Manifesto’
OVER seven hundred firefighters and control staff assembled in Westminster on Wednesday to launch a new ‘Firefighters’ Manifesto’. As the country recovers from flooding, and...
BofE keeps interest rates at record level and promises further rises!
AS WIDELY predicted, the Bank of England Monetary Policy Committee (MPC) yesterday voted to hold the UK key base interest rate at 5.25% while...
World capitalism at the ‘tipping point’ of collapse – time to...
A RELIABLE gauge of the panic gripping the capitalist class over the fast developing world crisis of capitalism and its crushing effect on the...
India’s BJP government targeting pro-Palestine protesters
A RELIABLE gauge of the panic gripping the capitalist class over the fast developing world crisis of capitalism and its crushing effect on the...
IMF-US and Global Debt ‘unsustainable’ – socialist revolution only answer to...
THIS week the International Monetary Fund (IMF), the world organisation charged with protecting the international capitalist financial system, held its weekly annual meeting in...
Inflation here to stay and global banking system faces collapse
THE International Monetary Fund (IMF) yesterday produced its latest report on the state of the world capitalist financial system, in which it warned that...
Russia to strengthen global role of Latin American countries
MOSCOW will continue supporting efforts to strengthen the global role of Latin America and individual countries in the region, Russian Foreign Minister Sergey Lavrov...
The Treasury and the Banks are in a panic over the...
UK Treasury officials are locked in talks with the Bank of England after Metro Bank’s shares plunged by more than 31%. The bank is now...
Capitalism facing ‘impending global disaster’ – time to put it out...
THE Tory Party annual conference ended on Wednesday with Sunak announcing he was cancelling the Northern leg of HS2 rail network – something that...
BMA Demonstrates At Tory Party Conference
THOUSANDS of NHS workers and many other trade unionists marched to the Tory Party conference yesterday morning to deliver their notice to the Tories...
Capitalism kills – UK death rate increased by Tory austerity war...
ON MONDAY, the BMJ health journal published the results of its research into the impact of the cost-of-living crisis and the austerity policies ruthlessly...
University pickets call for a general strike!
Over 20,000 staff at scores of universities are striking for five consecutive days this week in their fight for pay and working conditions and...
Over 1,000 march for ‘Right to Food’ in Haringey
Haringey Right to Food, organised a Hunger March through Tottenham on Saturday, 23 September. A large crowd gathered outside the Spurs Football Stadium from 12...