Tag: banks

THIS week a headline in one of the bourgeois papers declared ‘Europe Grinds to a Halt’ and for once the hyperbole was justified as...

DEUTSCHE Bank, the largest and most important bank in Europe, sacked its British born chief executive John Cryan after just three years in the...

A DEMONSTRATION on Saturday of over 2,000 people shouted their support for Palestine in solidarity with the ‘Great March of Return’ in Gaza and...

MILLIONS of workers, as of yesterday, have been hit for six. The amount that comes out of their wages in pension contributions now...

NEW car sales in Britain plunged in March by 15.7% compared to the same period last year, a massive drop that spells out the...

SCOTTISH fishermen and their colleagues throughout the UK are up in arms over the surrender of the May government to the EU bureaucrats. Davis...

JEROME Powell the new chairman of the US central Bank, the Fed, will be pushing for an increase in interest rates this week with...

‘REFUGEES are welcome here!’ shouted over 10,000 protesters on a March Against Racism through central London on Saturday. Labour’s shadow home secretary, Diane Abbott,...

‘MOSCOW had no motives for poisoning former GRU Colonel Sergey Skripal and his daughter, while those who are trying to push ahead with the...

TORY Chancellor Philip Hammond delivered not so much a Spring Statement to parliament yesterday as a half hour of self-congratulation and boasting about how...

NHS staff who have suffered a 15% pay cut since 2010 have been offered a ‘new deal’ from the government. A leaked document shows...

A HOMELESS man has been found dead in a tent after sleeping rough in the snow in freezing temperatures. The man, named locally as...

THE GP website Pulse revealed this week that in four areas in England local clinical commissioning groups (CCGs) have set up a ‘profit-sharing’ scheme...

THE publication of the EU’s draft separation treaty with the UK has intensified the conflict between the UK and the EU ruling classes and...

The South African Federation of Trade Unions (SAFTU) notes with outrage the Cabinet reshuffle announced by President Ramaphosa. It proves beyond doubt that the...

THE National Union of Students’ verdict on PM May’s review into post-18 education and funding is that ‘she is choosing to move the deckchairs...

IN 2008 the world financial system stood on the very brink of the abyss with banks and industries facing the immediate prospect of crashing...

ANKARA and Washington have reached an agreement to work together in their occupation of part of northern Syria, where the two NATO allies have...

550,000 CHILDREN (1 in 7) with a parent working in the public sector will be forced to live in poverty by the end of...

JACOB Zuma resigned as president of South Africa on Wednesday ahead of a vote of no confidence over uncontainable corruption scandals, and has been...

LAST Monday, the American Dow Jones Index, which records the share prices of the top US companies and banks, recorded the biggest drop in...

ON MONDAY the Wall Street stock market crashed with the Dow Jones Index, which follows the fortunes of 30 large US companies on a...

WALL Street suffered the largest one-day collapse in history on Monday, triggering the Asian markets to crash, followed by the European and the UK...

THE collapse of the construction company Carillion has again thrown a spotlight on the systematic theft and looting of billions of pounds from workers’...

GREEK hospital workers and dockers went on a 24-hour national strike last Thursday against the government’s plans of wage cuts, ‘flexible’ labour contracts and...

THE BIG lie of this minority Tory government is that British capitalism is thriving, its economy is in vigorous good health and that workers...

ON Monday, the Chief of the UK General Staff, General Sir Nick Carter, said in his speech at the Royal United Services Institute, a...

WILLIAM WHITE, the head of the OECD’s review body, warned before the Davos Summit on Monday that: ‘All the market indicators right now look...

THIS week sees the annual World Economic Forum (WEF) meeting in the Swiss town of Davos, perched high in the Alps, ideally situated for...

‘THE game is up for PFI, it is a catastrophic waste of taxpayers’ money,’ the GMB union said yesterday responding to the National Audit...

THE HOUSE of Commons education committee has written to the Tory academies minister, Lord Agnew, expressing MPs’ concern about a ‘lack of transparency and...

20,000 jobs in the UK and a similar number of jobs abroad are under threat with the collapse of the giant construction company Carillion...

TORY health secretary Jeremy Hunt has been told in a letter from NHS bosses that the NHS is ‘no longer able to meet the...

MAY’S ‘reshuffle’ that never was continues her recent career in which everything that could go wrong has, but such is the feebleness of...

THE right-wing think tank the Centre for Policy Studies (CPS), which promotes free-market capitalism, has just produced a report entitled ‘An NHS Royal...

HEZBOLLAH leader, Sayyed Nasrallah, has said that Israel may start a war in the region and that Hezbollah is fully prepared for it. In an...

THE MASSIVE gap in wealth between workers and the bosses has once again been highlighted in a new report which shows that the chief...

DR RICHARD Fawcett, a Royal Stoke Hospital consultant, has apologised for ‘third world’ conditions in the hospital’s A&E, saying that he was ‘heartbroken’ to...

New Year Manifesto by the News Line Editorial Board THE News Line Editorial Board sends its warmest revolutionary greetings for 2018 to all our readers,...

THE PRIVATE Finance Initiative (PFI) that Gordon Brown introduced during the Brown-Blair Labour governments has provided a cash bonanza of hundreds of billions for...

THE US Senate has approved by 51 votes to 48 a measure slashing the taxes of the rich and the major banks and companies...

FROM January 1st banks and building societies will be legally obliged to check the current accounts of 76 million account holders and compare them...

NURSES, firefighters, and teachers are so badly paid that many are doing second jobs in order to survive! A vast majority rely on in-work...

WEDNESDAY’S humiliating defeat of the Tory government over the EU Withdrawal Bill signalled the emergence of a bloc between the Labour Party, now firmly...

THE BANK of England has revealed that banks extended new mortgage commitments to borrowers worth £69.6bn in the three months to the end of...