Tag: banks

CHANCELLOR Hammond outlined a bankrupt policy for a bankrupt Britain yesterday in the House of Commons. The paper-thin disguise for this bankruptcy was Hammond’s...

ON Budget Day when the Chancellor is expected to ignore the cash crisis facing the NHS – after the service has suffered massive cuts...

SAUDI Arabia’s foreign minister last Friday accused Hezbollah, which Riyadh blames for the shock resignation of Lebanese premier Saad Hariri, of holding Lebanon hostage...

TENS OF THOUSANDS of workers and youth have marched to President Mugabe’s office and residence and say that they will stay there till he...

IN 21st century Britain, in the richest borough in London, working class children are being diagnosed with diseases and ailments that belong in the...

‘THE WORLD’S first socialist revolution when the working class took power is showing us the way forward today,’ Workers Revolutionary Party General Secretary Frank...

OVER 300 workers and youth attended Sunday afternoon’s WRP-YS celebration of the Centenary of the 1917 Russian revolution. Opening the rally the Secretary of the...

THE rally this Sunday will not just celebrate the 100th Anniversary of the Russian Revolution. It will be a clarion call for workers to...

LAST Tuesday, the Labour MP for Mitcham and Morden, Siobhan McDonagh used a debate in parliament to highlight the barbaric and dangerous conditions homeless...

AS THE Tory party implodes, and the lynch mob search mounts for the author or authors of the ‘Dirty Dossier’ that named 40MPs and...

THE BANK of England Monetary Policy Committee (MPC) yesterday raised interest rates for the first time in more than ten years. The official bank rate...

IN a lecture to the London School of Economics (LSE) on Tuesday TUC General Secretary Frances O’Grady made a ‘national government’ call to the...

THE EXTENT of the full-scale looting of the country’s public buildings by giant offshore private companies has been highlighted in a report by a...

IN A virtually unprecedented break with the normal language of international diplomacy, the Palestinian Foreign Minister, Riyad Malki, has deservedly torn into British Prime...

THE NUMBER of NHS beds has halved in the last 30 years and proposals to slash bed numbers even further will make the ‘NHS a...

CAPITALISM is not delivering on its promise to raise living standards, Lord Adair Turner, a former head of the business lobby the CBI, has...

MORE than a thousand parents, teachers, heads and support staff converged on Westminster on Tuesday to lobby MPs on school funding. Shadow education secretary Angela...

IT has become crystal clear that the Universal Credit system equals universal misery for the growing masses of the working poor in the UK. As...

ANY LINGERING doubts about the morbid terror that is gripping the capitalist class were dispelled this weekend when 50 of the leading bosses from...

THE GMB trade union has exposed a shocking Treasury report which Chancellor Philip Hammond tried to hide showing public sector wages are now below...

‘THIS is the third high-profile money-laundering scandal to involve major British banks this year,’ John McDonnell, Labour’s Shadow Chancellor, said yesterday, responding to reports...

UK BANKS HSBC and Standard Chartered have been linked to a serious corruption scandal in South Africa, with the Serious Fraud Office looking to...

WEDNESDAY’S debate and vote in parliament on the issue of the roll-out of Universal Credit has been hailed as a ‘symbolic defeat’ for the...

THE GIGANTIC scale of personal debt in Britain has been revealed in the publication yesterday of the biggest ever survey of households conducted by...

ON MONDAY shock figures from the Office of National Statistics (ONS) showed that Britain is £490 billion poorer than it was thought to be...

FOLLOWING 17m plus workers voting to ‘Leave’ in the 2016 EU Referendum, the UK is leaving the EU on March 29th 2019, two years...

THIS WEEK the Washington-based International Monetary Fund (IMF) issued another warning that the world capitalist financial system is on the verge of a gigantic...

‘HOW many more families does the minister estimate will be made homeless this winter as a result of this government’s refusal to pause the...

WHEN the Tory Daily Telegraph runs on its front page a headline that Theresa May is ‘limping into oblivion’ it couldn’t be a clearer...

THE TORY Party conference opened in Manchester on Sunday to scenes that reflected the terminal splits and divisions that dominate the minority government of...

THE WEST London Council of Action Big Bike Ride to Save Ealing Hospital on Sunday was a great success. More than two dozen riders with...

‘THE FREE market economy,’ in other words capitalism, ‘is unquestionably the best, and indeed the only sustainable, means of increasing the living standards of...

WITH the Labour right-wing openly organising at the party conference in Brighton this week to bind the party firmly to a campaign to remain in...

RIGHT WING Labour threw its bomb into the Labour Party conference yesterday when it penned an open letter suggesting that the UK should remain...

IN her speech in Florence, Tory PM May called for a two-year implementation period, after Britain leaves the EU in March 2019. Up to that...

PRESIDENT TRUMP began his speech at the UN by immediately patting himself on the back, stating that ‘Fortunately, the United States has done...

THE SWISS based Bank for International Settlements (BIS), the ‘central bank for central banks’, has issued a new warning about the global ‘debt trap’...

FOURTEEN NHS unions submitted a pay claim directly to the May government on behalf of more than one million NHS workers...

THE TORY government suffered two defeats in Parliament on Wednesday after the £1 billion bribe paid out by Theresa May to the Democratic Unionist...

OPENING the public sector pay debate at the 149th Trades Union Congress in Brighton on Monday afternoon, Unison general secretary Dave Prentis moved composite...

A NEW SURVEY, Refugees without refuge, published by the Refugee Council on Friday, has found high levels of homelessness and destitution among refugees shortly...

A PLAN by the Tories to demonstrate that the bosses of Britain’s leading companies are firmly behind the chaotic Brexit negotiations blew up in...

‘SCRAP the cap!’ shouted thousands of nurses from all over the UK rallying in Parliament Square yesterday. The rally was organised by the Royal College...

THE Archbishop of Canterbury, Justin Welby, has blurted out the truth that has been more than obvious for a number of years to millions...

WORLD capitalism is on the verge of an even bigger, catastrophic economic collapse and there is absolutely nothing the central banks or governments can...