Tag: banks
Iran Battling Against US Imposed Sanctions!
FRENCH vehicle maker the PSA Group says it is pushing ahead with a plan to invest in Iran’s auto industry despite an increased anti-Iran...
Business rates hike is to bankrupt the NHS – Time to...
NHS hospitals and GP surgeries in England and Wales face a massive £635 million hike in their business rates by the May government over...
Trade union-led occupations and a general strike to remove the Tories...
‘THIS Conference must give a lead in the struggle to defend the NHS and stop it being destroyed by this Tory government... Trade union...
Greek debt is on an ‘explosive path’ says the IMF
THE International Monetary Fund has warned that Greece’s debts are on an ‘explosive path’ in its first annual review of the country’s economy since...
It’s Bercow v Trump as the British ruling class splits between...
SPEAKER Bercow, with his condemnation of any invitation to US President Trump to address both Houses of Parliament, has shown just how split and...
End Tory benefit and job cuts through socialist revolution
YESTERDAY the Tory government was forced to concede that that a further 23,000 tax credit claimants whose benefits had been had been cut by...
Crisis of European capitalism deepens – Down with the EU! Forward...
THE Bank of England delivered its first announcement of 2017 on the economy yesterday, claiming that British capitalism had defied all expectations of a...
Families told to ‘Look after your parents as well as your...
WITH home care for the elderly in a huge crisis as private companies go broke and councils declare that they cannot afford to meet...
The strike wave sweeping Britain demands a new leadership in trade...
THE STRIKE wave sweeping across Britain has a revolutionary content. Since the capitalist crisis first burst into the open with the banking collapse of 2008...
US raid on the Yemen kills 57 as Trump prepares for...
US FORCES at dawn yesterday carried out a series of ground and air raids against a village in the Yemeni province of Bayda, killing...
Right-wing Labour wants to force workers to remain in EU!
LABOUR leader Jeremy Corbyn finally bit the bullet yesterday afternoon when he announced he would issue a three-line whip to Labour MPs instructing them...
Tory plans to ‘save’ British capitalism are nothing but a subsidy...
YESTERDAY Tory prime minister Theresa May announced a new era of state intervention to ‘save’ British capitalism. According to this strategy, selected sectors will be...
May To Meet Trump On Friday – Trump To Meet The...
IT’S BEEN a lightning courtship. PM May is to meet Trump on Friday. May opposed the Brexit pre-referendum and was appointed PM by the 1922...
Right wing threaten to split Labour Party to try to halt...
RIGHT-WING Labour MPs, with the enthusiastic support of the Tory press, are manoeuvring once again to split the Labour Party so that they can...
Smash the anti-union laws with a general strike
LAST Sunday fifty Tory MPs demanded the government bring in even more draconian laws aimed at breaking the growing strike movement that is gaining...
Take action to smash the ‘rigged’ capitalist system!
ON Saturday the Daily Telegraph disclosed to the world – ‘that moderate Labour MPs are plotting to undermine Mr Corbyn by staging resignations...
Time For Action To Defend The NHS!
YESTERDAY both the RCN nurses and the Royal College of Physicians made it perfectly clear that the time has arrived when action to defend...
Corbyn is playing the May game!
MONDAY’s speech to the Charity Commission by the unelected Tory prime minister, Theresa May, revealed the weakness of the Tory government and its intense fear...
Bankers’ forecasts wrong again! New banking crash will ignite revolution!
THE BANK of England has admitted what it calls a ‘Michael Fish’ moment over its failure to predict the 2007-8 banking crash and its...
Only Socialist Revolution can end inequality
NOTHING demonstrates more graphically the increasing polarisation between the working class and the capitalist class than the gigantic and ever-increasing differentials between the obscene...
OECD warns of a global property prices crash
THE Organisation for Economic Co-operation and Development (OECD) has sent out a New Year warning that global property prices have increased so dramatically that...
Rail Companies ‘milking the system’ – Renationalise the Railways now
RAIL passengers are being hit by rail fare hikes that are ‘truly staggering’, according to the Labour Party transport spokesman Andy McDonald. The increases, which...
Forward To The World October!
New Year’s statement by the News Line Editorial Board THE News Line Editorial Board sends its warmest revolutionary greetings for the New Year of 2017...
Tory plans for their police state! Step too far even for...
THE Tories’ new mass surveillance laws got a setback this week when the European Court of Justice ruled that its snoopers’ charter, the Investigatory...
Trade Unions must occupy hospitals threatened with closures! Come to...
THE NHS is the battleground within which the class struggle in this country is being fought out to the finish. The Tory government plans...
SOVIET WORKERS AND YOUTH WANT THE USSR RESTORED!
THE interviews given by Mikhail Gorbachev on the 25th anniversary of the Stalinist bureaucracy overthrowing the USSR show that the question of the restoration...
Italian banks are bust, as is the Italian government – the...
A COLLISION between Italy and the European Union over a bailout of Italy’s collapsed banking system is getting closer by the day. It is...
Italian Banks on verge of crash following Renzi’s defeat
THE defeat for the Italian Prime Minister, Matteo Renzi, in Sunday’s referendum to change the Italian constitution and concentrate the political power in his...
EU is going up in flames! Forward to the Socialist United...
THE European Union is like a huge powder magazine that started to smoulder even before the Brexit vote in the UK on June 23rd,...
Banks learnt nothing from the 2008 crash as world debt and...
RBS, still over 70% state-owned, is the worst prepared of the UK’s biggest banks to cope with the next financial crisis, a crisis which...
European banks are ‘screwed’ as ‘uncertainty’ rules
‘UNCERTAINTY’ is the word on the lips of every banker and bourgeois politician today as they grapple with a capitalist system that is unravelling...
‘Dreadful Outlook For Wages!’
LIVING standards are the worst since the last war ‘if not since the 1920s’, the leader of the Institute for Fiscal Studies (IFS) declared...
Make Hammond’s Budget his last by a general strike to kick...
THE Tory chancellor, Philip Hammond, closed his autumn budget statement on Wednesday with the announcement that this would be his ‘first and last’. Faithfully obeying...
Hammond on the rocks of bankrupt British capitalism!
CHANCELLOR Hammond began his Autumn statement yesterday by saying, ‘Our task now is to prepare our economy to be resilient as we exit the...
Rail strike ‘solid and determined’ as passengers join union in demanding...
YESTERDAY’S strike by RMT guards working for the privateer Southern rail network was ‘rock solid’, with RMT general secretary Mick Cash saying: ‘The resilience...
TUC shocked that Tories break their promises!
THE TUC leadership reacted with shock when Theresa May made it quite clear that she had absolutely no intention of fulfilling her pledge to...
Capitalism cannot be reformed – it must be overthrown with Socialist...
IN HIS speech on Saturday to the Labour Party Policy Forum Jeremy Corbyn proved that left reformism has absolutely no answers to the crisis...
Chaos reigns as Tory Chancellor gets instructions from IMF and advice...
THE International Monetary Fund (IMF) has delivered a thinly veiled instruction to the Tory chancellor, Philip Hammond, to scrap his autumn budget statement due...
AFL-CIO ‘hope to work with President-elect Trump’
AFL-CIO President Richard Trumka released the following statement on the results of the 2016 presidential election in which he declared his willingness to work...
‘Working class must follow example of October 1917’
A POWERFUL News Line 47th Anniversary and 76th Anniversary of Leon Trotsky’s Assassination Rally, with 200 workers, students and youth in attendance, was held...
FOODBANK USE ROCKETS! – huge demand for emergency food supplies
THE number of emergency food supplies given out by Farnborough Foodbank has risen by 5.27% in the last year. Farnborough Foodbank is part of The...
Carney plans for state robbery of bank depositors’ cash!
ON Tuesday, amidst all the turmoil of the US presidential election, the Governor of the Bank of England, Mark Carney, announced a financial bombshell...
Trump victory shatters the Democratic Party and shows the US...
THE Democrats lost the presidential election some time ago, when the party nominated Hillary Clinton for the presidency and pushed Bernie Sanders aside using...
British capitalism is bust, time to put it out of its...
FOR THE first time a comprehensive analysis of the economic and social impact of the war waged by the Tory government under Margaret Thatcher...
The UK ruling class is split, unable to rule, and frightened...
YESTERDAY Tory PM May pledged that she would not allow the British people’s vote for Brexit to be sabotaged. The would-be sabatoeurs are the majority...