Tag: banks
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...
The judiciary seeks to bar the way! Open it up with...
YESTERDAY’S ruling by three High Court judges that the Tory government does not have the right to trigger Article 50 is the latest and...
With inflation set to quadruple, the working class must take...
UK inflation will quadruple to about 4% in the second half of next year and cut disposable income, the National Institute for Economic and...
Not just European banks but world capitalism is a ‘lost cause’
THE panic gripping the world capitalist class over the impending crash of the banking system reached another new level on Monday with the publication...
‘We’re the insurgents now,’ declares Tony Blair!
EX-LABOUR Premier Blair has summoned the anti-Brexit camp, that is the bosses, the bankers, the majority of Tory and Labour MPs and the majority...
End imperialist war through world socialist revolution
EIGHT hundred British troops, with tanks, armoured vehicles and drones are to be sent to Estonia in the Spring, on the border with Russia. The...
McDonnell refuses to even whisper the word ‘socialism’
A FEW short weeks ago at the Labour Party conference, the ‘left’ shadow chancellor, John McDonnell, proudly announced that the party would no longer...
BATTLE FOR ALEPPO DECISIVE FOR REGION says Hezbollah leader Nasrallah
HEZBOLLAH Secretary General Sayyed Hassan Nasrallah affirmed on Sunday that the battle against terrorist organisations in Aleppo is decisive for the entire region just...
Economic Crisis Deepening! More Austerity And A Banking Crash On The...
A LEAKED document obtained by the Labour Party has revealed that the Treasury faces a black hole of up to £16bn in its finances...
CETA collapse – now workers must end all capitalist trade agreements...
LAST Friday the much delayed CETA (Comprehensive Economic and Trade Agreement) between the EU and Canada hit a brick wall when the Belgium region...
Bring down the May government – nationalise the banks and major...
BEFORE the Brexit referendum on June 23rd the masses of British workers refused to capitulate to the vast barrage of propaganda from...
Iran Won’t Back Down In The Face Of Ever-Increasing Demands!
LEADER of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has called on Iranian authorities not to back down in the face of the United...
Carney steps up his anti-May war!
THE war between the governor of the Bank of England, Mark Carney, and Tory prime minister Theresa May was stepped up on Wednesday when...
Ecuador pulls the plug on Assange to help out Clinton!
ECUADOR has admitted that it ‘partly restricted’ the internet access for WikiLeaks founder Julian Assange, who is taking refuge at its London embassy...
The eurozone is a pack of cards ready to collapse, says...
THE man who is credited as the principle architect of the single European currency 14 years ago has just warned that his ‘project’ is...
Carney and May fall out on the high wire with ...
BANK of England Governor Carney has fallen out with PM May telling her that he will not take orders from politicians on what the...
Brexit crisis deepens reflecting the death agony of British capitalism!
THE British ruling class, far from recovering from the Brexit mutiny, when its chosen policy for saving British capitalism – that of ceding...
‘HANDS OFF OUR HOSPITALS!’ – demand campaigners marching on Downing Street
‘JEREMY Hunt hear us say, NHS is here to stay!’ and ‘One fight – we are all united!’ chanted campaigners fighting to save A&Es...
Hammond and Carney in ‘war games’
THE Tory Chancellor of the Exchequer, Philip Hammond, and the Governor of the Bank of England, Mark Carney, were forced to sit a test...
British capitalism hits the rocks!
IN THE early hours of last Friday, a seismic crash in the value of the pound against the dollar caused panic amongst the world’s...
If one guard is sacked the TUC must call the whole...
THE STRIKE of the Southern guards, which begins on Tuesday, is a pivotal struggle for the entire working class. What is under threat is...
Californian social workers strike!
MORE than 1,100 California social workers and eligibility workers conducted a three-day strike in Contra Costa County, then voted on Wednesday to extend their...
May’s speech exposes the weakness at the heart of the Tory...
THERESA May’s speech closing the Tory conference on Wednesday revealed all the weakness of the Tory Party – a party reeling from the mass...
THE TUC leaders who have deserted junior doctors and the NHS...
YESTERDAY the Tory offensive against not just junior doctors but the entire foundation of the National Health Service reached a ‘watershed moment for the...
May Peddles Tory Charade
YESTERDAY PM Theresa May set out her ‘vision for Britain after Brexit’ in a key note speech to their party conference in Birmingham in...
Kiss of death for Deutsche Bank and the world banking system
THE writing is most definitely on the wall for Europe’s largest bank, with the kiss of death being delivered over the weekend when German...
PM May woos Labour’s right wing!
ON THE eve of the Tory Party Conference, with the party split from stem to stern over Brexit, Tory leaders have announced that they...
Corbyn intends to end the rule of banking class with regulations!
LABOUR leader Jeremy Corbyn wound up this week’s Labour Party conference with a speech that he insisted outlined policies for ‘socialism in the 21st...
‘Get ready for a General Election’ says Corbyn
‘TODAY we put ourselves on notice. Labour is preparing for a general election in 2017,’ said Labour leader Jeremy Corbyn concluding his hour-long speech...
South Korea – All Out Indefinite Strike Action By Twu!
THE Korean Public Service and Transport Workers’ Union began all-out indefinite strike action yesterday, alongside workers on the metros in Seoul and Busan, paralysing...
McDonnell wants a corporatist deal with the capitalists!
SHADOW Chancellor McDonnel’s speech to the Labour Party conference was remarkable for its lack of treatment of the crisis of capitalism. He focused...
Imperialist lies over Aleppo – a cover for their own war...
SUNDAY’S emergency meeting of the UN Security Council witnessed the orchestrated attack on the Syrian people and Russia by the imperialist powers. The meeting was...
Workers defeat Labour Party coupists with increased majority for Corbyn
313,209 Labour Party members and supporters with their leadership vote for Jeremy Corbyn, have driven back the right wing coup attempt that was underway,...
Charlotte becomes a class war zone! The US socialist revolution is...
THE US National Guard have arrived in Charlotte, North Carolina, with armed-to-the-teeth state troopers lining the streets and turning the city into a war...