Tag: banks
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...
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...
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...
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...
Bank for International Settlements warns of full-blown banking crash
THE Bank for International Settlements, the central bank of central bankers, in its latest quarterly review of the world banking system has just issued...
MAY RETURNING TO CHILDREN BEING FAILURES AT ELEVEN! – as NUS...
DOES the PM really want to return to labelling children failures at the age of 11, the ATL asked yesterday. Answering the question the...
National Post Strike!
‘THOUSANDS of our Post Office members will strike next Thursday, against attacks on their job security and pensions and in defence of the Crown...
TORY AUSTERITY POLICIES ARE DESTROYING THE NHS says the BMA
‘AUSTERITY-LED changes of the past decade have stirred up a “perfect storm”. The Government in England shifts responsibility for providing services from the centre...
Build The Revolutionary Leadership In South Africa!
IN recent editions of the News Line we have reproduced in full a speech delivered by Zwelinzima Vavi, former general secretary of the Confederation...
In the drive to privatise, the Tories are abolishing the...
THE NHS is, in practice, being steadily and consciously abolished by the Tories as they drive relentlessly to the goal of a fully privatised...
Under the ANC ‘Wealth is shifting further into the pockets of...
THE following speech was given by the former general secretary of the Confederation of South African Trade Unions (COSATU), dismissed in 2015, and now...
Capitalist leaders have lost confidence in the system and are preparing...
THESE are fearful times for the leaders of EU capitalism. The fear factor is not just present in Brussels. Admiral Alan West, who...
Bankers dump the dollar and shares and crave for gold!
THE current heir to the Rothschild banking dynasty, Lord Jacob Rothschild, has pronounced that the game is up, the world’s central banks have shot...
Massive rise in homelessness!
A DEMONSTRABLE increase in homelessness, driven by the cost and availability of housing, has pushed the problem to such a level that a renewed...
MPs’ Committee blames councils over homeless and dodges government!
THE MPs’ Communities and Local Government Select Committee has said that homelessness is ‘undoubtedly increasing’ and that the scale is greater than statistics suggest. The...
Nationalise all Industry and Banks – not just Railways
THE demand for the re-nationalisation of the railways and public transport is becoming unstoppable, as workers and the vast majority of the middle classes...
Housing crisis can only be solved through socialist revolution!
TWO reports this week have driven home the message that in the 21st century a bankrupt British capitalist system can no longer provide even...
Bank of England splits over measures required to keep British capitalism...
ON WEDNESDAY the Adam Smith Institute admonished the Bank of England as ‘worse than useless’, and warned: ‘There is already a major crisis...
‘WORSE THAN USELESS!’ –Bank of England stress tests
‘STRESS testing’ by the Bank of England (BoE) is to disguise the ‘chronic weakness’ of the UK banking system, a new report from the...
Adam Smith rubbishes the Bank of England and its fake stress...
THE Adam Smith Institute has just ‘lampooned’ the Bank of England stress tests – which sought to show that the UK’s banking system is...
UK banks fail stress test while manufacturing collapses
LAST Friday the European Banking Authority (EBA) published the results of its stress test on 51 of the biggest banks throughout Europe and Britain. Fearful...
Indian bank workers strike while Sri Lankan workers organise in Free...
NORMAL banking operations were disrupted across the whole of India on Friday as bank employee unions went on strike last Friday to protest against...
Zimbabwe workers ‘robbed of their wages’!
A NEW report on the non-payment of workers’ wages in Zimbabwe was released earlier this month in Harare, entitled ‘Working Without Pay – Wage...
‘West supports terrorists and launched a political war against Syria’ –...
PRESIDENT Bashar al-Assad gave an interview to Cuba’s official state news agency Prensa Latina last week. The News Line presents selected extracts from the interview...
Student nurses to be forced to pay for training!
THE results of the ‘consultation’ launched by the Tories on the 7th April on the proposal to end NHS funded bursaries for student...
Italian banks’ debt of over £300 billion will crash the world...
FOR years the Italian banking system has been kept on a life-support system of government bailouts as it sinks under the weight of astronomical...
Hunt left in place to spearhead NHS Privatisation!
ANYONE naive enough to believe for one second the promise made by the new Tory leader that dumping former chancellor George Osborne and replacing...
Corbyn On The Ballot Paper – Another Defeat For Labour Right...
THE decision of the Labour Party NEC in a secret vote, by 18-14, for Labour leader Corbyn to go forward onto the leadership ballot...
HSBC money launderers protected by Osborne and top US officials out...
A US Congressional report has revealed that US officials refused to prosecute HSBC for money laundering in 2012 because of grave concerns within the...
US refused to prosecute HSBC money launderers
US officials refused to prosecute UK-based HSBC bank for money laundering in 2012 because of fears that it would cause a ‘global financial...
Egypt & Israel strengthen ties
THE British ruling class moved swiftly and ruthlessly yesterday to crush opposition to the election of Theresa May as leader of the Tory Party. Her...
The trade unions must follow the example of the ruling class...
THE British ruling class moved swiftly and ruthlessly yesterday to crush opposition to the election of Theresa May as leader of the Tory Party. Her...
America Getting Ready For Revolution!
AMERICA has erupted this week as the working class and youth have responded to the continued and unending violence meted out to them on...
‘No education cuts’ chant 11,000 striking Teachers! – as NUT takes...
‘NO education cuts!’ chanted over 11,000 striking teachers, parents and supporters from London and the south east as they marched through central London to...
Corbyn must demand a general election at once!
AS THE Tory and Labour Party crises deepen, the Bank of England yesterday announced that the outlook for UK financial stability is ‘challenging’. Bank of...
Action Needed Now Over Housing Crisis!
HOMELESSNESS among households in England has risen by 54 per cent since 2010 – rising annually every year – shows the latest report by...
TUC refuses to fight for Corbyn or against austerity!
YESTERDAY, the TUC published the results of a survey of workers, taken in the immediate aftermath of last week’s vote to break with the...
Cameron crushed and out – now kick out the rest!
THE working class has delivered a crushing blow not just to Tory leaders Cameron and his chancellor Osborne but to the bankers and capitalists...
Tory austerity plus ‘Project Fear’ produces terror!
THE News Line and Workers Revolutionary Party extend our condolences to the family of Labour MP Jo Cox who was murdered in her West...
Vote Leave – bring down the Tories. For a workers government...
THE UK Prime Minister, Cameron, has delivered a thinly disguised deadly threat to the UK working class. This is that if it has the...
‘Eu Disintegration Inevitable’ Says George Soros
GEORGE Soros, the multi-billionaire ‘vulture’ investor who makes his fortune betting on capitalism’s crisis and who is credited with breaking the pound in the...
Gangster capitalism emerges at House of Commons committee!
THE ex-chief executive of British Home Stores (BHS), Darren Topp, told a parliamentary committee yesterday morning that the former owner of BHS, Dominic Chappell,...