Tag: banks

SHADOW Chancellor John McDonnell made it perfectly clear at Labour’s Conference on the Economy that the Labour Party was now for ‘transforming capitalism’, and...

GREEK civil servants employed at Inland Revenue offices picketed a Finance Ministry building in Athens on Thursday morning against a government ‘multi-Bill’ which scraps...

ONE in three people in the country have ‘experienced poverty’ in the past four years. According to figures produced by the Office for National Statistics,...

THE decision last week by Tory Health Secretary, Jeremy Hunt, and agreed by the BMA to extend the ‘talks’ over imposing new contracts on...

AS the worldwide crisis of capitalism deepens, the war preparations of the US and the NATO powers are becoming more frantic, with plans to...

ON Monday Tory PM Cameron warned that if the UK leaves the EU it could trigger off another great European war. What a condemnation...

IT says something about the scale of the defeat that the Tories and the bosses have suffered over the Mayoral election in London...

WORKERS in Greece staged a militant two-day general strike last Friday and Saturday against the government’s Pensions and Tax Reforms Bill that crushes the...

MAY DAY in France erupted into state-organised violence when riot police attacked workers and youth in what was a blatant attempt to crack down...

THE Editorial Board of the News Line sends its revolutionary greetings on May Day 2016 to the workers and the oppressed people of the...

‘VICTORY to the junior doctors – kick the Tories out! TUC get off your knees – call a general strike! No privatisation – defend...

THE UK could take up to 10 years to negotiate trade deals with the US if it leaves the EU, Barack Obama has said. In...

US President, Barak Obama, has issued his ultimatum to the British ruling class – stay in the EU or else! In a lengthy article in...

NATO and Russia held ‘frank and serious’ talks despite ‘profound disagreements’ as their ambassadors met on Wednesday for the first time since 2014, alliance...

THE right-wing, free market think tank, the Adam Smith Institute, yesterday hit out at the Tories’ ‘deeply immoral’ failure to bring down the national...

CHILDREN are starting school underweight, hungry and anaemic, a committee of MPs warned yesterday, and teachers’ union NUT blamed Tory cuts as responsible for...

LABOUR PM Gordon Brown, after the financial collapse in 2008 and with the full support of the Tories, rescued the UK banks from their...

‘THE public no longer have the trust in him,’ Labour Leader Jeremy Corbyn said of PM Cameron after he attempted to justify his involvement...

ON every front – the economic, the political and the ideological – the capitalist ruling classes and their system are reeling and in desperate...

‘HUNGRY pupils mean we risk returning to a Victorian era rife with inequality,’ a survey by teachers union ATL has found. Almost four in ten...

STEELWORKERS’ representatives from the Community, Unite and GMB trade unions met at the TUC yesterday to demand action to save their jobs and industry. They...

THE Wikileaks organisation dropped a bombshell on the International Monetary Fund (IMF) last Saturday when it published the transcript of a private conversation between...

COMMUNITY steel union representatives from all of the Tata Steel plants are meeting at the TUC today to discuss and plan the struggle to...

CAMERON yesterday gave the ‘V’ sign to the appeals by the Unite and TUC leadership that there must be a temporary nationalisation of Tata...

TATA Steel announced yesterday that it is getting out of Britain at once, threatening the jobs of 19,000 steelworkers in Port Talbot, Rotherham, Corby,...

THE decision by the bosses to sell off Tata Steel is one that will lead not just to poverty for 19,000 workers and...

THE bourgeois media has been awash this weekend with coverage of the centenary celebrations of the 1916 Easter Uprising in Dublin, with reports on...

LAST Wednesday Chancellor Osborne, with all the arrogance of a Tory millionaire born to rule, stood up in parliament and announced that he was...

IT is an expression of the depth of the crisis of British capitalism, that Duncan Smith, the ex-Tory leader, the would-be Puritan...

TEACHERS’ unions and the BMA led the condemnation of Tory Chancellor Osborne’s Budget on Wednesday, in which he announced the forced academisation of every...

IN advance of the Tory budget on Wednesday, where chancellor Osborne is due to announce even more savage austerity cuts, the charity Oxfam has...

LAST November 25th in his Autumn Statement Chancellor Osborne was full of praise for the way that allegedly the UK was now full set...

ON Thursday afternoon Mario Draghi, head of the European Central Bank (ECB), announced that the bank has cut its benchmark interest rate from 0.5%...

‘OTHER trade unions should take action to support us and defend the NHS and I really hope we are all going to come together...

BANKS and speculators are attempting to offload mortgage default risk onto unsuspecting taxpayers and pension funds amid fears of a looming property crash in...

THE giant German car maker, BMW, has written to every one of its 8,000 employees in Britain making the thinly veiled threat that in...

THE spectacle of the Tory party tearing itself apart over the EU referendum will most certainly gladden the hearts of workers across the country. Last...

AT THE end of last week the Tory chancellor, George Osborne, announced that all his stated austerity plans in last autumn’s budget statement were...

MERVYN KING, the head of the Bank of England from 2003 to 2013, has added his name to the number of the capitalist world’s...

THE Cameron-led debate in the House of Commons on Monday disclosed a Tory Party split down the middle, with Boris Johnson leading a revolt...

A CASE brought before the Supreme Court yesterday spotlights the extent to which British capitalism inflicts not just indignity but the denial of the...

THE GREAT gold rush has begun! Gold surged 5% on Thursday to a five-year high as plummeting world markets have driven investors to search...

WHEN one of the biggest banks in the world is forced to publish an open letter to staff, investors and depositors that, contrary to...

BARTS Health NHS Trust, the biggest hospital trust in the country, will go £134.9 million in the red by the end of March according...

THE World Economic Forum meeting in Davos to celebrate capitalism finds the assembled chief executives, politicians and would-be prophets much more pessimistic and frightened...