Tag: banks

TWO reports this week have driven home the message that in the 21st century a bankrupt British capitalist system can no longer provide even...

ON WEDNESDAY the Adam Smith Institute admonished the Bank of England as ‘worse than useless’, and warned: ‘There is already a major crisis...

‘STRESS testing’ by the Bank of England (BoE) is to disguise the ‘chronic weakness’ of the UK banking system, a new report from the...

THE Adam Smith Institute has just ‘lampooned’ the Bank of England stress tests – which sought to show that the UK’s banking system is...

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...

NORMAL banking operations were disrupted across the whole of India on Friday as bank employee unions went on strike last Friday to protest against...

A NEW report on the non-payment of workers’ wages in Zimbabwe was released earlier this month in Harare, entitled ‘Working Without Pay – Wage...

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...

THE results of the ‘consultation’ launched by the Tories on the 7th April on the proposal to end NHS funded bursaries for student...

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...

ANYONE naive enough to believe for one second the promise made by the new Tory leader that dumping former chancellor George Osborne and replacing...

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...

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 officials refused to prosecute UK-based HSBC bank for money laundering in 2012 because of fears that it would cause a ‘global financial...

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 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 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!’ chanted over 11,000 striking teachers, parents and supporters from London and the south east as they marched through central London to...

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...

HOMELESSNESS among households in England has risen by 54 per cent since 2010 – rising annually every year – shows the latest report by...

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...

THE working class has delivered a crushing blow not just to Tory leaders Cameron and his chancellor Osborne but to the bankers and capitalists...

THE News Line and Workers Revolutionary Party extend our condolences to the family of Labour MP Jo Cox who was murdered in her West...

THE UK Prime Minister, Cameron, has delivered a thinly disguised deadly threat to the UK working class. This is that if it has the...

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...

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,...

THE war preparations by the imperialist nations against Russia took a giant leap forward this week with NATO and non-NATO troops massed in north-western...

A REPORT by an official UN agency has confirmed what every worker across Europe knows – namely that the savage austerity measures carried out...

THE decision on Thursday by the administrators to close all 163 BHS stores and throw 11,000 workers out of a job with immediate effect...

THE massive strike movement against the Socialist Party-imposed anti-union laws is continuing in France with the railways due to take national strike action today...

LAST week the Republican presidential candidate and multi-billionaire property speculator, Donald Trump, unveiled his plan for saving US capitalism from economic catastrophe. During a lengthy...

THE Israeli Minister of Environmental Protection, Avi Gabay, has officially resigned in protest at the appointment of extremist politician Avigdor Lieberman as the regime’s...

IT would be a ‘very dangerous experiment’ for the UK to give Labour leader Jeremy Corbyn power, Tony Blair has told the BBC’s This...

YESTERDAY, David Cameron formally announced that the Tory government would be sending a Royal Navy warship to the coast of Libya as part of...

IT is rapidly becoming crystal clear how important it is to vote ‘Leave’ in the June 23rd referendum on the EU. A ‘Leave’ vote will...

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...