Tag: banks

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...

THE slaughter of the British steel industry continued yesterday with the official announcement by Tata Steel that it is to axe a further 1,050...

LAST week saw the ruling classes of the capitalist world reeling at the prospect of another huge banking crash, with its high priests, the...

THIS week saw a series of announcements from banks and economists about impending doom for capitalism. On Wednesday, the RBS bank advised all its clients...

TODAY’S strike by junior doctors has the support of 100% of workers across the country. They are not fooled by all the Tory propaganda that...

IN a speech yesterday and in interviews with the BBC, the Tory chancellor, George Osborne, admitted that, contrary to everything he has said in...

BRITAIN’S housing bubble is a threat to the global stability of capitalism – this is the assessment of Crispin Odey, the country’s leading hedge...

AN increasing number of pupils in Scotland are going to school hungry and a number are displaying signs of stress and lethargy, according to...

NEW YEAR’S MANIFESTO by the News Line Editorial Board THE News Line Editorial Board sends its revolutionary greetings for the New Year of 2016 to...

THE south-east London borough of Newham achieved the dubious record of having the biggest rise in house prices in the whole of the UK...

THE Army has been called out in York, Leeds, and parts of Lancashire after flood defences failed. In the case of York the...

THE US Federal Reserve has raised interest rates by 0.25 of a percentage point – its first increase since 2006. This is after years of...

‘STOP bombing Syria! Welfare not warfare! David Cameron shame on you! Hilary Benn shame on you!’ shouted crowds at the end of a 10,000-strong...

CAPITALISM’S latest scheme to save failed banks claimed the life of an Italian pensioner who lost his £72,000 life savings following the collapse of...

OUTSIDE Downing Street yesterday, special forces veteran Ben Griffin read out a message on behalf of disabled veteran Dave Smith. Griffin said: ‘Dave Smith can...

THE Engineering Employers Federation (EEF), the body that represents the manufacturing industry in Britain, has produced its latest forecast which spells out how the...

THE disarray and panic that is a permanent state for the central banks of Europe and America was on open display yesterday. In the US,...

JUST when the eurozone bankers and capitalist class were congratulating themselves on beating the  reformist Syriza government of Greece into submission, an even bigger...

IN advance of the Tory chancellor, George Osborne, announcing to parliament on Wednesday his spending review, which will detail exactly how he intends to...

NEXT week, the Tory chancellor, George Osborne, will be announcing the results of his spending review to parliament, outlining £20 billion of austerity cuts...

THE economy of the Eurozone countries is sinking even deeper into crisis making a mockery of all the talk about an economic ‘recovery’. This was...