Tag: banks

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...

YESTERDAY the Tory chancellor, George Osborne, proudly announced that four government departments have agreed to make cuts in their budgets of 8% a year...

‘I’M CALLING for a general strike to smash this bill,’ Bakers Union leader Ian Hodson told News Line on Monday afternoon in Westminster, where...

SINCE the election of the Tory-led coalition government in 2010, young people have been hammered into the ground to the extent that they face...

A VERY senior US official, Michael Froman, has warned Britain against leaving the 28-nation European Union saying such a move would cost London economically. Froman...

Libyan Free Press – EDITORIAL STATEMENT – OCTOBER (2015), marks the four-year anniversary of the disappearance of Libya’s leader, Muammar Gadaffi, and...

THE Tories this week pushed through parliament their plans for ‘English votes for English laws’ under which only English MPs would have the right...

SYRIAN President Bashar al-Assad and Russian President Vladimir Putin held talks on the improving situation in Syria in Moscow on Tuesday. The talks were a...

YESTERDAY the Tory business secretary, Sajid Javid, convened an emergency summit meeting in Rotherham on the dramatic collapse of the UK steel industry. From the...

JOHN McDONNELL the newly appointed Labour shadow chancellor, made his first speech to the Labour Party conference yesterday outlining the ‘new economics’ that he...

THE conference called tomorrow by the West London Council of Action and the All Trades Unions Alliance has come at a critical time. This week...

ON Thursday evening, the US Federal Reserve policy committee decided yet again that it did not dare to raise interest rates by a fraction...

THE TORIES ‘are declaring war on organised Labour in this country’ Jeremy Corbyn, newly elected leader of the Labour Party, told delegates at the...

THE Swiss based Bank for International Settlements (BIS) has just issued its starkest warning yet that the entire debt fuelled international banking system is...

IN A speech yesterday, the Tory prime minister, David Cameron, promised to privatise every public service in the country, to ‘open up’ public services...

IT IS becoming clear that the Governor of the Bank of England, Mark Carney, is very scared about the effects of the expected rise...

‘ARREST the war criminal now!’ shouted more than 500 Palestinians and their supporters outside 10 Downing Street yesterday, as they demonstrated against visiting Israeli...

LESS than a week before the start of the TUC’s annual conference, the Tory government has unveiled a whole raft of new proposals to...

FOUR Seasons Health Care, the largest provider of care homers for the elderly in Britain, has announced that it is going bust, losing £26...

THE deepening worldwide capitalist crisis is driving forward revolution with seven-league boots. The crisis is threatening a new banking and industrial crash at any moment...

CHINA cut its main interest rate by 0.25 percentage points to 4.6% yesterday, for the fifth time since November, as it moved to try...

THE world crisis of capitalism has now erupted once again and has the deformed workers’ state of China in its sights, and no doubt...

WITH his resignation as Greek prime minister on Thursday night, the leader of the ‘left’ Syriza government, Alexis Tsipras, has signalled that he and...

THE number of GPs having to refer patients to food banks is increasing, with more than one in five having to take drastic action...

THE Department for Work and Pensions has admitted lying to the public by making up stories from fictional claimants, and passing them off as...

YESTERDAY the main rail unions held a series of protests at rail stations which involved the handing out of postcards to commuters detailing the...