Tag: banks

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...

STATEMENT BY THE REVOLUTIONARY MARXIST LEAGUE GREEK SECTION OF THE INTERNATIONAL COMMITTEE OF THE FOURTH INTERNATIONAL WITH fast-track procedures that ridicule all democratic and constitutional statutes,...

USING fast-track procedures, the Greek government SYRIZA (Coalition of Radical Left) leader Alexis Tsipras is pushing through the Vouli (Greek parliament) today the...

CITY trader Tom Hayes has been found guilty of rigging global Libor interest rates. He has been sentenced to 14 years in prison. His...

LAST week the right-wing of the Labour Party showed their desperation over the snowballing support for the Jeremy Corbyn leadership campaign by trotting out...

AT 4.30 am on Thursday the Greek Vouli (parliament) approved by 230 to 63 votes, with seven deputies abstaining or absent, a government austerity...

US president Barak Obama has issued his sternest warning yet to the Tory government of the dangers of Britain leaving the European Union. In an...

DAVID Cameron’s speech outlining his ‘five-year plan to fight extremism’ was in reality an outline of the Tory government’s war plans for both the...

THE AFTERMATH of the COSATU special national conference, held in Johannesburg on the 13th and 14th of July, has split the labour movement in...

THE Greek government of Prime Minister Alexis Tsipras is presenting to the Vouli (Greek parliament) another austerity measures Bill. The vote is to be...

TORY Health Secretary, Jeremy Hunt, announced on June 2nd that the NHS must ‘stop making excuses’ and deliver ‘its side of the bargain’ going...

GREEK public sector workers launched a 24-hour national strike yesterday against the SYRIZA (Coalition of the Radical Left)- ANEL coalition government’s new austerity accord...

EARLIER on Monday the Greek Prime Minister and SYRIZA (Coalition of the Radical Left) leader Alexis Tsipras fully submitted to the Eurozone leaders’ diktats...

THE announcement by the acting Labour leader, Harriet Harman, during an interview with the BBC on Sunday, that the Labour Party would be fully...

A SUMMIT of all European Union members planned yesterday was cancelled to allow the Eurozone Finance Ministers to resume their talks held to ...

Statement by the Revolutionary Marxist League Greek section of the International Committee of the 4th International TODAY, Wednesday 8 July, the Greek Finance Minister Efklides...

THE immediate response of the leaders of the trade unions representing public sector workers to the wage-cutting programme outlined by Osborne in this week’s...

THE GREEK government of Prime Minister Alexis Tsipras in a treacherous U-turn has turned the landslide ‘NO’ to austerity vote in last Sunday’s referendum,...

THE Greek government’s spokesperson Gavriil Sakelarides stated yesterday morning that ‘he was optimistic of a deal’ with the European Commission by this Sunday. He said...

THE STRIKING Tube workers brought London to a standstill yesterday, and every London worker and commuter must give them their full support against the...

THE Greek Prime Minister Alexis Tsipras spoke at the European Parliament on Wednesday morning stating that he was seeking an ‘honourable compromise’ with the...

GREEK Prime Minister and SYRIZA leader Alexis Tsipras initiated a meeting of all the political parties’ leaders in Athens on Monday. A ‘joint statement’, issued...

ON Sunday the Greek working class, youth and rural poor delivered a hammer blow to bankers and the capitalist system when it defied all...

CHANCELLOR Osborne’s second budget this year will be his first for a Tory government with an overall majority and he intends to use it...

GREECE’S Prime Minister Alexis Tsipras offered new concessions to the country’s creditors in a letter that was received by them last Tuesday. In the...

HUNDREDS of workers and youth demonstrated in front of the Greek Business Association (SEV) building in Athens on Wednesday afternoon demanding that firms pay...

IN its latest annual report, the Bank for International Settlements (BIS), the ‘central bank of central banks’, has warned that capitalism is ‘defenceless’ against...

STATEMENT BY THE REVOLUTIONARY MARXIST LEAGUE Athens, Saturday 27/6/15 For a strong class ‘NO’ vote in the referendum! No to the austerity accords! Out of EU, IMF and...

THE Syriza party won the last Greek general election with its declarations that once elected it would put an end to the austerity dictatorship...