Tag: banks

THE one clear message that emerged from Cameron’s speech yesterday was that the political representatives of the capitalist class in Britain have given up...

‘I BELIEVE that young people and working class people are being treated very badly by the capitalist system,’ Workers Revolutionary Party candidate Jonty Leff,...

LENIN’S definition of a revolutionary situation was one in which the ruling class could not rule in the old way, and was riven with...

THE appalling death of up to 950 people fleeing the war-torn regions of the Middle East and North Africa has prompted the political representatives...

FOR many years the Labour Party projected itself as the champion of the working class, hence its very close ties with the trade unions,...

IN a speech on immigration in the Wirral, north-west England, on Saturday, Ed Miliband pledged a Labour government would make sure everyone in Britain...

AT its Spring Meeting in Washington this week, the International Monetary Fund (IMF) made a direct intervention in the general election with an undisguised...

JUST retired NHS chief Sir David Nicholson CBE has left the NHS with a pension pot worth almost £1.9 million, after earning a basic...

POLITICAL ‘role reversal’ is the phrase being bandied about by bourgeois political commentators as they scratch their heads trying to make comparisons between the...

ED Miliband yesterday assured the bankers that a Labour government would cut the current account deficit in each year of its office. Launching his party’s...

NEXT week Washington will host the spring meetings of the International Monetary Fund (IMF) and World Bank. At this gathering, the world’s economic policymakers will...

THIS week all pretence that the illegal regime, that took power in an imperialist-inspired and financed coup last year, rests on ‘popular democratic’ support,...

WALTHAMSTOW’S WRP election premises were opened on Thursday evening to a loud cheer from campaigners and supporters who had gathered outside the shop. Workers Revolutionary...

THE Greek National Federation of Railworkers (POS) has expressed its ‘disappointment’ at the government’s intention to privatise TRAINOSE (Greek Railways). In a statement issued on...

YESTERDAY in Warwick, Labour leader Miliband mustered a battery of very ‘moral’ arguments about ‘fairness’, and the colonial origins of non-dom status, as if...

LABOUR leader Ed Miliband yesterday pledged a Labour government would abolish the non-domicile rule that allows some wealthy UK residents to limit the tax...

THE expansion of food banks across the United Kingdom is associated with cuts in spending on local services, welfare benefits and higher unemployment rates,...

TO say that the international banking system and the world stock markets are in a state described as ‘nervous’ is to do great injustice...

HUNDREDS of mineworkers armed with wooden sticks, employed at the Skouries gold mine in the Khalkidiki area of northern Greece, on Sunday morning supported...

THE giant international bank HSBC is ‘cast-iron certain’ to break the regulatory rules, the laws which are supposed to govern banking practices, again. These were...

THE American viewing public got a stark warning from the billionaire Donald Trump during a recent TV interview when he announced that Americans should...

THE Coalition of the Radical Left (SYRIZA) and Independent Greeks party (ANEL) coalition government, has confirmed that it is to implement a privatisation programme. This...

LABOUR leader Ed Miliband, put on his Tory hat yesterday when he launched his party’s Business Manifesto, at business news agency Bloomberg and...

GREATER Manchester Association of Trades Union Councils (GMATUC ) has called a mass NHS emergency protest rally for Sunday to protest against the plan...

General Election – Thursday 7 May 2015 ALL over Europe the anti-austerity revolution is raging and on May 7 workers in the UK will deliver...

THE general election campaign by both Tories and Labour kicked off on Thursday night with separate television interviews of Cameron and Miliband. While Miliband was...

UNITE yesterday warned of ‘a dangerous and quickening race to the bottom’ in the UK’s offshore oil and gas industry as oil giants Shell...

JAMES Bullard, the head of the St Louis Fed, told a recent City Week Forum in London that investors are far too complacent and...

CAMERON is now going into the May 7th general election with a declaration that he does not intend to serve a third term, that...

DESPITE all the propaganda pumped out by Osborne in his budget speech last week, about UK capitalism ‘walking tall’ and well on the way...

EAST London GPs, patients and supporters on Thursday staged a protest in Limehouse against cuts in funding that threaten to bankrupt around a dozen...

EAST London GPs, patients and supporters yesterday staged a protest in Limehouse against cuts in funding that threaten to bankrupt around a dozen surgeries...

TORY Chancellor Osborne yesterday delivered a Budget that continues the savage austerity war on the working class, while handing billions to big business and...

STUDENTS and unemployed youth have occupied the Law School building of Athens University in the centre of the city demanding the closing down of...

TOMORROW the Tory chancellor, George Osborne, will be presenting before parliament his last budget before the general election on May 7 – a budget...

YET another authoritative report detailing the developing world banking crisis has surfaced – a report which if shorn of its dry academic language paints...

THE Eurogroup’s President Jeroen Dijsselbloem said on Tuesday that unless the Greek government implements immediately the promised ‘reforms’ – that is austerity measures –...

A ‘LEHMAN BROTHERS debt crisis’ in the heartland of Europe is how the news that a major Austrian bank collapsed last week was described...

THE Bank of England this week was revealed to be under investigation by no less than the Serious Fraud Office. Founded in 1694, the Bank...

THE Serious Fraud Office (SFO) is investigating allegations that the Bank of England rigged the way that money was ‘auctioned’ to banks during the...

100,000 children were left to starve last year as a direct result of the Tory-led coalition’s drive to cut benefit payments to the unemployed...

THE GERMAN parliament voted yesterday to extend the ‘bailout package’ to Greece by another four months, while in Greece workers erupted on the streets...

SYRIZA policy going into the general election, through which it came to office, was to write off most of Greece’s 322bn euro debt. It demanded...

THE fact that the Greek working class brought Syriza from nothing to power, in the course of one general election, has been correctly taken...

THE Greek government decided on Saturday to accept all terms laid down in a statement agreed at last Friday’s Eurogroup Finance Ministers’ meeting that...