Tag: banks

AS the results of Thursday’s local council elections come in and are poured over by the main political parties and the pundits in the...

THE Association of Teachers and Lecturers (ATL) says the failure of academy chains requires the government to consider taking schools back into local authority...

ALMOST half of UK stock market investors fear that markets are seriously overheating, raising fears that a major world wide economic crash is imminent,...

IT was reported yesterday that a survey of the top professional ‘money managers’ revealed that these investment experts believe that the world’s leading stock...

BANK of England governor Mark Carney yesterday gave his strongest warning yet about the dangers to the UK’s capitalist economy posed by a collapse...

BRITAIN’S richest people have never been richer having cornered £520bn between them, says the Sunday Times Rich List. The 26th annual Sunday Times Rich...

TWO-HUNDRED workers, trade unionists, students and youth attended the News Line-All Trades Unions Alliance (ATUA) Conference at Conway Hall, Red Lion Square, in Holborn,...

THE OECD has in effect, accused the Bank of England and the Coalition government of blindly organising another banking disaster, under the cover of...

US President, Barak Obama, returned last week from a tour of Asian countries designed to put military flesh on US imperialism’s ‘Asian Pivot’. This military...

SIR Jon Cunliffe, Deputy Governor of the Bank of England, is a very worried man – with good reason. What is keeping him awake...

10,000 WORKERS, trade unionists and youth were on the London May Day March on Thursday from Clerkenwell Green to Trafalgar Square. The march was led...

THE News Line Editorial Board sends its May Day greetings to the working people of the world at a time when the world capitalist...

‘Toxic, Corrosive and Hazardous’: The government’s record on health and safety – a TUC report published on Monday – Workers’ Memorial Day –...

The UK economy grew by 0.8% in the first quarter of 2014, compared to 0.7% in the fourth quarter of 2013, according to the...

THE Tory coalition yesterday launched their latest scheme to drive unemployed people off benefits. The scheme, cynically entitled ‘Help to Work’, targets ‘long-term unemployed’ people...

ON Saturday 10th May, the News Line and the All Trades Union Alliance – the industrial arm of the Workers Revolutionary Party – will...

The results of a consultative ballot of 600,000 local government and school members of the Unison union recorded a massive 70% rejection of the...

FOOD bank donations have soared 1,000% in response to the ‘utterly vile’ Mail on Sunday attack on food banks, a charity revealed yesterday. The Trussell...

AS hard evidence emerges about how the ‘local welfare assistance’ scheme is operating in practice across England, it is quite clear that deliberately starving...

THE food bank charity, the Trussell Trust says it has handed out 913,000 food parcels in the last year, up from 347,000 the...

THE proposal to blow up five blocks of flats in Glasgow’s Red Road, as part of the opening ceremony for the Commonwealth Games, has...

BANKRUPTED Greece, still up to its neck in debt, is to sell five-year bonds, in the country’s first long-term debt sale since its international...

MARIA MILLER has been forced to resign. After publicly displaying her arrogant determination to defy all the calls for her to go – a...

THE Tory work and pensions secretary, Iain Duncan Smith yesterday launched yet another vitriolic attack on the unemployed, the sick and disabled. On Sunday he...

IMF Managing Director Lagarde has warned that the world economy is ‘too weak for comfort’, and that it could be heading for years of...

THE death of a 40-year-old woman at Yarl’s Wood on Sunday has once again thrown the spotlight on the privately-run immigration removal centre. According to...

On the eve of a crucial vote set for Sunday midnight in the Vouli (Greek parliament) over a new Austerity Measures Bill, the Greek Development...

Unions have condemned the Chancellor’s 2014 austerity Budget with Unison calling it a ‘clear provocation’, the NUT saying it was ‘more of the same’...

OSBORNE’S BUDGET speech was devoid of any attempt to analyse the world crisis that is gripping capitalism and which is deepening by the hour,...

TORY Chancellor Osborne’s class war Budget yesterday had at its centre a Welfare Spending Cap of £119.5bn for 2015-16. The limit on total welfare spending...

THE report by the charity Oxfam entitled ‘A Tale of Two Britains’ puts definite figures on the simple fact known by every worker that...

GREEK public sector workers went on a 24-hour national strike on Wednesday against the so-called government ‘mobility scheme’ to bring in tens of thousands...

THE Tory-led coalition will now be able to close all of the hospitals on its hit list, and more as it wishes, to ‘save’...

LABOUR has pledged a ‘jobs guarantee’ scheme for young unemployed people, that will last for the whole of next parliament, if it wins the...

SACKED Finance Ministry cleaners demanding re-employment, occupied the Athens district tax office in Kallithea yesterday morning. At the same time, state teachers on the ‘mobility...

ELDERLY and disabled passengers are losing vital bus services because of cuts in government funding, councils in England are warning. The Local Government Association (LGA)...

THE coalition government’s favourite private benefits testing company, Atos, is desperately attempting to jump ship after pocketing a fortune for driving people off sickness...

THE Tory-led coalition's savage attack on welfare claimants and the inevitable poverty and destitution they have caused for millions of working class families ...

RETAIL Price Index (RPI) inflation, which includes housing costs, grew by 2.8% in the year ending January 2014, up from 2.7% in December 2013. This...

NONE of the three main parties have very much to shout about over the outcome of the Wythenshawe and Sale East by-election. Labour’s Michael Kane...

THE full effects of the coalition’s bedroom tax, which was introduced last April, have been highlighted in two reports published on Wednesday and revealed...

BARCLAYS bank yesterday announced plans to sack 12,000 bank workers and in the very same breath announced whopping bonuses for its top bankers. The...

RETURN to 1950s-style credit controls or face a credit-fuelled global collapse, was the stark warning given by the former stock market regulator, Jonathan Turner...

A UN human rights committee report on UK social housing conditions has urged the ‘immediate suspension’ of the bedroom tax in the UK. The bedroom...

AFTER all the fake sound and fury of parliamentary question time, with party leaders locked in apparent combat without quarter given or asked for,...