Tag: banks

GLOBAL growth for 2013 and 2014 has been downgraded ‘significantly’ by the Organisation for Economic Co-operation and Development (OECD), because of the crisis in...

‘WE ARE celebrating 44 years of the daily Trotskyist paper that fights for a revolutionary leadership that does not bend, capitulate or collapse at...

THE ages old reformist illusion that the worst excesses of capitalism can be curbed through a mixture of indignation and moral outrage received yet...

PRESIDENT Obama’s attempt to establish a cheaper insurance market that would provide full cover for up to 40 million poor Americans is under all-out...

ON Thursday evening hundreds of Enfield residents were led by the North East London Council of Action into Chase Farm hospital to protest at...

IT was no accident that last Thursday’s storming of the Greek state broadcasting (ERT) building by riot police and the brutal eviction of the...

‘NO CUTS to Cleaners Pay! Our cleaners deserve a living wage, not poverty pay!’ demanded angry cleaners at the College of Haringey, Enfield and...

A VERY nervous House of Commons Treasury Select Committee has just asked the Bank of England to clarify its role in ensuring that the...

CIVIL servants union PCS has slammed the increase in benefit sanctions on the unemployed, that average at 64,307 per month, as ‘truly shocking’. PCS added...

LABOUR leader Miliband yesterday lashed out at the payday lenders and the way that these vulture capitalists are preying on the poor, making life...

Two reports this week bring home that the reality facing millions of workers and their families under this rotten, bankrupt British capitalist system is...

FIREFIGHTERS in England and Wales are on strike from 6am to 8 am today against the vicious government onslaught on their...

ISRAEL has made it brutally plain that it is not in the slightest interested in negotiating any ‘peace of the brave’ with the Palestinian...

IN an attempt to shift the blame for the crisis in the NHS away from the massive cuts inflicted on it by the Tory-led...

IT is clear from Unite leader McCluskey’s article in the Guardian yesterday that he has learnt nothing from the struggles of the 1970s...

UK economic output rose by 0.8% between July and September, official GDP figures show. The data adds to a 0.7% GDP rise in the...

THE deal pushed through Washington late Wednesday night to raise the US debt ceiling – at present standing at a massive $16.7 trillion –...

UK jobless officially fell to 2.49m in the latest government figures, for the three months to August, showing a slight fall of 18,000, not...

OVER 4,000 firefighters marched through central London yesterday against attacks on their pensions and cuts to the fire service. The front banner read: ‘We Rescue...

THE TORY-led coalition is working overtime to privatise the public sector and turn it into a bonanza, a big killing for the big business...

LONDON Hospitals are at ‘breaking point’ according to a report from NHS England over a £4 billion funding gap. NHS England (London region) director Dr...

ANGRY crowds in Washington DC have clashed with riot police in front of the White House over the current government shutdown. A number of rallies...

TODAY is the official starting day of trading on the stock exchange in Royal Mail shares, a sell-off that has been greeted in the...

BOTH the capitalist class of the world and the Stalinist bureaucracy, which has been expending trillions of dollars buying US debt, are now issuing...

THE warning given over the weekend by the head of one of the leading housing associations that the bedroom tax will lead to mass...

AS the US government entered its first full week of shutdown, the ruling class in America and the world are in panic mode as...

A PAYMENT COUNCIL survey shows that more than 2.7 million people who are currently receiving benefits fear they will struggle when Universal Credit replaces...

THE US government has begun to shut itself down after the two houses of Congress failed to agree a budget by midnight Monday. The Republican-led...

TODAY'S four-hour national strike by firefighters is just the tip of a gigantic iceberg of working class hatred steadily bearing down on the leaky...

THE shadow chancellor, Ed Balls, made his keynote speech to the annual conference of the Labour Party yesterday setting out the economic policy of...

IN 2008, the then-Labour prime minister, Gordon Brown, actively considered ordering armed troops onto the streets of Britain as his response to the collapse...

ONE-THIRD of the UK population struggles to pay for food, with almost a quarter saying that growing food prices remain one of the main...

WHEN workers pass the age at which their labour can be exploited for profit they become a useless burden on society as far as...

THE Greek state secondary teachers’ national strike, which began on Monday, is spreading and deepening attracting other sections of workers. Primary state school teachers declared...

A REPORT from the independent health think-tank, the King’s Fund, has revealed that the NHS is systematically being destroyed through government-imposed financial cuts. The Fund...

MONTHLY figures released yesterday reported that inflation in Britain had fallen from 2.8% in July to 2.7% in August, leading some bourgeois economists to...

SUNDAY marked the fifth anniversary of the biggest banking collapse in the history of capitalism to date. On 15 September 2008 Lehman Brothers, a massive...

THE arrogant Tories have announced that the sell-off of Royal Mail is to begin in just weeks. The announcement comes days after the ending of...

YESTERDAY’S TUC Congress in Bournemouth voted unanimously for coordinated industrial action to smash the coalition government’s public sector pay cap and for the outlawing...

A SURVEY conducted this week by BBC Radio 5 Live has revealed that more than one third of people in Britain live in fear...

IN A MAJOR abdication of Presidential power, Obama has given the US Congress the task of deciding whether there should be a strike on...

PRIME Minister Cameron said last Thursday night that he would respect the defeat of his ‘strike Syria’ government motion by 285-272 in the House...

THE humiliating climb-down by David Cameron over Syria on Wednesday night exposes for all to see the weakness of British imperialism, the coalition government...

A SENIOR Iranian lawmaker has warned the West against a military attack on Syria, saying such aggression will threaten the security of the entire...

THIS year the Trade Union Congress meets in Bournemouth from the 8th to 11th September under conditions where, if the Tory-led coalition government have...