Tag: banks

LAST Friday the leadership of the Communications Workers Union (CWU) issued a press release welcoming the news that the day before the Labour Party...

THE US Federal Reserve chairman, Ben Bernanke, gave the clearest indication this week that the Fed is intent on pursuing a policy of ‘tapering...

IN the wake of the growing crisis in Egypt, divisions between the Arab rulers are widening as Turkey and Qatar support the Muslim...

FIRST of all we had Labour ex-Health Secretary Burnham serving notice on Miliband that he had until the spring to challenge the Tory-led coalition...

WORKERS and young people will be forgiven if they believe that they are living in some parallel universe that has absolutely no connection with...

BURNHAM, who served as Labour’s health secretary under Gordon Brown and enthusiastically pursued polices to privatise the NHS, cut its budget and bankrupt it...

THE number of buy-to-let loans, and the amount of lending, are now their highest since the financial crash in the third quarter of 2008,...

THE new Bank of England governor Carney yesterday in his ‘Inflation Report’ gave big business a sample of his ‘forward guidance’. This amounted to inflation,...

THE Bank of England has warned that the biggest banks and building societies operating in Britain face a £120bn shortfall in their finances. In a...

ADDRESSING a meeting of the Unite Executive Council and Regional Political Committees yesterday, General Secretary Len McCluskey made clear that he intends to surrender...

THE eruption of a mass movement in over 100 US cities condemning the clearing of George Zimmerman for the murder of black teenager Trayvon...

DETROIT, once the motor car capital of the USA where hundreds of thousands of workers used to flock looking for good jobs in the...

SOME 50,000 workers took part in two separated marches through the Athens city centre last Tuesday afternoon as part of the one-day general strike...

UK unemployment fell by 57,000 to 2.51 million in the three months to May, leaving the unemployed rate stuck at 7.8% in the UK,...

CHANCELLOR George Osborne, the hammer of the poor, is so determined not to increase the taxes of the rich that he is about to...

OVER a hundred thousand workers and youth took part in the Durham Miners Gala on Saturday and heard Unite’s McCluskey declare his allegiance...

TENS OF thousands of workers and youth are taking part in today’s historic Durham Miners’ Gala at a time when the capitalist system is...

DATES for the planned privatisation of Royal Mail before Christmas are expected to be announced in the House of Commons by Business Secretary Cable...

THE pound fell below $1.49 against the dollar on Friday, close to a three-year low. Sterling traded as low as $1.4858 at one point. The...

THE move by the Egyptian military leadership to overthrow the Muslim Brotherhood government of President Mursi represents a decisive development in the Egyptian revolution...

YESTERDAY the new head of the Bank of England, Mark Carney, officially took up the reins from the outgoing Sir Mervyn King. Carney, formerly head...

ON June 11, the Greek coalition government took the unprecedented decision to close the national TV station in Athens and sack the workforce of...

CHANCELLOR Osborne’s vicious £11.5 billion Spending Review attacks on pay, public services and benefits, were immediately condemned by trade union and TUC leaders representing...

THE Labour shadow chancellor, Ed Balls, engaged in a nauseating charade on Wednesday of verbally attacking his Tory opposite number whilst at the same...

IN HIS Spending Review of yesterday, drawn up at a time when the capitalist crisis is deepening, with inflation rising and the banks warning...

THE Bank of International Settlements (BIS) has broken ranks with the IMF and the World Bank and issued a grim warning to the ruling...

THE health services in England and Wales and Northern Ireland are in massive crisis. In February, The Francis report on Mid Staffordshire hospital (MSH)...

IT REALLY doesn’t take very much to send the international capitalist money markets into a state of panic, as the US Federal Reserve chairman,...

OVER 200 striking refuse workers, who have already endured three years of pay freezes, defiantly marched with their supporters through Brighton and Hove on...

THE petty 5,000 fall in the number of the unemployed (that is the number of workless who are calculated to be looking for...

THE National Association of Letter Carriers’ (NALC) annual food drive collected 74.3 million pounds of food and was the second most successful in the...

WHEN it comes to desperate, mindless optimism the French president, Francois Hollande, is a world leader. In a speech given in Japan over the weekend,...

UP TO 800 firefighters and their supporters on Saturday marched and rallied against the closure of fire stations in London. One march set off from...

LABOUR Party leader Miliband’s speech on the party’s economic strategy showed conclusively that the Labour Party leaders are prepared to completely destroy the Welfare...

CANADIAN Union of Public Employees (CUPE) school worker members in the City of Nanaimo’s Ladysmith school district, British Columbia, have voted overwhelmingly in favour...

YESTERDAY the Labour shadow chancellor, Ed Balls, announced that the Labour Party has officially abandoned the principle of universal benefits in the interests of...

PUBLIC Accounts Committee chairwoman Margaret Hodge has revealed that the Office For Fair Trading (OFT) ‘have never fined a lender for exploiting individual clients’. In...

THE Irish trade union leaders are currently deciding whether to accept state control of their public sector trade unions, including control over wages,...

APART from the bankers and speculators, there is another group looking to make huge profits at the expense of the human misery being created...

THE sharp rises followed almost immediately by even bigger losses on the international stock markets over the past few days, point in only one...

WHEN the leaders of the Coalition are forced to pledge publicly that it will go the distance and will not split apart, the...

ON MONDAY evening, Labour Party leader Miliband completely betrayed the interests of the working class, the youth and the majority of the middle class...

At their annual conference the largest head teachers union, NAHT, passed a motion of no-confidence in the Tory education minister Michael Gove and the whole...

LORD Howe, who is credited with bringing Thatcher down, now seems to be about to perform the same service for PM David Cameron, with...

THE Unite trade union has condemned RBS for ‘brutal and irresponsible’ behaviour by announcing 1,400 job cuts just one day after figures were released...