Tag: banks
Unemployment at 7.7 per cent – food banks facing huge demand
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...
‘We rescue people not banks’ say 4,000 firefighters marching in London
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...
Firefighters, postal workers, teachers must unite to smash privatisation!
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...
Accept £4 billion of London NHS cuts or pay for treatment...
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...
Clashes outside the White House – as debt decision day looms
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...
Royal Mail shares frenzy grips bankrupt bosses
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...
China, Japan Warn Usa About World Default Crisis
BOTH the capitalist class of the world and the Stalinist bureaucracy, which has been expending trillions of dollars buying US debt, are now issuing...
Stop Bedroom Tax! End evictions! Unions must act!
THE warning given over the weekend by the head of one of the leading housing associations that the bedroom tax will lead to mass...
World crisis reaching explosion point!
AS the US government entered its first full week of shutdown, the ruling class in America and the world are in panic mode as...
2.7m people frightened of Universal Credit
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...
US government shuts down as ruling class split widens
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...
Unite the public sector TUC must call indefinite general strike
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...
Balls promises more cuts under Labour
THE shadow chancellor, Ed Balls, made his keynote speech to the annual conference of the Labour Party yesterday setting out the economic policy of...
Brown planned troops on the streets after Lehman collapse
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...
Food Prices Causing Widespread Stress!
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...
Care for the Elderly crisis – capitalist barbarism at work
WHEN workers pass the age at which their labour can be exploited for profit they become a useless burden on society as far as...
‘Indefinite general strike to bring down government-junta’ – Revolutionary Marxist League
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...
King’s Fund warns NHS being systematically destroyed!
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...
Inflation soaring not falling – General Strike now!
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...
Bury bankrupt capitalism – forward to socialism
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...
Smash Royal Mail privatisation!
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...
END THE PAY CAP! – TUC votes unanimously
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...
Renationalise Now!
A SURVEY conducted this week by BBC Radio 5 Live has revealed that more than one third of people in Britain live in fear...
Obama asks Congress to decide on war or peace
IN A MAJOR abdication of Presidential power, Obama has given the US Congress the task of deciding whether there should be a strike on...
Tory Party Turns On Cameron Over Syria
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...
Stop the war against Syria – smash austerity at home
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...
‘ALL-OUT AND UNCONTROLLABLE WAR’ – if West attacks Syria, warns...
A SENIOR Iranian lawmaker has warned the West against a military attack on Syria, saying such aggression will threaten the security of the entire...
Lobby TUC for general strike to bring down coalition
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...
Labour, the CWU and Royal Mail privatisation
LAST Friday the leadership of the Communications Workers Union (CWU) issued a press release welcoming the news that the day before the Labour Party...
US Fed Reserve threatens 2014 end for QE cash supply
THE US Federal Reserve chairman, Ben Bernanke, gave the clearest indication this week that the Fed is intent on pursuing a policy of ‘tapering...
Arab bourgeoisie splits over Egyptian military taking power – ERDOGAN COMPARES...
IN the wake of the growing crisis in Egypt, divisions between the Arab rulers are widening as Turkey and Qatar support the Muslim...
Prescott slams Miliband’s failure as Labour opportunists panic
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...
Capitalist recovery fraud is stoking working class fury
WORKERS and young people will be forgiven if they believe that they are living in some parallel universe that has absolutely no connection with...
Opportunist Burnham launches drive to replace opportunist Miliband!
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...
Housing: new crash fears!
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,...
Low Interest Rates And Quantitative Easing Forever Pledges Carney
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,...
UK £120bn banking shortfall!
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...
McCluskey surrenders! before a shot is even fired
ADDRESSING a meeting of the Unite Executive Council and Regional Political Committees yesterday, General Secretary Len McCluskey made clear that he intends to surrender...
US workers and youth won’t tolerate racist murders
THE eruption of a mass movement in over 100 US cities condemning the clearing of George Zimmerman for the murder of black teenager Trayvon...
Motor City Goes Bankrupt – Unions Denounce Orr Power Grab!
DETROIT, once the motor car capital of the USA where hundreds of thousands of workers used to flock looking for good jobs in the...
50,000 MARCH IN ATHENS! – as part of one-day general strike
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...
British capitalism bankrupt, backward and stuck at the bottom!
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,...
Benefit cap to be lowered by £6,000 say Treasury officials
CHANCELLOR George Osborne, the hammer of the poor, is so determined not to increase the taxes of the rich that he is about to...
McCluskey praises Miliband while Crow calls for a new Labour Party...
OVER a hundred thousand workers and youth took part in the Durham Miners Gala on Saturday and heard Unite’s McCluskey declare his allegiance...
Durham Miners’ Gala must demand a General Strike!
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...