Tag: banks

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...

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...