Tag: banks

‘The UK is responsible for one in five of the world’s tax havens – that’s more than any other country,’ stated Tax Justice Policy...

A GRANDMOTHER, who because of the Bedroom Tax, had to pay an extra £20 a week, has thrown herself in front of a...

THE Greek Statistics Authority (ELSTAT) has announced that unemployment reached 27% last February, while youth unemployment (15-24 years old) reached 64.2%, from 54.1% in...

DAVID Prior, the new head of the NHS regulatory body the Care Quality Commission, nailed his colours firmly to the Tory mast of privatising...

The crisis of European capitalism is so severe that it has driven the bourgeoisie to tear at each other’s throats in a frenzy of...

THE News Line Editorial Board sends its revolutionary greetings on this 2013 May Day to the workers and the oppressed nations fighting imperialism throughout...

YESTERDAY the Tory-led coalition launched its ‘pathfinder’ trial of the new Universal Credit System at a job centre in Ashton-under-Lyne, Manchester. From here the government...

OVER 200 Young Socialists and trade unionists lobbied the General Council of the TUC on Wednesday morning as it assembled to discuss the calling...

TODAY’S meeting of the TUC general council must get off the fence and call for an immediate all-out, indefinite general strike to bring down...

The Royal College of Nursing (RCN) started its annual conference this week in the midst of a brutal attack on the nursing profession spearheaded...

LAST Friday, Fitch ratings agency became the second of the world’s three big credit agencies to strip Britain of its top notch triple-A credit...

MOTIONS censuring the union’s leadership are being discussed at the Unison Health Care Service Group Annual Conference being held in Glasgow on 22 –...

THE Croke Park II proposals to cut the public sector pay bill, as part of an additional one billion euros of state cuts, have...

News broke yesterday that the long expected attempt by the coalition to sell off and privatise Royal Mail is set to occur this autumn. What...

The Federation of Greek Seafarers Trades Union PNO have called a 24-hour strike for 16 April on all ferries, passenger and cargo ships, against...

THE News Line calls for a massive lobby of the next meeting of the TUC General Council on Wednesday 24th April, to demand the...

IMF managing director Christine Lagarde has warned that the worldwide financial crisis is deepening and more threatening than ever. In a speech at the...

LEADER of the Coalition of the Radical Left (SYRIZA) Alexis Tsipras has warned that the Troika ‘maybe wants to abolish democracy’. Speaking at a railway...

MARGARET Thatcher was ignored by the bourgeoisie for 23 years after she was put out of office by the Tory leadership in 1990. This...

TORY leader Cameron has backed Chancellor George Osborne after he suggested a link between the Mick Philpott case and the Welfare State. The prime...

OVER two hundred workers, trade unionists and youth attended the News Line-North East London Council of Action Special Conference to defend our hospitals and...

GREEK seafarers along with dockers and all other ports workers staged a solid 24-hour national strike last Wednesday against two separate government Bills to...

THE farcically misnamed Banking Standards Commission (as if the banks had any standards) was created to try and prevent an even bigger banking collapse...

THE International Monetary Fund has delivered a brutal assessment of Ireland’s economic situation, complaining of a lack of progress by banks, and dangers of...

THE demand for a general strike to bring down the government has been driven by the working class onto the immediate agenda of the...

THOUSANDS of investors have launched a joint compensation claim for more than £4.0bn against Royal Bank of Scotland, claiming the 82% state-owned bank deliberately...

HUNDREDS of US cities are going bust, either destroyed by the banking and property collapse or by the crisis of the major US industries. The...

A FURTHER nail was driven into the coffin of British capitalism this week with the release of figures showing that the income from overseas...

Thousands of Bank of Cyprus employees remained in occupation of the bank’s Nicosia headquarters in defence of their jobs yesterday, after hearing that the...

FURIOUS CYPRIOT workers took over the streets of Nicosia on Tuesday and occupied the Bank of Cyprus. The occupation took place on the...

‘THIS decision is painful for Cypriot people. This decision was a defeat,’ Cyprus Parliamentary Speaker Yiannakis Omirou said yesterday. He was referring to the deal...

YESTERDAY’S ‘solution’ to the economic crisis of Cyprus is simply the decision of the EU bankers and the IMF to completely bankrupt the country...

POLICE were yesterday searching the home of Boris Berezovskiy. They were desperately looking for chemical, biological or nuclear material, so that they could...

MPs in Cyprus have been told to agree, by Monday, on a series of bills to raise 6bn euros off the backs of the...

CIVIL servants called for more action during their national Budget Day strike on Wednesday. PCS members at a lively picket outside the National Portrait...

ON a day during which it was announced by German bankers that Cyprus’ banks may never open again, and by the ONS that UK...

THE Cypriot parliament yesterday postponed an emergency session on the 7-10% banking tax imposed by the EU on every depositor in the country’s...

SPEAKING on BBC radio yesterday morning the LibDem business secretary, Vince Cable, described proposals being put forward by senior Tory MP Liam Fox as...

THE US trade gap widened in January to $44.45bn (£29.53bn) from December’s figure of $38.14bn, the US Commerce Department has reported. Much of the rise...

Nothing typifies the vicious war against the poorest and most vulnerable sections of the working class more than the introduction next month of...

US President Barack Obama has signed in a wave of steep spending cuts that will take $85bn (£56bn) from the US federal budget this...

THE Liberal Democrats have won the Eastleigh by-election, with the UK Independence Party pushing the Conservatives into third place, with Labour as also-rans. Mike Thornton...

WHATEVER the outcome of yesterday’s by-election in Eastleigh, it spells disaster for the Tory-led coalition government. Should the LibDems scrape a win over the Tories...

EUROPEAN stock markets fell sharply yesterday, with the election result in Italy producing no government, but marking a massive vote against austerity. Italy’s FTSE MIB...

THE bourgeoisie of Europe woke up on Tuesday morning to discover, to their horror, headlines proclaiming that the third largest economy in Europe had...