Tag: banks
Bank of England trapped by inflation crisis – socialism the only...
THE BANK of England is due to meet this week to announce an increase in interest rates, with ‘experts’ predicting an increase of 0.5%...
Tories Breaking Apart Along With Their Bankrupt Economy While The Tuc...
UK capitalism is now the sick man of the capitalist world. Its economy is going broke while the Tories openly discuss knifing the NHS,...
Tory sleaze again – boot them out with a general strike!
NADHIM Zahawi, the Tory Party Chairman and ex Chancellor of the Exchequer, has for months been avoiding questions about his tax affairs, but on...
South African trade unions battle inflation as food prices rise by...
SAFTU – the South African Federation of Trade Unions – notes the stubborn inflation which remains high above 7%, and averaged 7,2% in December...
Washington Hits Its Debt Limit – After A ‘Devastating Default’...
THE US RULING CLASS has hit its debt limit, with the Treasury Department now taking measures to try to prevent a devastating default. Reaching the...
TUC will not be considering a general strike says Nowak!
NEW TUC leader Paul Nowak has insisted that tomorrow’s meeting of the TUC General Council in central London will not be considering calls for...
Latest IMF warning that 2023 is year of world recession –...
THE HEAD of the International Monetary Fund (IMF), Kristalina Georgieva, has delivered a stark New Year warning that a third of the world economy...
Tories determined to impose even bigger pay cuts on NHS...
TORY ministers have instructed the supposedly independent NHS Pay Review Body to cap the wages of frontline health workers to just 2% in 2023-24. At...
2023 – Will be the year for World Socialist Revolution! –...
THE News Line Editorial Board sends revolutionary greetings for 2023 to all our readers, and to the working class, youth and the poor, who...
‘NO CHOICE BUT TO TAKE ACTION!’ say firefighters and control staff
‘FIREFIGHTERS and control staff are being left with no other choice but to take action,’ Fire Brigades Union (FBU) General Secretary Matt Wrack said...
‘The sole intention is to destroy the jobs of postal workers’...
CWU members braved the continuous pouring rain yesterday morning at the Greenwich, Blackheath and Charlton delivery office London SE10. CWU General Secretary Dave Ward told...
Tories Accuse Striking Nurses Of Murder As They Move To Knife...
YESTERDAY Tory Health Secretary Barclay, who is refusing to negotiate with the NHS trade unions over NHS pay, accused striking nurses of putting patients’...
Tories declare class war to the finish – time for trade...
ON THE EVE of the unprecedented strike by nurses and ambulance workers, Tory prime minister Rishi Sunak said that he will not ‘back down’...
‘We need a general strike!’ – strong call from picketing nurses
THE TORY government issued a calculated insult to thousands of striking nurses yesterday as the Royal College of Nursing held national strike action for...
Stop The Bosses Plan To Smash Trade Unions – Recall...
PM Sunak yesterday accused RMT leader Mick Lynch of causing ‘misery for millions’ with the ‘cruelly timed’ pay rise walk-outs by rail workers. He...
Stop The Bosses Plan To Smash Trade Unions – Recall...
PM Sunak yesterday accused RMT leader Mick Lynch of causing ‘misery for millions’ with the ‘cruelly timed’ pay rise walk-outs by rail workers. He...
NOW is the time for the TUC to call a general...
THE nurses’ strike actions have revealed that they have the massive support of the vast majority of the working class in the UK, and...
Bankers raise interest rates to deepen the slump, and make...
THE Bank of England has raised UK interest rates to their highest level for 14 years as it battles to stem soaring prices, by...
PCS strikes across the UK against ‘pathetic’ pay increases
PCS (Public and Commercial Services) union members on Tuesday began a series of strikes across England, Scotland and Wales which the Tory government intends...
Meet Tory preparations to fight it out with working class by...
30 MILLION people in Britain will be unable to afford a decent standard of living in the coming year according to a study published...
Chancellor Hunt promises ‘it’s going to get worse’ for the working...
TORY Chancellor Jeremy Hunt yesterday morning admitted that the UK economy is ‘likely to get worse before it gets better’ although he went on...
CWU members march to 17,000-strong national rally
STRIKING postal workers took part in a 17,000-strong Communication Workers Union (CWU) national rally in Parliament Square, central London, on Friday afternoon. News Line spoke...
Tories Ignore RCN Offer To Talk!
TORY Foreign Secretary James Cleverley yesterday rejected talks with the Royal College of Nursing (RCN), whose members are coming out on strike this Thursday...
Tories are bringing in savage anti-union laws to police the working...
THE GOVERNMENT has announced what it says is one of the biggest bonfires of financial regulations to allow the City of London to rule...
‘A generalised attack on working people’ – RMT leader Lynch
THE RMT rail union announced yesterday that it is to put a new offer from Network Rail to members in an electronic referendum with...
No economic solution to capitalist crisis as BIS warns financial markets...
THE BANK for International Settlements (BIS) – dubbed the bank for central banks – issued a dire warning in its latest quarterly review that...
Union leaders address UCU strike rally
UCU MEMBERS were out on strike on Wednesday with historic numbers this week over stagnant pay, miserable working conditions and casualisation of academic work. In...
China ready to forge closer links with Russia – ...
CHINESE President Xi Jinping said on Tuesday that China is ready to work with Russia to forge a closer partnership in energy cooperation. Energy cooperation...
Answer Tory plans to use military as strike breakers with a...
With nurses and thousands of NHS workers planning to take national strike action next month over their demands for pay increases to protect them...
SAFTU condemns interest rates hike as postal workers strike for 15%...
The South African Federation of Trade Unions (SAFTU) on Friday condemned the South African Reserve Bank (SARB)’s Monetary Policy Committee (MPC) hiking of the...
‘GENERAL STRIKE TO DEFEND POSTAL SERVICE’ – ‘We must win this...
STRIKING postal workers fighting Royal Mail’s diktat yesterday called for a general strike. On a lively picket line outside Camden Delivery Office, London NW1, Communication...
Answer Royal Mail’s war on trade unions with a general strike
THE POSTAL workers union, CWU, is now in a headlong collision with a Royal Mail management openly moving to destroy the union as an...
‘IT’S TIME FOR THE UK SOCIALIST REVOLUTION!’ – Dave Wiltshire tells...
OVER 100 workers, students and youth attended the News Line Anniversary Rally at the Wheatsheaf Community Hall in Vauxhall, south west London on Saturday...
53rd Anniversary of News Line – 82nd Anniversary of Trotsky’s assassination
FIRST speaker at the News Line Anniversary Rally on Saturday was Bill Rogers, ASLEF Chingford Branch Chairman, who said: ‘This rally is being held...
Hunt’s Autumn budget – brings in the open dictatorship of...
YESTERDAY, Tory Chancellor Jeremy Hunt delivered his Autumn budget – the second budget from the government in under two months. The first was the disastrous...
Unions Warn – Increase Pay To Fill The 132,000 NHS Vacancies!
UNIONS representing more than a million staff working across the NHS met with Health Secretary Steve Barclay on Tuesday to discuss the growing workforce crisis...
Answer Hunt’s ‘eye-watering’ austerity cuts to restore the confidence of ...
THE UNITE trade union kicked off a campaign yesterday morning to call on Tory prime minister Rishi Sunak and chancellor Jeremy Hunt to ‘use...
UK capitalism is in its death agony – Now is the...
THE UK economy is heading for a recession and a slump as the latest official figures show. It shrank between July and September by...
Midwives Launch Action Ballot
THE Royal College of Midwives (RCM) yesterday launched only its second ballot on industrial action in England and its first in Wales in its...
Capitalism diving into recession and hyperinflation – time to put it...
YESTERDAY morning, Tory ministers had to submit to the Office for Budget Responsibility (OBR) their plans to impose the cuts demanded by Chancellor Jeremy...
Marchers call for Tories to be brought down on ‘Britain is...
Over 10,000 workers and youth joined the ‘Britain is Broken’ march through London on Saturday, called by the People’s Assembly, with big delegations from...
UK capitalism is in its death agony – It is time...
THE Bank of England yesterday raised interest rates by the most in 33 years from 2.25% to 3%, and accompanied its action with a...
Bank Raised Rates To 3% Predicts 2-Year Slump & Double Unemployment
THE Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most...
Capitalist State Is Preparing For Seven-Day Blackouts In UK!
THE UK CAPITALIST STATE is currently engaged in a war on two fronts. The first is to aid the right wing Ukrainian regime with hundreds...
TORIES’ PUBLIC ORDER BILL: – Bonfire of rights to appease the...
LIBERTY campaigners, alongside Greenpeace UK staff and volunteers and representatives from other civil rights groups demonstrated outside Parliament on Tuesday as the Tories’ Public...