Tag: banks

IN January the European Trades Union Confederation (ETUC) issued the call for trade unionists across the continent to rally on the eve of the...

Late last Friday, Moody’s Investors Service, one of the world’s three main credit rating agencies, downgraded the sovereign credit rating of the UK and...

THE European Commission (EC) yesterday admitted that the eurozone economy would contract in 2013, saying it will shrink by 0.3%. The EC warned that Spain,...

THE pound fell sharply on Wednesday against both the dollar and the euro as the money markets were shaken to the core by the...

IRISH Congress of Trade Unions (ICTU) Chief Economist Paul Sweeney has told a high level global economic summit involving the IMF, World Bank and...

THE news that has emerged that the Tory police and crime commissioner for Northamptonshire, Adam Simmonds, has been in secret talks for twelve weeks...

FIGURES publicised by Labour’s shadow health secretary, Andy Burnham, have shown that one third of England’s hospitals have been completely full at some time...

OVER three hundred firefighters lobbied the Fire Authority meeting in SE London yesterday, where the decision was being made to defy Tory Mayor Boris...

JEREMY HUNT, who did a stint as a very pro-Murdoch Culture Secretary, was reshuffled out of that job and became Health Secretary as a...

OVER 100,000 workers in their unions, with students and youth marched on Saturday through the centre of Dublin, furious at the 64 billion euros...

NHS staff should face prosecution if they are not open and honest about mistakes, according to the public inquiry into failings at Stafford Hospital. In...

THE Irish Nurses and Midwives Organisation has warned that it will pull out of the corporatist Croke Park talks if the Government does not...

THE Food and Allied Workers Union (FAWU) has welcomed, as a ‘short term victory’, an increase in the minimum wage for farmworkers from R69...

Yesterday the Tory chancellor, George Osborne, introduced legislation on banking reforms – reforms which he is desperately trying to insist will prevent the continuing...

DUBLIN – The Irish Congress of Trade Unions has warned that Ireland faces ‘the most dire consequences’ without a significant deal on the country’s...

IN THE UK at the moment there are dozens of District General Hospitals – some of the best in the world – set for...

WITH petrol poised to rise to £7.40 a gallon, the Office of Fair Trading (OFT) has intervened to rub salt into the gaping wounds...

THE response of the Tory-LibDem government to the greatest ever crisis of the capitalist system has been to try to force the working class,...

A STARK reminder of what the real face of privatisation means for the public services has been provided this week with the revelation that...

DUBLIN – Niall Shanahan, Communications Officer of the Impact trade union, has blogged Irish workers that the repayment of Ireland’s bank debt ‘has already...

BANK of England Governor King is going into retirement a worried man – that his successor, the Canadian banker Carney in alliance with a...

2013 OPENS with Michael Farrar, the NHS confederation chairman, appealing for fewer hospitals and beds, and more care for elderly people in their own...

WEDNESDAY’S announcement by the German central bank (Bundesbank) that it was going to physically repatriate its vast gold holdings from New York and Paris...

ON Monday, President Obama addressed the prospect of the USA going bust saying: ‘So to even entertain the idea of this happening – of...

BOTH US Treasury Secretary Timothy Geithner and President Obama issued warnings to the Republican Party on Monday that, so dire is the world crisis,...

Public school teachers in Ontario in Canada are set to go on strike against the state government for imposing new contracts under a controversial...

THERE is no more pathetic sight than that of European bourgeois politicians and economists manically trying to convince both themselves and the world at...

Today Parliament votes on the Tory coalition bill to place a 1% cap on all benefits and tax credits for the next three years...

THE final report into the crisis at Mid-Staffordshire NHS Hospital Trust is due to be published in January after a considerable delay. In fact, the...

MILIBAND’S Labour Party yesterday said that if it was the government it would offer the long-term unemployed a guarantee of a six-month job. This...

Teacher hostility to the government and its policies has increased dramatically in recent months, according to a YouGov survey of 804 teachers, which was...

THE New Year has kicked off with a frenzied attack by both Tory and their LibDem coalition partners on the low paid, unemployed, the...

2013 Manifesto – STATEMENT BY THE NEWS LINE EDITORIAL BOARD THE News Line editorial board sends its revolutionary greetings for the year 2013 to the...

A PETTY incident – the refusal of Downing Street police officers to allow the Tory chief whip to ride his bicycle through the gates...

THE COALITION government’s policy to ‘ring-fence’ the banks is at best a cosmetic attempt to appear to be trying to protect retail banking, and...

THIS week has seen the essence of the banking fraternity emerge after HSBC, Europe’s largest bank, which was rescued by the UK taxpayers in...

THE announcement by the unelected Italian prime minister, Mario Monti, that he is quitting the job  sent the Italian economy into a massive crisis...

THOUSANDS of school students in all Greek cities participated in militant mobilisations against the government’s austerity laws and police violence on Thursday, the fourth...

COMMENTING on the Chancellor’s autumn statement, TUC general secretary Brendan Barber said: ‘When you are self-harming you should stop, not look for better sticking...

In an interview on Sunday the Tory chancellor, George Osborne, made it absolutely clear that as far as the coalition government is concerned there...

TEN million households are suffering from the financial and political crisis says Which? as it calls on the coalition government, ahead of its Autumn...

THE UK’s ‘big four’ banks face a financial black hole of up to £60bn from regulatory demands, hidden losses, and potential mis-selling costs that...

LABOUR has won three by-elections, holding Croydon North, Middlesbrough and Rotherham, while the coalition governing parties were wiped out. The Tories came behind UKIP, their...

20,000 people took part in last Saturday’s march in Dublin organised by the Dublin Council of Trade Unions. The aim of the protest was to...

THE final proof that British capitalism is beached on the rocks has arrived. The situation is so grave, and the reputation of UK bankers so...