Tag: banks

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...

THE CBI bosses organisation said yesterday that UK manufacturers expect to reduce output over the next three months, driving another nail into the coffin...

The Technical Engineering and Electrical Union is to contact ‘like-minded unions’ to seek ‘international legal opinion regarding the possibility of mounting a successful legal...

THE murderous, cowardly missile attack by Israel on Gaza, which killed Ahmed al-Jaabari along with 10 other Palestinians including two children, was a long-planned attack...

YESTERDAY millions of workers across Europe took strike action against the austerity programmes of ‘their’ bosses, bankers and governments. These programmes are creating millions...

Last Friday the administrator brought in to wind down the collapsed electrical retailer chain Comet announced that 330 staff would be made redundant with...

THE HSBC bank, the biggest bank in Europe, says it is looking into allegations that it has set up a large number of offshore...

HUNDREDS of thousands of Greek workers and youth congregated on Wednesday evening and late into the night outside the Vouli (parliament) in...

OBAMA’S re-election is a product of the refusal of US workers to allow an all-out robber baron of capitalism, Romney, to have control over...

LAST week the two main Greek trade union organisations representing workers in the public and private sector called a two-day general strike starting today...

ASSOCIATION of Teachers and Lecturers President Hank Roberts yesterday condemned as ‘outrageous’ an offshore company employing thousands of supply teachers avoiding the payment of...

AFTER all of the Tory propaganda chatter about the ‘recovery has begun’ the reality is that the slump is deepening. The UK’s manufacturing sector,...

ON 27th October the Minister of Education and South African Communist Party General Secretary, Blade Nzimande, along with Cosatu and National Union of Mineworkers...

TORY attempts to convince the working class, the middle class and the poor that the ‘recovery’ has begun and things are looking better, are...

More than 200 workers and youth got massive support from residents and shoppers as they marched through east London on Sunday, to a rally...

AN influential group of MPs have finally admitted publicly what everyone already knows – that the invasion of Afghanistan by NATO troops, led by...

THE US motorcar giants GM and Ford were rescued from bankruptcy by President Obama who ‘nationalised’ them, so that the US taxpayer could get...

FORD is planning to close its plant in Southampton which makes the Transit van and employs 500 workers. A meeting between Ford’s management and unions...