Tag: banks

ON Wednesday night, the outgoing governor of the Bank of England, Mervyn King, delivered a speech that amounted to little more than an extensive...

MAY DAY STATEMENT BY THE NEWS LINE EDITORIAL BOARD THE Editorial Board of the News Line sends its revolutionary greetings to the workers of the...

The first round of voting in the French presidential election, held last Sunday, produced an unprecedented defeat for the incumbent Nicolas Sarkozy and his...

The present unelected Greek coalition government, of social-democrats and conservatives headed by banker Lucas Papademos has decided to fund with some 50bn euros the...

THE European banks are heading at speed into a crash that will bring down not just the economies of the 17-nation Eurozone but the...

INFLATION may stay above 3% during the rest of this year, according to Paul Tucker, a deputy governor of the Bank of England. He...

SOARING food and clothing prices saw the Consumer Prices Index (CPI) inflation rate measure for March rising to 3.5% from 3.4% in February. The Office...

The news yesterday that the cost of borrowing for Spain has jumped to over 6% will inevitably mean that for the country to stagger...

THE Hewletts came straight to the point yesterday over the plan to close Chase Farm hospital. ‘We should sack Lansley and the whole government to...

IT is one of the features of the capitalist crisis that it proceeds not in a straight line but through a downward spiral movement...

THE Spanish government is to cut 27bn euros (£22.5bn) from its budget this year. Among the measures are the freezing of public sector...

THIS IS the message that is coming out of the Bradford West by-election where Respect candidate George Galloway was ‘unexpectedly’, out of the blue,...

THE row over the Tories so-called ‘pasty tax’ has become a dangerous diversion in the hands of the Labour leadership who are intent on...

Spain was gripped by a 24-hour general strike by millions of workers yesterday. It was called in protest against a new law making it...

UK economic growth for the last quarter of 2011 has been revised downwards to a 0.3% contraction, another body blow to those who had...

WEDNESDAY’S budget left no room for doubt about who the coalition government intends should pay to bail out the bankrupt British economy – pensioners,...

OSBORNE began his budget address yesterday by admitting the calamitous state of British capitalism saying that recovery would be ‘challenging’ since ‘we’ve had the...

Care homes are increasingly struggling to provide high quality care for residents with complex medical conditions, amid a backdrop of a severe lack of...

European finance ministers met in Brussels yesterday to rubber-stamp the deal agreed at the last minute last Thursday to bail-out the bankrupt Greek economy...

THE governor of the bank of England, Mervyn King, has launched a scathing attack on the major UK banks, accusing them of trying to...

THE Greek Prime Minister Lucas Papademos was in Brussels yesterday seeking final approval from Germany and France for Greece’s second bailout deal. Greece is continuing...

The British MP Denis McShane has given a serious warning about the situation in Greece. He said: ‘When I first visited Greece I saw...

SEVEN unions held a joint demonstration outside the Royal Courts of Justice on Monday against the government’s imposed changes in the way they calculate...

Yesterday six trade unions appeared at the Royal Courts of Justice to appeal against a High Court decision that the coalition government will slash...

Tens of thousands of workers and youth participated in yet another mass rally outside the Vouli (Greek parliament) in Athens yesterday, demanding the overthrow...

David Cameron has convened a summit at Downing Street this afternoon to discuss the ‘implementation of NHS reforms’ with a ‘range of national healthcare...

AFTER 2008, the masses of the world showed they were not about to give up all their hard-won gains so that the banks,...

RISK assessments about the impact of Tory health secretary Andrew Lansley’s health and social care bill on the NHS throw light on the devastation...

THE Office for National Statistics said yesterday that UK unemployment rose by 48,000 to 2.67 million in the three months to December,...

unemployment soared by another 48,000 to 2.67 million in the three months to December, the Office for National Statistics reported yesterday. The official unemployment rate...

BRITAIN’S credit-worthiness has a ‘negative outlook’ Moody’s ratings agency declared late on Monday night, shortly after the markets closed in the US. In the first...

Hundreds of thousands of workers, youth and self-employed people staged a colossal rally last Sunday night in Athens outside the Vouli (Greek parliament) against...

The findings of a survey by the Chartered Institute of Personnel and Development confirm what every worker and young person in the country already...

TENS of thousands of workers and youth participated in the mass rallies and marches throughout Greece last Friday and Saturday as part of the...

MASSES of workers and youth clashed with the state forces in the Greek capital Athens yesterday, on the first day of a 48-hour general...

The Bank of England’s Monetary Policy Committee yesterday voted to increase its Quantitative Easing (printing money) programme by £50bn to a total of £325bn,...

There was no cheer for the British bourgeoisie on Monday when three separate reports from the Institute of Chartered accountants and the accountancy group...

YESTERDAY, the Labour Party leader Miliband wrote in the Observer that ‘Everyone who loves the NHS must fight to defeat this health bill. This...

LABOUR leader Miliband has once again revealed the absolute bankruptcy of reformism. In a speech made yesterday he denied that there were laws governing...

Greek workers and youth are infuriated with the leaked German government document which proposes that an EU ‘Budget Commissioner’ should be installed in Greece...

The headline news throughout the bourgeois media yesterday was that Stephen Hester, Chief Executive of the Royal Bank of Scotland, had magnanimously bowed to...

This weekend, the World Economic Forum meeting at Davos debated the issue of youth unemployment worldwide, a debate that exposed the mortal terror being...

THE Welfare Reform Bill will ‘undoubtedly’ cause great harm to children and the poorest families in the country, the Children’s Society warned yesterday. The charity...

‘Getting rid of capitalism is the issue,’ said Dave Wiltshire, ATUA National Secretary, yesterday. In response to trade union leaders’ anger over the nearly one...

The Greek government spokesman Pantelis Kapsis stated that the Prime Minister was to meet with Institute of International Finance (IIF) director Charles Dallara yesterday...