Tag: banks
Eu On The Brink!
THE entire capitalist economy of Europe took a decisive step towards total meltdown with the admission last Thursday that agreement on a Europeanwide bail-out...
Greek workers refuse to accept austerity plan!
LAST Wednesday and Thursday saw the biggest general strike of all workers, public and private sector, shopkeepers, and transport workers, which brought the whole...
500,000 march in Athens!
HALF a million Greek workers, students and youth marched through Athens on Wednesday. This was as part of a two-day general strike against a government...
Ex-Visteon workers join Chase Farm mass picket!
EX-VISTEON workers who successfully occupied their factory after being sacked, joined the picket of Chase Farm hospital on Tuesday reinforcing the call for occupation...
Ernst And Young Calls To Lower Interest Rates!
WITH interest rates at their lowest ever at 0.5%, the UK economy is at a dangerous junction, warns the Ernst and Young Item Club. Its...
World Revoluti0N Is The Reality – Build The Fourth International Now!
SATURDAY saw demonstrations and occupations taking place in many countries following the example of the Spanish and Greek square occupations that have featured as...
‘We’re here to stay’ say London occupiers
Over 600 people were yesterday massed at the steps of St Paul’s Cathedral, holding a popular assembly after hundreds had camped out overnight following...
Tory Coalition Turns To Civil War Tactics!
THE Tory-led coalition is planning to reintroduce the Riot Act nearly 40 years after it was abolished in England and Wales. Under proposals set out...
Coalition building a landlords’ paradise – bring back Council Housing! Now!
THE Coalition government is busily building a paradise for the landlords, the latest Shelter Rent Report shows. In this paradise, private tenants, who can no...
Record unemployment, record poverty and misery – socialist revolution the only...
THE number of young people out of work has reached a record high of almost one million, according to the latest unemployment figures. ...
ENOUGH IS ENOUGH! Thousands of Unison members voting for strike action
UNISON has held a series of meetings across the North West in their campaign to defend NHS workers’ pensions. Thousands of NHS employees have...
Capitalism offering only poverty and war to working class and middle...
FALLING incomes will mean the biggest drop in living standards for middle-income families since the 1970s, when the Yom Kippur war resulted in the...
Labour reach new depths of treachery over NHS
AT the weekend the new Labour shadow health secretary, Andrew Burnham, delivered a treacherous stab in the back to the NHS with the announcement...
Trade unions face fresh attacks
AN OPINION piece in yesterday’s Sunday Telegraph pointed to yet further attacks on the trade unions’ rights to organise and represent their members. According to...
‘A scar on the conscience of Britain’
THE fact that 40 per cent of disabled children are living in poverty is ‘a scar on the conscience of Britain’, says Unite, the...
Capitalism’s Greatest Crisis Driving World Revolution!
THE governor of the Bank of England, Mervyn King, finally admitted publicly that British and world capitalism faced their ‘worst crisis ever’, a crisis...
CRISIS BIGGER THAN 1931! – BofE Governor King opts for inflation
BANK of England Governor Mervyn King has warned that the UK financial crisis is possibly the greatest ever crisis in the history of capitalism. He...
US workers and youth begin mobilising for revolution!
THE Communications Workers of America Executive Board has endorsed the youth-led Occupy Wall Street Movement. Occupy Wall Street youth campaigners have joined...
Osborne to lend billions to the bosses that the banks turn...
AT THE Tory Party conference on Monday, Chancellor Osborne outlined the three mistakes made by government, the bosses and the bankers which...
Conference Votes For Chase Farm Occupation!
A NORTH East London Council of Action conference of over 150 workers, pensioners and youth on Saturday voted unanimously for an occupation of...
Merkel’s Short-Lived Victory
ON Thursday, the German Parliament (Bundestag) voted by 523 to 85 to increase the funds available to the European Financial Stability Facility (EFSF) from...
Nationalise BAE to defend jobs!
DEFENCE engineering giant BAE Systems confirmed yesterday that it is cutting a further 3,000 jobs at sites across the country, mainly in its military...
Miliband Won’t Reverse Tory Policies!
IN THE middle of the greatest ever capitalist crisis, Labour leader Miliband, while the ruling class is attacking and robbing the working class...
RCN to ballot for strike action
THE announcement that the ruling body of the Royal College of Nursing (RCN) will meet on Friday to decide on balloting their members on...
Greek Workers Battle Riot Police
ATHENS public transport workers were yesterday continuing for the fourth day running their ‘rolling’ strikes. The strikes were called against the government’s plans to transfer...
Labour ready for an emergency coalition
ON the eve of the Labour Party conference, Ed Miliband has sought to win the support of the middle classes, and also drive a...
Socialist revolution the only way to resolve the crisis
THE head of the International Monetary Fund (IMF), Christine Legarde, spelt out the task confronting the capitalist class of Europe last Thursday when she...
Stock Market Falls Continue
FRIDAY saw stock markets around the world collapse further, following on from the dramatic slump in shares on Thursday, triggered by fears that the...
Cancel Pfi Contracts To Defend The NHS
THAT NHS hospitals cannot pay back the huge multi-million Private Finance Initiative (PFI) ‘debt’ to the banks is well known. The coalition government and its...
Athens transport workers launch total ‘rolling’ strike
IN mass general meetings last Tuesday the Athens transport trade unions in the Metro system, buses, trolley-buses, and trains decided on a total ‘rolling’...
The Imf Issues Warning To The UK And Europe
THE International Monetary Fund (IMF) has cut its growth forecast for Britain for the third time in nine months and warned George Osborne that...
EU crisis sharpening to breaking point!
US Treasury Secretary Timothy Geithner is attending the meeting of the EU Finance Ministers in Poland to convey the alarm of the...
Unemployment and inflation surges as Cameron threatens immigrants’ benefits
THE number of people unemployed in the UK rose by 80,000 to 2.51 million in the three months to July, official figures have shown....
Miliband’s refusal ‘to back his natural supporters is a slap in...
LABOUR Party leader Ed Miliband was heckled during his speech at the Trade Union Congress (TUC) conference on Tuesday. Miliband angered delegates as he condemned...
Delegates Support Chase Farm Occupation
TRADE union delegates at the TUC Congress in London on Monday supported the call from the North East London Council of Action to occupy...
US ‘job creation’ will come from Medicaid and Medicare cuts
LAST Thursday night US President Barak Obama addressed a joint session of the US Congress where he outlined his new initiative that would, he...
Tax Cuts For The Rich – The Scrap Heap For The...
TWENTY five right wing ruling class economists have worked out the way to revive the dying capitalist economy, and it is, while continuing the...
Banking Crisis Heading For The Precipice!
THE INABILITY of the US economy to recover from its jobs slump, alongside the colossal indebtedness of the EU banks – German, Italian, French...
Coalition lies on NHS privatisation exposed – trade unions must act
THE oft repeated claim by Tory prime minister Cameron that the coalition will not privatise the National Health Service has finally been exposed for...
Counter-revolution in the classroom
A report issued yesterday outlining proposals to establish in Manchester an army-run ‘free school’, has given yet another sinister twist to the campaign by...
World economy on brink of collapse
THE capitalist economy of Europe took a decisive step over the brink into the abyss of collapse with the news that the euro debt...
From Low Wage To No Wage Economy – Tories Plan Chain...
CRISPIN Blunt, the justice minister, announced yesterday that instructions were being issued to the courts to the effect that unemployed offenders sentenced to the...
Tories to make hundreds of thousands homeless – only socialism can...
THE policy of the Tory-led coalition to slash housing benefit for the unemployed and low income families will result in hundreds of thousands being...
Victory To Gadaffi – Defeat The Nato Gangsters!
ON Saturday, Colonel Gadaffi stated that the counter-revolutionary groups that had tried to rise up in a number of areas in Tripoli had been...
Zero Tolerance For Cameron Coalition
CAMERON and the coalition are currently conducting a ruthless campaign against youth. This is ruling class justice at its most hideous, red in tooth...