Tag: banks

THE UK’s industrial output fell 0.7% in October, its fastest fall for six months. It is now 1.7% lower than the same month in...

GERMAN Finance Minister, Wolfgang Schaeuble has said Standard & Poor’s (S&P) threat to downgrade all eurozone countries, and saddle them with ruinous interest charges...

‘We will not be evicted!’ was the clear message from the occupiers outside St Paul’s as they defy new attempts by the Corporation of...

THE governor of the Bank of England, Mervyn King, made it clear this week that the banking system faces total collapse due to ‘systemic...

MORE than 4,000 striking council workers, NHS staff, teachers, lecturers, civil servants and students marched through Norwich on Wednesday, during the national strike in...

ADDRESSING a press conference yesterday afternoon, the governor of the Bank of England, Mervyn King, said that ‘Tackling the symptoms of the crisis without...

Bank of England Governor Mervyn King yesterday urged banks to brace themselves for a eurozone collapse. Introducing the latest financial stability report, King said: ‘Faced...

OVER two million public sector workers walked out yesterday. The message was that the coalition’s savage cuts programme, that was intensified in Osborne’s Autumn...

Chancellor Osborne’s message to the working class in his Autumn Statement was that the crisis is worsening fast, and you will have...

CHANCELLOR Osborne began his Autumn Statement yesterday ‘We will do whatever it takes to protect Britain from this debt storm . ....

‘TODAY the greatest crisis ever of the capitalist system is driving forward revolution in every country, as the workers of the world decide that...

In today’s Autumn statement on the economy, the Tory chancellor of the exchequer, George Osborne, will announce that he intends to ‘kick start’ British...

THERE can be only one demand for next week’s one-day strike by public sector workers and that must be for the TUC to call...

A proposal for a coordinated West Coast port shutdown was passed with unanimous consensus by vote of the Occupy Oakland General Assembly last Friday. The...

The once mighty US economy is set to take another irrevocable step to bankruptcy tomorrow with the news that the ‘super’ congressional committee charged...

THE UK economy is ‘in a bad place, with confidence evaporating’, the head of the UK’s biggest employers’ organisation has warned. John Cridland, director general...

THE noose strangling the entire capitalist economy of Europe tightened round the neck of Germany yesterday with the news that the powerful Asian investment...

NORTHERN Rock (NR) plc is being sold to Virgin Money by the coalition government for £747m. After Northern Rock was nationalised in 2008 it...

A survey of 803 students and newly qualified midwives by the RCM found that more than a half (52 per cent) of students ‘strongly...

THE bourgeois media is currently working overtime publicising the ‘bad news’ about the British capitalist economy. Everybody now knows that youth unemployment (the 16-24 age...

The Tory cabinet office minister, Francis Maude, made a fantastical offer to the TUC and leaders of the public sector unions last Friday when...

THE European Union is being broken on the rocks of the deepening crisis of the world capitalist order. The leaders of France and Germany are...

THE PCS civil servants trade union yesterday rightly condemned the coalition government’s plans to force the long-term unemployed, and unemployed youth, to do manual...

in a notice to members, the Public and Commercial Services union (PCS) explains why the government’s pensions offer is bad news for all members. The...

Treasury Secretary, Liberal Democrat Danny Alexander yesterday appealed for workers to scab on the November 30 public sector pensions strike. He told the Andrew Marr...

ON the very day that the public sector union Unison announced a massive vote in favour of strike action to defend pensions, the leadership...

IN A situation where their NTC proteges are not even sitting securely in the saddle in Libya, the UK and the US ruling classes...

PREMIER Papandreou told the Greek parliament yesterday that he was now adopting a ‘national position’ and was discussing with the right-wing...

THE fact that Papandreou has had to sack the Greek Military General Staff at the same time as he has angered Sarkozy and Merkel...

SEVENTY-ONE former Southern Cross Care Homes in the UK were being transferred to new operator Four Seasons on Monday (31 October 2011). These are the...

In the past few days electricity bills delivered to Greek households have contained a demand for the hated new property tax. This tax, which ranges...

AS details emerge of the desperate measures hammered out in Europe on Wednesday night in an attempt to save the eurozone from collapse and...

‘We will be here indefinitely!’ was the defiant message on Tuesday night from the anti-capitalist occupiers who have built up a ‘tent city’ outside...

BIG BUSINESS should be given the right to dismiss unproductive workers without explanation or warning, declares a leaked report to the coalition government by...

THE Tory-led coalition was rocked on Monday night when over 80 Tory backbench MPs, leftovers from the days of empire, voted for a...

Occupy London protesters against the banks voted on Saturday to continue their camp outside St Paul’s Cathedral and expanded their protest to another camp...

As the Welfare Reform Bill progresses through the committee stage of the House of Lords so more evidence is emerging about the catastrophic effect it...

AN open letter from the ‘Occupy Wall Street’ (OWS) movement that began in New York and spread world wide, calls for all workers...

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...

LAST Wednesday and Thursday saw the biggest general strike of all workers, public and private sector, shopkeepers, and transport workers, which brought the whole...

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 who successfully occupied their factory after being sacked, joined the picket of Chase Farm hospital on Tuesday reinforcing the call for occupation...

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...

SATURDAY saw demonstrations and occupations taking place in many countries following the example of the Spanish and Greek square occupations that have featured as...

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...