Tag: banks

AT THE Tory Party conference on Monday, Chancellor Osborne outlined the three mistakes made by government, the bosses and the bankers which...

A NORTH East London Council of Action conference of over 150 workers, pensioners and youth on Saturday voted unanimously for an occupation of...

ON Thursday, the German Parliament (Bundestag) voted by 523 to 85 to increase the funds available to the European Financial Stability Facility (EFSF) from...

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...

IN THE middle of the greatest ever capitalist crisis, Labour leader Miliband, while the ruling class is attacking and robbing the working class...

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...

THE announcement that the ruling body of the Royal College of Nursing (RCN) will meet on Friday to decide on balloting their members on...

ON the eve of the Labour Party conference, Ed Miliband has sought to win the support of the middle classes, and also drive a...

THE head of the International Monetary Fund (IMF), Christine Legarde, spelt out the task confronting the capitalist class of Europe last Thursday when she...

FRIDAY saw stock markets around the world collapse further, following on from the dramatic slump in shares on Thursday, triggered by fears that the...

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...

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 International Monetary Fund (IMF) has cut its growth forecast for Britain for the third time in nine months and warned George Osborne that...

US Treasury Secretary Timothy Geithner is attending the meeting of the EU Finance Ministers in Poland to convey the alarm of the...

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....

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...

TRADE union delegates at the TUC Congress in London on Monday supported the call from the North East London Council of Action to occupy...

LAST Thursday night US President Barak Obama addressed a joint session of the US Congress where he outlined his new initiative that would, he...

TWENTY five right wing ruling class economists have worked out the way to revive the dying capitalist economy, and it is, while continuing the...

THE INABILITY of the US economy to recover from its jobs slump, alongside the colossal indebtedness of the EU banks – German, Italian, French...

THE oft repeated claim by Tory prime minister Cameron that the coalition will not privatise the National Health Service has finally been exposed for...

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...

THE capitalist economy of Europe took a decisive step over the brink into the abyss of collapse with the news that the euro debt...

CRISPIN Blunt, the justice minister, announced yesterday that instructions were being issued to the courts to the effect that unemployed offenders sentenced to the...

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...

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...

CAMERON and the coalition are currently conducting a ruthless campaign against youth. This is ruling class justice at its most hideous, red in tooth...

Mary Kay Henry, President of the Service Employees International Union (SEIU), issued the following statement after both Republicans and Democrats last Thursday announced their...

CITY regulator, the Financial Services Authority (FSA), has stepped up scrutiny of UK banks’ exposures to foreign government debt after fears of a European...

‘SINCE we last met, the mood in markets has taken a sharp turn for the worse,’ Bank of England Governor Mervyn King admitted yesterday,...

A new report by the Incomes Data Services and the High Pay Commission has thrown the spotlight on the issue of pensions, and the...

IRAN’S Oil Minister Rostam Qasemi has announced that 40bn dollars will be invested in the country’s joint oil and gas fields. Explaining his...

Panic gripped investors in the world’s stock markets yesterday as bank shares were hit hard. Share prices on the London stock market slumped...

EVEN sections of the bourgeois media, and the bourgeoisie that it represents, were yesterday able to describe the appearance of the current world...

The TUC Congress next month is meeting at an historic juncture of worldwide economic and political crisis. Millions of workers are having their wages frozen...

Italian finance minister Giulio Tremonti was yesterday in talks with Jean-Claude Juncker, chair of the Eurogroup of finance ministers from the 17 eurozone countries,...

THE National Committee to Preserve Social Security and Medicare says the following about Obama’s debt deal that savages the poor and leaves the rich...

THE IMF warned yesterday that the British banks have a ‘very large potential to originate global shocks’. As if that was not enough they added...

LORD McFall, who has been examining private sector pension schemes, has concluded in his Workplace Retirement Income Commission review, that workers on private pensions...

WHAT bourgeois economists thought was unthinkable just a few days ago is now about to happen. In just four days time the United States is...

2.5 million public service employees are being told how much extra the coalition government intends to force them to pay in pension contributions from...

FOREIGN Secretary Hague announced the expulsion of all Libyan diplomats from the UK yesterday. He also announced that the counter-revolutionary NTC (National Transitional Council)...

AN independent inquiry into the unusually large number of maternal deaths in London over the past two years has confirmed that the government policy of...

ON Thursday the heads of the Eurozone met in emergency session in a desperate attempt to head off Greek state bankruptcy leading to the...

TORY leader Cameron was allowed to bluff his way through yesterday’s debate, on his special statement on the Murdoch-Coulson scandal, held after it caused...