Tag: banks

IN ITS WEDNESDAY EDITORIAL the Daily Telegraph sought to shed crocodile tears for the striking health workers who are continuing to battle against the...

THE BANKING crash has continued, with First Republic being the third US bank to collapse within three months. First Republic was taken over by the...

THERE was a powerful May Day March from Clarkenwell Green to Trafalgar Square yesterday with more than 10,000 trade unionists, workers, youth and students...

STATEMENT BY THE NEWS LINE EDITORIAL BOARD THE News Line Editorial Board sends its May Day greetings to the working class, the youth and the...

HUW PILL, the chief economist at the Bank of England, has made the official position of the bankers crystal clear when he insisted that...

SOARING prices for bread, cereal and chocolate meant the cost of living rose more than expected last month – these are the fruits of...

A REPORT compiled by Unearthed, the investigative unit of the Greenpeace environmentalist organisation, and the independent journalist organisation Lighthouse Reports has thrown a light...

TORY Chancellor Jeremy Hunt has been in Washington this week attending the spring meeting of the International Monetary Fund (IMF). The IMF, the main economic...

THE INTERNATIONAL Monetary Fund (IMF) made a wildly optimistic prediction yesterday that soaring UK inflation would become nothing more than a historical blip in...

TODAY is the first of four days of strike action by junior doctors throughout the health service in England, in what is the biggest...

THE strike wave is spreading throughout Europe! In France workers are making it crystal clear that they will never allow the increases in the retirement...

ON MONDAY night Andrew Bailey, Governor of the Bank of England, blamed a wave of early retirements for forcing the Bank to make its...

THE FBU has made a decisive intervention, demanding that the trade unions build a campaign to defy the anti-strike laws being pushed through Parliament...

THE WEST tried to hit Russian citizens themselves with sanctions, Russian Prime Minister Mikhail Mishustin said on Thursday in his annual government report to...

THE BANK of England’s Monetary Policy Committee met yesterday and voted to increase interest rates by 0.25%, pushing the rate up to 4.25% –...

DOZENS of banks in the United States are on the verge of collapse despite the Biden administration’s recent measures to calm the turbulent markets,...

THE CAPITALIST world banking system hurtled even deeper into a massive crash this weekend when the central banks of Europe, UK and US forced...

LAST Friday, the US Silicon Valley Bank (SVB) was forced to close down and had its assets seized by the US Federal Reserve following...

OVER half a million public sector workers from eight unions were on strike yesterday, fighting against the Tory government’s attack on their pay, conditions...

TORY Chancellor Jeremy Hunt will be delivering his Budget speech today in the middle of a massive strike action across the country of up...

LAST Friday the US Silicon Valley Bank (SVB) was closed and its assets seized by the American Federal Reserve in the biggest banking crash...

SHARES in banks around the world have crashed after a crisis at one US bank triggered fears of a wider crisis and the collapse...

THE VOLCANO of people’s rage which was building up its fury over the last few months, erupted in Greece on Wednesday in an unprecedented...

THOUSANDS of Greek workers, students and youth took to the streets at the weekend in a further extension of the anger that has erupted...

DISMISSING the government’s 3.5 per cent proposal on NHS pay announced on Tuesday as a ‘sick joke’, Unite said yesterday that ‘this will accelerate...

THE ECONOMIC crisis engulfing British capitalism is causing a seismic split in the Tory government, as Prime Minister Rishi Sunak faces a rebellion from...

AN ‘ever-increasing’ number of households in the UK, including teachers, pensioners, and employees of the NHS, are turning to food banks for assistance as...

AN ISRAELI army force on Wednesday demolished a residence and uprooted 100 saplings in Masafer Yatta, in the south of the occupied West Bank. Local...

THE OFFICE for National Statistics (ONS) revealed yesterday that the number of days lost due to strikes last year was the highest since 1989. In...

THE UK working class is on the march, spurred forward by the worldwide crisis of the capitalist system, with Britain very much the weakest...

NOT EVERY bourgeois economic commentator has swallowed the upbeat line peddled by central bankers that capitalism has weathered the storm of its economic crisis...

TENS of thousands of nurses and ambulance workers across England walked out yesterday at the start of two days of strike action. Members of the...

Yesterday’s Observer newspaper revealed that manufacturers of the insulation installed on Grenfell Tower – cladding that led to the inferno that killed 72 people...

IN THE WEEK when the giant oil and gas company Shell announced record profits of £32.2 billion, on the back of the soaring cost...

THERE were more than 40,000 teachers and other striking workers on the NEU demonstration on Wednesday 1st February – with the front of the...

THE BANK of England is due to meet this week to announce an increase in interest rates, with ‘experts’ predicting an increase of 0.5%...

UK capitalism is now the sick man of the capitalist world. Its economy is going broke while the Tories openly discuss knifing the NHS,...

NADHIM Zahawi, the Tory Party Chairman and ex Chancellor of the Exchequer, has for months been avoiding questions about his tax affairs, but on...

SAFTU – the South African Federation of Trade Unions – notes the stubborn inflation which remains high above 7%, and averaged 7,2% in December...

THE US RULING CLASS has hit its debt limit, with the Treasury Department now taking measures to try to prevent a devastating default. Reaching the...

NEW TUC leader Paul Nowak has insisted that tomorrow’s meeting of the TUC General Council in central London will not be considering calls for...

THE HEAD of the International Monetary Fund (IMF), Kristalina Georgieva, has delivered a stark New Year warning that a third of the world economy...

TORY ministers have instructed the supposedly independent NHS Pay Review Body to cap the wages of frontline health workers to just 2% in 2023-24. At...

THE News Line Editorial Board sends revolutionary greetings for 2023 to all our readers, and to the working class, youth and the poor, who...

‘FIREFIGHTERS and control staff are being left with no other choice but to take action,’ Fire Brigades Union (FBU) General Secretary Matt Wrack said...