Tag: banks
Bank of England increases interest rates as capitalism dives into financial...
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 US banks on verge of collapse!
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,...
Credit Suisse sold at knockdown price in last ditch attempt to...
THE CAPITALIST world banking system hurtled even deeper into a massive crash this weekend when the central banks of Europe, UK and US forced...
Banking crash spreads like wildfire through capitalist financial world
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 500,000 Public Sector Workers Strike
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...
Budget Day strikes – demand TUC calls a general strike to...
TORY Chancellor Jeremy Hunt will be delivering his Budget speech today in the middle of a massive strike action across the country of up...
Capitalism plunging into catastrophic banking crash – time to put it...
LAST Friday the US Silicon Valley Bank (SVB) was closed and its assets seized by the American Federal Reserve in the biggest banking crash...
Banks Crashing – Time To Get Rid Of Capitalism And To...
SHARES in banks around the world have crashed after a crisis at one US bank triggered fears of a wider crisis and the collapse...
Greece Erupts As 200,000 Workers March In Athens!
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...
Greek workers and youth erupt in fury over deadly rail crash
THOUSANDS of Greek workers, students and youth took to the streets at the weekend in a further extension of the anger that has erupted...
3.5% NHS pay rise a ‘sick joke’ says Unite
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...
Tory government imploding – time for unions to call a general...
THE ECONOMIC crisis engulfing British capitalism is causing a seismic split in the Tory government, as Prime Minister Rishi Sunak faces a rebellion from...
The working class is on the march – it is refusing...
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...
Israeli army demolishes homes, steals olive saplings, confiscates vehicles to make...
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...
Working class rising up in massive strike wave – time for...
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...
Working Class Is On The March – It Is Refusing To...
THE UK working class is on the march, spurred forward by the worldwide crisis of the capitalist system, with Britain very much the weakest...
Central banks cutting off ‘free money’ means a world economic...
NOT EVERY bourgeois economic commentator has swallowed the upbeat line peddled by central bankers that capitalism has weathered the storm of its economic crisis...
No amount of pressure will force the Tories to even talk...
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...
Multinational companies who supplied cladding and insulation on Grenfell Tower making...
Yesterday’s Observer newspaper revealed that manufacturers of the insulation installed on Grenfell Tower – cladding that led to the inferno that killed 72 people...
End the regime of forced prepayment meters – nationalise British Gas...
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...
‘Greetings to this fantastic show of strength’ says Mark Serwotka
THERE were more than 40,000 teachers and other striking workers on the NEU demonstration on Wednesday 1st February – with the front of the...
Bank of England trapped by inflation crisis – socialism the only...
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%...
Tories Breaking Apart Along With Their Bankrupt Economy While The Tuc...
UK capitalism is now the sick man of the capitalist world. Its economy is going broke while the Tories openly discuss knifing the NHS,...
Tory sleaze again – boot them out with a general strike!
NADHIM Zahawi, the Tory Party Chairman and ex Chancellor of the Exchequer, has for months been avoiding questions about his tax affairs, but on...
South African trade unions battle inflation as food prices rise by...
SAFTU – the South African Federation of Trade Unions – notes the stubborn inflation which remains high above 7%, and averaged 7,2% in December...
Washington Hits Its Debt Limit – After A ‘Devastating Default’...
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...
TUC will not be considering a general strike says Nowak!
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...
Latest IMF warning that 2023 is year of world recession –...
THE HEAD of the International Monetary Fund (IMF), Kristalina Georgieva, has delivered a stark New Year warning that a third of the world economy...
Tories determined to impose even bigger pay cuts on NHS...
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...
2023 – Will be the year for World Socialist Revolution! –...
THE News Line Editorial Board sends revolutionary greetings for 2023 to all our readers, and to the working class, youth and the poor, who...
‘NO CHOICE BUT TO TAKE ACTION!’ say firefighters and control staff
‘FIREFIGHTERS and control staff are being left with no other choice but to take action,’ Fire Brigades Union (FBU) General Secretary Matt Wrack said...
‘The sole intention is to destroy the jobs of postal workers’...
CWU members braved the continuous pouring rain yesterday morning at the Greenwich, Blackheath and Charlton delivery office London SE10. CWU General Secretary Dave Ward told...
Tories Accuse Striking Nurses Of Murder As They Move To Knife...
YESTERDAY Tory Health Secretary Barclay, who is refusing to negotiate with the NHS trade unions over NHS pay, accused striking nurses of putting patients’...
Tories declare class war to the finish – time for trade...
ON THE EVE of the unprecedented strike by nurses and ambulance workers, Tory prime minister Rishi Sunak said that he will not ‘back down’...
‘We need a general strike!’ – strong call from picketing nurses
THE TORY government issued a calculated insult to thousands of striking nurses yesterday as the Royal College of Nursing held national strike action for...
Stop The Bosses Plan To Smash Trade Unions – Recall...
PM Sunak yesterday accused RMT leader Mick Lynch of causing ‘misery for millions’ with the ‘cruelly timed’ pay rise walk-outs by rail workers. He...
Stop The Bosses Plan To Smash Trade Unions – Recall...
PM Sunak yesterday accused RMT leader Mick Lynch of causing ‘misery for millions’ with the ‘cruelly timed’ pay rise walk-outs by rail workers. He...
NOW is the time for the TUC to call a general...
THE nurses’ strike actions have revealed that they have the massive support of the vast majority of the working class in the UK, and...
Bankers raise interest rates to deepen the slump, and make...
THE Bank of England has raised UK interest rates to their highest level for 14 years as it battles to stem soaring prices, by...
PCS strikes across the UK against ‘pathetic’ pay increases
PCS (Public and Commercial Services) union members on Tuesday began a series of strikes across England, Scotland and Wales which the Tory government intends...
Meet Tory preparations to fight it out with working class by...
30 MILLION people in Britain will be unable to afford a decent standard of living in the coming year according to a study published...
Chancellor Hunt promises ‘it’s going to get worse’ for the working...
TORY Chancellor Jeremy Hunt yesterday morning admitted that the UK economy is ‘likely to get worse before it gets better’ although he went on...
CWU members march to 17,000-strong national rally
STRIKING postal workers took part in a 17,000-strong Communication Workers Union (CWU) national rally in Parliament Square, central London, on Friday afternoon. News Line spoke...
Tories Ignore RCN Offer To Talk!
TORY Foreign Secretary James Cleverley yesterday rejected talks with the Royal College of Nursing (RCN), whose members are coming out on strike this Thursday...
Tories are bringing in savage anti-union laws to police the working...
THE GOVERNMENT has announced what it says is one of the biggest bonfires of financial regulations to allow the City of London to rule...