Tag: banks

TODAY’S lobby of Parliament called by the TUC represents a complete avoidance of the real fight to the finish between the working class and...

IN THE much-anticipated medium term budget policy statement (MTBPS), the Minister of Finance, Enoch Godongwana, will, like his counterparts at the South African Reserve...

‘A SPEECH to calm the party and the country’ was how the Tory-supporting Daily Mail greeted the speech by newly installed prime minister Rishi...

TORY Chancellor Hunt announced yesterday that the ‘fiscal statement’, which had been due to be delivered next Monday, 31st October, will now be delayed...

NURSING staff are quitting their NHS pensions to make ends meet as the cost-of-living crisis bites. The number of staff opting out of the NHS...

Rishi Sunak delivered his first address to the nation as prime minister yesterday morning. He started by praising Liz Truss and Boris Johnson in a...

Rishi Sunak was appointed Tory Prime Minister yesterday after his opponent Penny Mordaunt withdrew from the race at the last minute. Sunak was overwhelmingly rejected...

WITH the Tories set to decide whether they want Boris Johnson or Sunak to continue with the job of completely destroying all of the...

AUSTERITY measures set to be imposed on the working class by the collapsing Tory government will be harsher than those endured for the past...

LIZ Truss, who not so long ago posed on the Polish border on a British tank expressing her hostility to Russia, before becoming more...

PM TRUSS resigned yesterday afternoon after a meeting with the Chairman of the Tory MPs backbench 1922 Committee, Sir Graham Brady. Making her announcement, she...

LIZ Truss appeared outside 10 Downing Street at 1.30pm yesterday to announce that she was resigning following a meeting with the Chairman of the...

TUC leader Frances O’Grady welcomed delegates to the TUC Congress yesterday saying: ‘Welcome to the TUC, our parliament for working people. ‘Represented, here in the...

FRENCH refinery workers have continued their strikes as a petrol crisis drags on across the country, with authorities threatening to resort to force to...

CONSISTENCY between fiscal and monetary policy is paramount for economic and financial stability as high debts and deficits push more countries into budget crises...

KWASI Kwarteng was sacked yesterday afternoon as Tory Chancellor, just weeks after he announced huge unfunded tax cuts that triggered a financial crisis by...

Liz Truss was only installed as Prime Minister little more than 4 weeks ago but yesterday a senior Tory minister, Foreign Secretary James Cleverly,...

THE Bank of England on Tuesday insisted that it was dumping the pound and would proceed with its decision to stop supporting the bond...

CABINET ministers are urging fellow Conservatives to get behind Prime Minister Liz Truss, after a week of open disagreement and back-stabbing within the Tory...

TO DESCRIBE the forced decision by Tory Chancellor Kwasi Kwarteng to abandon his plans to end the 45% top rate of income tax to...

The Communication Workers Union (CWU) took strike action on Friday and Saturday and explained the reasons for doing so. In a letter to all its...

TORY Prime Minister Liz Truss finally emerged from Downing Street yesterday to make her first public statement on the economic crisis that has brought...

THE International Monetary Fund has openly condemned the UK government over its tax cuts that handed billions to the rich, warning that the measures...

UK CAPITALISM is in crisis. After the falls in sterling, and the rampant oil, gas and food inflation, the ruling class is desperate and...

ALL WORKERS, youth and trade unionists must support the decision of Russian leader Putin to call up reservists to serve in the Ukraine, and...

THE TUC CONGRESS is set to meet on Tuesday October 18th, just as the Truss government is poised to take the rail trade unions...

THE MODI government’s ‘lies and myth-making’ at the National Labour Conference have been denounced by the All India Central Council of Trade Unions (AICCTU). The...

PM TRUSS is determined to remove a cap on bankers’ bonuses as part of a post-Brexit shake-up of City rules, to really get the...

THE new Tory Chancellor Kwasi Kwarteng is reported to be preparing to scrap the cap on the multi-million pound bonuses bankers award themselves. Originally the...

THE borders of the Kherson region are securely protected by the Russian military, and any attempts by the Ukrainian armed forces to advance towards...

SOARING milk, cheese and egg costs have pushed food inflation to its highest level for 14 years, with millions of UK families heading into...

THE UK’s job market, which the Tories and their supporters have long held to be evidence of the ability of British capitalism to ‘bounce...

THE wall-to-wall coverage of the death of Queen Elizabeth by the bourgeois media, and the way that the TUC has used this massive wave...

RUSSIAN President Vladimir Putin plans to meet with Chinese President Xi Jinping and other foreign leaders at the upcoming summit of the Shanghai Cooperation...

THE RMT announced yesterday that the ‘RMT joins the whole nation in paying its respects to Queen Elizabeth' and that ‘the planned railway strike...

PM TRUSS, with her new team in place after clearing out the discredited Johnson gang, is now seeking to save British capitalism from its...

STOCK markets in the US ended the week sharply down following tough comments by Jerome Powell, head of the country’s central bank, the Federal...

TEACHERS are increasingly seeing the devastating effects of the cost of living crisis on pupils, a survey by the NASUWT teachers’ union has revealed. Teachers...

WITHOUT enough staff, the NHS is increasingly close to collapse,’ the Royal College of Nursing (RCN) warned yesterday. RCN General Secretary and Chief Executive,...

‘WE NEED collective action and a general strike. This Tory government has to go. It’s spent the last ten years looking after the bosses...

WITH food banks running out of food, the poor are being condemned, not just to poverty but to a starvation existence, of begging on...

OVER 100,000 Royal Mail workers are striking again today. 30,000 BT Openreach engineers, along with 10,000 BT call centre workers are also on strike,...

THE biggest strike of the summer so far continues today, as 115,000 postal workers fight for a  ‘dignified, proper pay rise’. Royal Mail Group members...

THE SKYROCKETING increase in energy bills is driving the health and education services to the wall, with leaders in both these vital services warning...

STOCK markets in the US ended last week sharply down following tough comments by the head of the country’s central bank, the Federal Reserve,...