Tag: banks
Ireland – hurtling towards a socialist revolution
THE right-wing Fine Gael party is set to form a coalition with its traditional partner, the right-wing Labour party, after a ‘political revolution’ which...
RBS crashes as banks get set for rate rises
LOSSES AT the state owned Royal Bank of Scotland (RBS) were twice as bad as expected, at £1.13bn and much bigger than the £950...
Tory war games preparing summer war with unions
FIRST of all Prime Minister Cameron wrote that the entire public sector, local government, the NHS and education were to be taken over by...
Cameron declares war on public sector – unions must answer with...
Tory prime minister, David Cameron, has finally come clean about the coalition plans for destroying the welfare state and the entire public sector. Yesterday, he...
Defend The NHS By Bringing Down The Coalition!
THE Tory-led coalition lie, that the NHS is safe in their hands, has been exploded by the announcement that over 1,630 frontline jobs are...
BIG SOCIETY A BIG CON – says Unison
PRIME Minister Cameron explained to an audience of ‘social entrepreneurs’ in London yesterday that the ‘Big Society’ means ‘opening up’ public services to being...
‘Big Society’ – wholesale destruction of the Welfare State
TORY prime minister, David Cameron, launched a desperate attempt yesterday to try and convince an incredulous public that his ‘Big Society’ policy is something...
Egypt – Revolution In Permanence!
MUBARAK has gone, while the revolution that removed him, at the cost of hundreds of dead, is continuing to develop. Workers and the middle...
The bankers’ man who is admired by Ms Le Pen!
LORD Oakeshott is the senior Liberal Democrat who quit their front bench in protest at the Tory-LibDem coalition’s decision to allow the bankers to...
BA’s nail in the coffin of legal strike actions – by...
THE UNITE trade union leadership announced yesterday that after the cabin crew membership ‘voted last month overwhelmingly, and for the third time, to take...
US sends warships to Egypt
The US is sending warships, including one with 800 troops, and other military assets to Egypt as the revolution in the North African country...
Egypt – Another Million-Strong Protest
Anti-Mubarak protesters in Cairo yesterday have called for another ‘million strong protest’ in Tahrir Square today. This call was made as the Egyptian government and...
MARX AND THE PERMANENT REVOLUTION – PART 8: Lenin studies the...
WHEN Lenin saw, on his return to Russia in April 1917, that the ‘democracy’ in Russia proved even less capable of assuming the power...
Build the Fourth International! Victory to the World Socialist Revolution!
YESTERDAY, millions of Egyptian workers and youth, from Alexandria to Cairo’s Tahrir Square and the city of Luxor and Ports Said and Suez, marched...
Union Leaders Warn King
BANK of England Governor King’s insistence that nothing must be done to prevent the squeeze in living standards down to 1920s levels, has...
The Way Forward – Starve The Working Class Says King!
THE governor of the Bank of England, in his Tuesday night speech detailed the source of the gigantic inflationary rise in living costs that...
Production Slump Shocks Coalition As Crisis Deepens
THE UK capitalist economy slumped in the fourth quarter of 2010, contracting by 0.5 per cent, instead of the meagre 0.5 per cent growth...
25th ANNIVERSARY OF THE PRINTERS’ STRIKE –‘the lessons of Wapping are...
‘The historic printers’ strike set the scene for a struggle, not just against Murdoch but the whole capitalist state,’ All Trades Unions Alliance national...
‘MURDOCH IS UNFINISHED BUSINESS’ – Simon Dubbins tells printers strike rally
OVER 200 workers and youth took part in a powerful 25th anniversary meeting of the heroic 1986-87 printers strike at St Bride’s Institute yesterday. A...
Irish government disintegrates – forward to a workers and small...
AFTER the resignation of the Foreign Minister and four other members of the Irish cabinet, the Prime Minister, Cowen has resigned as the...
Public Debt doubles – overthrow bankrupt capitalism
The coalition government will be forced to accept this month that the bank bailout has more than doubled the size of the Public Debt...
Tories and LibDems routed – now bring down the coalition
THE result of the Oldham East and Saddleworth by-election points to one thing, that the working class and large sections of the middle class...
Tunisian Revolution Brings Down Interior Minister
TUNISIAN President Ben Ali has dismissed his interior minister and ordered the release of most of those detained during the current clashes over food...
‘time For Apologies Over’ – Barclays Bank Boss Tells Mps
THE Tory-LibDem coalition has given the banks an assurance that they are at liberty to continue to pay unlimited bonuses, with no government regulation. The...
Bankers get their bonuses – workers get stick
THE coalition, as expected, has signalled to the bankers that their multi-million bonuses are safe, emboldening the head of Barclays to tell the House...
Massive price rises, mass sackings, business crashes and revolution in the...
THE GMB warned yesterday of 200,000 council job losses in England, with many more to take place in the rest of the UK. GMB national...
Fight VAT increases with mass actions to bring down coalition
THE increase of VAT from 17.5 per cent to 20 per cent today will mean destitution for millions of unemployed and low paid workers...
Sinn Féin Dumps Socialism
IRISH capitalism, its banks and industries have been entirely bankrupted, and what national sovereignty the country had has also been destroyed, after the...
Open letter to chairs of BMA and BMAGPC
Dear Dr Meldrum, Dr Buckman and all members of the BMA General Practitioners Committee (GPC) Following the publication of the health White Paper earlier this...
GET READY FOR REVOLUTION IN 2011 – New Year’s Statement by...
THE News Line Editorial Board sends its revolutionary greetings for the New Year of 2011 to all of our readers and...
GMB, Unison and Unite refuse to call action to bring down...
‘WORKING people in the UK can help stop the Conservative-led coalition from taking a wrecking ball to the fabric of daily life.’ This is the...
‘PLAYING A DANGEROUS GAME’ – Scottish BMA condemns coalition
The leader of Scotland’s doctors has yesterday warned that a series of direct attacks on the medical workforce is testing the goodwill of the...
‘Turmoil Ahead’ Predicts Union Leaders
‘Working people in the UK can help stop the Conservative-led coalition from taking a wrecking ball to the fabric of daily life’, say the...
Trade unions, the economic crisis and the class struggle
Brendan Barber, general secretary of the TUC, and other trade union leaders met secretly with David Cameron last week, the first such meeting between...
The Bank is preparing a housing catastrophe
HOMEOWNERS should prepare for interest rates of five per cent, a 1000 per cent leap from the current 0.5 per cent Bank of England...
Marx And The Permanent Revolution
BY MIKE DRIVER PART ONE: ‘Fraternity found its true unadulterated and prosaic expression in the war of Labour against capital’ AS French and European workers...
Bank Rate Rise Fears!
The Bank of England (BoE) Monetary Policy Committee (MPC) has been shaken by the ‘increase in inflationary risks’ which if...
87,000 More Jobs To Go – Gmb
The GMB union’s up to date list shows that a total of 87,374 posts are being made redundant at 107 councils across Britain. In...
Cable grovels – a prisoner of the Tories
CABLE, the man who was threatening the ‘nuclear option’ of walking out of the Tory-led coalition, has meanwhile grovelled to his Tory betters. This was...
Record Rise Of Public Sector Debt Means More Savage Cuts
THE Tory-led coalition’s public sector debt for November has shot up to £23.3 billion, £5.9 billion more than the figure for November 2009. It...
McCLUSKEY AND CROW MISS CAMERON MEETING
TUC general secretary Brendan Barber led a delegation of union leaders to meet with Tory-LibDem coalition prime minister Cameron yesterday midday....
‘WE ARE AT WAR’ says Greek PM as workers prepare to...
THE Greek Socialist Party Prime Minister, Yiorghos Papandreou, told his party’s parliamentary deputies last Saturday that ‘no one likes emergency procedures but we are...
Riot Police Attack Huge Athens Demonstration
A HUGE march of over 100,000 workers and students held in Athens last Wednesday afternoon, as part of a 24-hour general strike, was viciously...
Defend your homes with a socialist revolution!
THE Thatcherite dream of creating a nation of home owners is already a nightmare for millions struggling to make their mortgage repayments. It is...
Bank Warns Of Meltdown!
The deepening eurozone crisis is a threat to Britain’s just rescued banks, the Bank of England warns in its latest Financial Stability Report out...