Tag: banks

EVERY day the number of people affected by the torrential rain and flooding in Pakistan is mounting. More than 20 million have been hit....

The Irish Hotel Federation (IHF) has claimed 150 hotels will be forced to close after the announcement that Bank of Scotland (Ireland) is to...

THE US, EU and Asian stockmarkets have taken yet another hit as the decline and fall of the US capitalist economy continues. On Thursday, the...

An official visit of a three-member top level delegation of the Government of Sri Lanka to India is scheduled to leave Colombo on August...

THE PFI Private Finance Initiative was brought in by the Major Tory government, and while it was opposed by Labour in opposition, it was...

THE UK’S Bank of England yesterday followed the lead of the US Federal Reserve Bank whose Chairman Bernanke had on Tuesday said that...

JUST hours after Tory leader Cameron announced that council houses were no longer going to be ‘homes for life’ – but were to be...

The Chairman of the doctors union, the BMA, wrote a letter to the medical profession on 30th July regarding the new health White Paper...

TORY LEADER Cameron yesterday unveiled the spectre of workers sleeping on the streets with his new diktat that council housing should no longer be...

THE former chairman of the US Federal Reserve, Alan Greenspan, has warned that the US economy is heading towards a deepening of the slump...

WORK and Pensions Secretary, ex-army officer Duncan Smith, yesterday addressed the world about ‘our broken benefits system’, when most people know what has broken,...

THE White Paper produced by the Tory-Lib Dem coalition government says that all NHS Trusts must become Foundation Trusts (FTs) within three years. There are...

PRIMARY CARE Trusts are to be abolished and replaced by Federations of GPs who will purchase healthcare for their patients from both the public...

THE RMT transport union confirmed yesterday that it is mobilising grassroots opposition amongst rank and file trade unionists to an invitation to Tory Prime...

ANGER IS growing at the attack on council housing and in particular because the drive to destroy big estates like the Heygate Estate in...

IN his Emergency Budget, the Tory Chancellor Osborne said his government’s intention was to eliminate the ‘structural current deficit’ of the government by cutting...

PRESIDENT Barack Obama has signed into law the toughest ever US sanctions on Iran. The measures, on top of new UN Security Council and...

A MEMBER of the Bank of England Monetary Policy Committee (MPC) admitted yesterday that he is having sleepless nights, worrying about the state of...

AN All Trades Unions Alliance fringe meeting held in the evening of the first day of the British Medical Association’s Annual General Meeting was...

JUST days after the Tory-led coalition’s ‘emergency budget’ declared war on the working class, the poor, the middle class, children and pensioners – with...

The European debt crisis is a ‘key risk’ to the UK banking sector and banks should build up their cash reserves in response, the...

COMMENTING on the Chancellor’s budget statement, Chris Keates, General Secretary of the NASUWT, the major teachers’ union, said: ‘Despite the Chancellor’s opening remarks that...

TORY Chancellor Osborne’s Emergency Budget included measures to smash the spending on public services and smash the social security system, with the biggest spending...

A delegation of over 40 Public and Commercial Services union (PCS) members and officials lobbied the Treasury as Chancellor Osborne was making his budget...

THE Tory-Lib Dem shock and awe budget is due next Tuesday. Already workers, pensioners and youth are calling for action against this savage attack that...

THE government of President Nicolas Sarkozy announced yesterday the raising of the pension age in France from 60 to 62. Workers will have to...

TORY Prime Minister David Cameron and his Deputy Nick Clegg have declared war on six million workers in the public sector and their pensions. Clegg...

‘Prime Minister Cameron’s plans to slash public spending will hit the poor and the vulnerable,’ TUC General Secretary Brendan Barber warned yesterday. Commenting on ...

PRIME Minister David Cameron promised yesterday that there are ‘painful cuts ahead’ that will last for years, and that he would be carrying out...

OIL giant BP’s share price has fallen nearly 17 per cent to £4.12, its lowest level since March 2009. The sharp sell-off came as it...

THE OECD said yesterday that state indebtedness, and rapidly growing inflation is threatening to bring down the entire banking system. Its secretary general, Angel Gurria,...

THE INITIAL £6.25 billion spending cuts announced by the Tory-Lib Dem coalition government on Monday, that will lead to thousands of sackings and closures...

THE International Monetary Fund (IMF) has raised its concerns about Spain’s economy, saying ‘far-reaching’ reforms are needed to ensure its recovery. It said the country...

• No to the destruction of the state pension system • Down with the junta of the IMF-European Commission-Papandreou! • For an indefinite Political General Strike! Statement...

THE CBI BOSSES organisation yesterday called for an immediate freeze in the public sector pay bill for two years and a ‘re-engineering’ (destruction) ‘of...

FRANK Field, the notorious Labour party right winger has joined the Tory coalition and is to be its ‘Poverty Tsar’, no doubt bringing back...

The draft coalition agreement reached by the Tories and the Liberal Democrats published on Wednesday makes clear their number one priority is to make...

Bank of England governor Mervyn King yesterday warned that the next few years are ‘going to be painful’ and that ‘markets would expect a...

‘The governors of the Gulf Coast states, all Republicans, asked the federal government for help dealing with the BP oil spill – yeah, the...

The unemployment rate for the three months to March 2010 was 8.0 per cent, up 0.2 per cent on the quarter, the Office for...

GERMAN Chancellor Merkel and French President Sarkozy on Saturday decreed that the preservation of the euro required a 70bn euro currency reserve fund and...

AS THE failure of the Tory attempt to become the government emerged on Thursday night and in the early hours of Friday, it combined...

AS 100,000 workers marched through Athens on May Day, and tens of thousands marched through large numbers of Greek towns and villages, it...

ON Wednesday workers in Greece staged the biggest ever 24-hour general strike against the IMF–European Commission’s imposed austerity measures with millions participating. Planes remained...

THE WRP held a 150 strong rally at the end of the London Sertuc (TUC) May Day march from Clarkenwell Green to Trafalgar...