Tag: banks

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...

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...

The Bank of England (BoE) Monetary Policy Committee (MPC) has been shaken by the ‘increase in inflationary risks’ which if...

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, 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...

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...

TUC general secretary Brendan Barber led a delegation of union leaders to meet with Tory-LibDem coalition prime minister Cameron yesterday midday....

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...

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...

THE Thatcherite dream of creating a nation of home owners is already a nightmare for millions struggling to make their mortgage repayments. It is...

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...

UNEMPLOYMENT is set to rocket, over and just after Christmas, when up to 100,000 public sector workers are to get their redundancy notices so...

THE Council of Europe has named the Kosovo Prime Minister, Hashim Thaci, as a mafia leader who organised the sale of drugs and weapons...

Haiti’s post-election crisis deepened on Sunday after opposition presidential candidates prolonged the political uncertainty by refusing to participate in a proposed recount. President Rene Préval’s...

YESTERDAY saw the Tory-led coalition finally unveil its so-called ‘Localism Bill’, which is central to its plans to make massive cuts in local government...

Tens of thousands of students and youth marched from University of London Union (ULU) near Euston down to parliament yesterday lunchtime, shouting against the...

Tens of thousands of school and university students and workers participated in profoundly anti-government mobilisations in all Greek cities last Monday. The demonstrations marked...

AFTER President Obama’s announcement that he intends to impose a two-year wage freeze on Federal workers, the Obama appointed US deficit commission has called...

RESPONDING to the announcement today of an 85 billion euro European Union and IMF loan facility for Ireland, SIPTU General President Jack...

The President and the General Secretary of the Irish Congress of Trade Unions (ICTU) have urged people to join today’s national demonstration in Dublin,...

Earlier this week the Coalition government’s Housing Minister, Grant Shapps, unveiled the government’s plans to destroy the last vestige of affordable social housing. In what...

TODAY will see the second wave of student anger against the Tory government’s decision to treble tuition fees from around £3,000 to £9,000 a...

IRISH TUC leader David Begg said on Saturday ‘It appears that the day of reckoning has arrived. The barbarians are at the gates.’ ...

OVER 40,000 students and workers demonstrated in Athens last Wednesday on the 37th anniversary of the Polytechnic students’ Uprising of November 17, 1973, which...

LABOUR’S Shadow Chancellor has declared that it is time for the Labour Party to completely dump the union bloc vote in future leadership elections. Johnson,...

IRISH Minister for Finance, Brian Lenihan, and the Irish government, are being forced onto their knees by the EU and the European Central Bank...

PRESSURE is being piled onto the Irish government to accept a further EU bail-out of between 60bn to 80bn euros, which will mean handing...

The Irish Congress of Trade Unions (ICTU) is urging all workers and youth to take part in a national demonstration on November 27 in...

REPUBLICANS on Capitol Hill want to extend the Bush-era tax cuts for the rich, which are set to expire at the end of the...

IRISH government plans to increase university fees from 1,500 euros to 2,500 euros led to Wednesday’s 40,000 strong students march in Dublin, and to...

WHEN the Tory Mayor of London, Boris Johnson, starts accusing his coalition government of ‘Kosovo-style social cleansing’ in the capital over the plans to...

‘WE’RE calling on everyone to join our march from Manchester to London for jobs for youth, and for the smashing of all tuition fees...

‘THE recession has. . . certainly presented us with plenty of puzzles,’ says the Deputy Governor of the Bank of England, Charles Bean. Addressing the...

HE pledged to ditch Blairism when elected as the new Labour Party leader, but Ed Miliband made it clear on Monday that he...

‘THIS conflict could be resolved very easily. Lift the sackings and we can all go back to work,’ declared Fire Brigades Union (FBU) general...

TORY Chancellor Osborne confirmed yesterday that the coalition government was pressing ahead with the most savage attack on the working class since the Second...

‘The coalition has got it wrong. By only having a strategy for cuts, it has no plans for growth and recovery.’ So warned Unison general...

THE bankers coalition has set the scene for next Wednesday’s cuts announcements in true Bullingham Club style, by declaring that ‘welfare cheats’ equal muggers,...

Trade union leaders have been shocked by the latest jobless figures which saw a leap in part-time working and female and youth unemployment. Commenting on...

LEADERS of the International Monetary Fund (IMF) and World Bank came out yesterday with dire warnings about the emerging ‘currency war’. Speaking on the eve...

THE Irish Government’s guaranteeing 100 per cent of all banking deposits has resulted in the Irish state drowning in a bottomless pit of bail-outs....

TWO HUNDRED youth and workers took part in a rally and celebration of five years of the sacked Gate Gourmet workers’ struggle in...

THE working class of Europe is rising up to fight the savage spending cuts now being imposed by governments across the Continent. When the UK...

YESTERDAY Europe shook as millions of Spanish workers took to the streets in a general strike, while over 100,000 workers from all over Europe...

THE general secretary of COSATU, Zwelinzima Vavi addressed the SACTWU National Congress last Friday. His central warning was ‘If the broad liberation movement does not...