Tag: banks

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...

A FRESH banking crisis is developing, with the credit ratings agency Moody’s reducing the Anglo-Irish bank’s debts to just above junk status. It is estimated...

THE news that the Accident and Emergency and maternity units at Queen Mary’s Hospital are to be closed for the coming winter is a...

The Tory-led coalition’s Business Secretary, Vince Cable, yesterday launched a demagogic attack on ‘spiv’ and ‘gambling’ bankers and their bonuses at the LibDem Conference. This...

THE ‘Wolf’, the Governor of the Bank of England, Mervyn King, at yesterday’s TUC Congress, sought to explain to the ‘sheep’, the working class,...

The RMT delegation walked out of the conference hall in Manchester yesterday as Bank of England governor Mervyn King stood up to warn the...

DELEGATES to the TUC Conference in Manchester on Monday voted almost unanimously – with just one dissenting voice from BALPA pilots’ union leader Jim...

DELEGATES to the TUC Conference in Manchester yesterday voted almost unanimously for Composite Motion 10, Defending public services and for Paragraphs 3.1 and 3.13...

IT WAS asserted by economists long ago that labour is the source of all wealth, and Federick Engels – the lifelong friend and collaborator...

RAIL union RMT said Tuesday’s strike for tube safety and safe staffing levels on London Underground was ‘rock solid’, and demanded that the...

THE leaders of Labour, ‘New’ or otherwise, chose to debate their leadership credentials yesterday over the Murdoch-owned Sky TV, the centre of the Murdoch...

HUNDREDS of thousands of people are going hungry in Los Angeles County, California, in the richest state in the richest country in the world. Demand...

THE leadership scuffling that is taking place in the Labour Party is underlining one major fact – its crisis is terminal. This is a party...

Millions of graduates will now face paying interest on their student loans again as new interest rates came into effect yesterday. Payments to the Student...

THE Bank of Japan (BoJ) took emergency measures yesterday in a desperate attempt to rescue the country’s stagnant economy (growth rate 0.4%) and boost...

THE South African 300,000-strong National Union of Mineworkers (NUM) has called a one-day solidarity strike with the 1.3m public sector trade unionists who have...

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...