Tag: banks

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...

THE Editorial Board of the News Line sends its revolutionary greetings to the workers of the world at a time of the greatest ever...

Over 300 people rallied outside the Whittington Hospital, north London, yesterday lunchtime, against the closure of the hospital’s A&E and maternity departments. Organisers ‘Defend the...

A LIVELY North East London Council of Action monthly picket of Chase Farm Hospital won big support yesterday for its determination to keep the...

A LIVELY North East London Council of Action monthly picket of Chase Farm Hospital won big support yesterday for its determination to keep...

Enfield North WRP election candidate Anna Athow and her campaign team received a big response on the High Street yesterday. Anna, a consultant surgeon, has...

SUPPORT is growing for the Workers Revolutionary Party candidates standing in the general election. In south London on Saturday, many new recruits were made, especially...

‘THIS situation cannot be allowed to continue,’ GMB national officer Sharon Holder told News Line yesterday in response to this year’s Sunday Times Rich...

BALPA the pilots trade union yesterday called on the government to rescue the air industry with the ‘same approach that kept the banks afloat’....

‘WE will build alliances needed to fight future attacks’ Dave Prentis, the Unison leader, told its Health Conference in Brighton yesterday. Addressing health workers, including...

YESTERDAY BALPA, the pilots’ union, sounded the alarm at the crisis of the major airlines. This has been immeasurably sharpened by the eruption and continuing...

‘MORE and more leverage in the system. The whole building is about to collapse anytime now. . . Only potential survivor, the fabulous Fab....

THE number of US workers signing up for unemployment benefits and leaving non-farming payrolls has risen sharply for the second consecutive week. The US Labour...

The Gaza government is facing a financial crisis in light of a ban imposed on bank transfers to the Hamas-led government by Egypt and...

GORDON Brown was putting on a show of humbleness last night when he admitted on TV that he was not perfect but had made...

THEY say that patriotism is the last refuge of a scoundrel, and Gordon Brown proved the point yesterday when he began his forward to...

AT SATURDAY’S march to defend the Welfare State, workers from across the country were clear that action will have to be taken to defend...

‘NHS NOT FOR SALE – Keep Our NHS Public!’ declared the banner which led the Defend the Welfare State march on Saturday, alongside that...

THOUSANDS of workers, students and youth will be marching today to defend the ‘Welfare State’ from the attacks of the current Labour government, and...

The WRP is standing seven candidates in the May 6 parliamentary elections and below is the party’s election manifesto. VOTE WRP ON MAY 6th! VOTE FOR...

THE privatisation of housing has been a complete disaster. Completely inadequate numbers of new homes have been built in every region in England since...

THE National Housing Federation (NHF) complains that the government has missed its home-building target for the last seven years and that the housing crisis...

LABOUR Prime Minister Brown is the choice of the capitalist state should there be a hung parliament on May 7, even if the...

THERE were renewed calls yesterday by Barack Obama, Gordon Brown and other political leaders of major capitalist countries for international cooperation to tackle the...