Tag: banks

IN ‘going-broke Britain’ the number of people becoming insolvent in England and Wales in 2009 was 134,142, according to official data from the Insolvency...

THE Greek ‘socialist’ Prime Minister George Papandreou has announced austerity measures to attack the country’s working class, youth, urban middle class and small farmers,...

The Bank of England is warning that high street banks face big new risks from future rises in interest rates and the current crisis...

‘Blair lied, thousands died’, chanted over seven hundred, mainly young, protesters outside the Iraq Inquiry last Friday, the day that the former prime minister...

THE Chinese government has condemned the US and President Obama for agreeing to a $6.4bn US arms sale package to Taiwan. The island of Taiwan...

A VERY hard pressed Obama, right at the start of his state of the Union message, was forced to summon the ‘God of Battles’...

THE 0.1 per cent ‘recovery’, the ‘work’ of Gordon Brown and Chancellor Darling has caused laughter and incredulity throughout the planet. It is a...

RESEARCH by charity ‘Save the Children’ has found that between 2004 and 2008, an additional 260,000 children were pushed into severe poverty in the...

CHANCELLOR Darling yesterday warned Britain’s public sector workers that they must follow what he called the example of the private sector, and...

‘We reject public sector pay cuts,’ GMB national officer Sharon Holder told News Line yesterday. She was responding to remarks by chancellor Darling yesterday, where...

SCOTT Brown’s victory for the Republican Party, in the Massachusetts election for the US Senate, does not mean that US workers can’t wait to...

RECORD BREAKING UK inflation rate statistics were reported by the ONS (Office for National Statistics) yesterday. Inflation rose at its fastest annual pace for nine...

President Barack Obama tried to convince top union leaders to drop labour’s opposition to taxing workers’ health care benefits at a meeting at the...

EARLIER this week Chancellor Alistair Darling promised the most draconian cuts in public spending for 20 years as a result of the Labour government’s...

JUST days after the failure of the Hoon-Hewitt attempt to remove Gordon Brown as premier, one of Labour’s leading right-wingers, Frank Field, yesterday...

LAST Saturday, the Tory leader, Cameron, told the Daily Telegraph that if he should win the General Election he is ready to toughen the...

HEWITT and Hoon, are two of the Labour Party’s leading Blairites. Hoon was heavily involved in Blair’s criminal Iraq war, and in the...

THE CBI New Year’s message calls for ‘a new and re-energised government by the summer, with – we hope – the authority to take...

NEWS LINE sends its revolutionary greetings for 2010 to the working class and the poor of the planet. We especially greet the insurgent masses...

The British Medical Association (BMA) has today unveiled a set of New Year’s resolutions for politicians to help them protect the future of the...

FOR some days now, Minister Jowell has been campaigning in the cabinet to stop Gordon Brown being verbally beastly to the Tories, by bringing...

IN the middle of the Labour Party’s general election campaign, a section of the Labour cabinet led by Mandelson, Jowell and others is breaking...

THE collapse of the Eurotunnel rail service, at the hands of a normal European winter, with no service for four days, and passengers left...

THE UK’s public sector net borrowing hit a record high of £20.3 billion in November, official figures show. The figure was the highest for any...

BA managers were yesterday pledging a ‘fight to the death’ with the Unite trade union and its members to force through cuts in wages,...

THE President of the Irish Congress of Trade Unions and General President of SIPTU, Jack O’Connor, has attacked Budget 2010 as ‘callous, unjust and...

CHANCELLOR Darling has announced that £600m will be ‘saved’ by 2012/13 from across ‘higher education, science and research budgets, including student support’, meaning...

OVER 15,000 Greek school and university students and secondary school teachers marched through the Athens city centre on Monday afternoon in commemoration of the...

Tens of thousands of Greek school and university students, young workers and unemployed youth participated on Sunday in mass and militant rallies in all...

THE PCS trade union yesterday accused the bankers’ Prime Minister, Gordon Brown of ‘beginning a bidding war on who can cut the most.’ The...

THERE were oceans of tears yesterday for the 1,700 workers who are to be sacked when Corus mothballs the greater part of its plant...

Tata Corus’s shock decision to mothball Teesside Cast Products (TCP) is a ‘premature decision that will have disastrous consequences for Teesside and the UK...

Irish Congress of Trade Unions (ICTU) General Secretary David Begg said on Wednesday that the Dublin government must now ‘choose between continued deference to...

CITY Minister Lord Myners yesterday said shareholders should take action to stop million pound bonuses after Royal Bank of Scotland directors threatened to resign...

AFTER the Abu Dhabi stockmarket experienced a record one-day fall of 8.3 per cent, and Dubai’s Financial Market Index fell 7.3 per cent yesterday,...

‘BUILD the Workers Revolutionary Party and the Young Socialists and the Fourth International.’ That was the message from the News Line/Trotsky Anniversary rally attended by...

PRESIDENT Obama is set to throw tonnes of petrol onto the Afghan flames. After months of strategic and tactical discussions with his military and political...

DUBAI’S ‘debt repayment’ postponement for six months has brought renewed havoc to European, Asian and North American stock markets. They have all been reminded that...

THE Bank of England governor, Mervyn King, has dropped a bombshell in a letter to the House of Commons Treasury Committee. He revealed...

THE UK’s public sector net deficit for October reached £11.4bn and is the highest monthly deficit since records began. The national debt at...

The Bank of England Monetary Policy Committee (MPC) was divided over its ‘quantitative easing’ policy of printing money this month. The Minutes of the last...

‘The BMA has long voiced concerns about the Independent Sector Treatment Centre programme,’ a British Medical Association (BMA) spokeswoman told News Line yesterday. She was...

Over 20,000 students, youth and workers took part in a militant anti-imperialist demonstration in Athens on Tuesday to commemorate the 36th anniversary of the...

THE working class saw the Tories, and the Scottish Tories of the SNP, off in Thursday’s by-election in Glasgow North East. On...

AFTER an exhausting, genocidal war, hugely costly in lives and resources, and in the face of a working class movement that is now demanding...