Tag: banks

THE price of gold hit a record of 1,111.20 dollars an ounce in trading in London on Monday, as the dollar weakened after a...

A REVIEW of university student fees in England has been launched by Business Secretary Mandelson. The object of the review is to increase, perhaps...

THE Bank of England yesterday maintained its interest rate at 0.5 per cent and decided to step up its money printing programme to give...

‘We’re expecting a big turn out tomorrow for the nationwide demonstrations,’ an Irish Congress of Trade Unions (ICTU) spokesman told News Line yesterday. He added:...

The Unite union yesterday warned that up to 25,000 banking jobs are at risk with the government’s plan to sell off the profitable parts...

THE bourgeois propaganda machine was all set yesterday to spin an expected 0.04 per cent increase in GDP into a ‘the slump is over’...

THE horrific future under capitalism for workers and youth is being revealed on a daily basis, as the price of the government’s £1.3 trillion...

HEALTH Minister Mike O’Brien has responded to the findings of the government-established Care Quality Commission (CQC). This has just claimed that one in eight of...

THE Unite leaders’ policy that workers must share the pain of the capitalist crisis bore more rotten fruit on Tuesday. This was when Unite’s...

THE 24/7 Alliance launched a DVD yesterday morning in Dublin to argue its case against further cutbacks in pay, operational conditions and...

THE US economy has seen 7.6 million jobs destroyed since the US and worldwide slump began, and then deepened, after the crash of the...

The IMF has warned the British government it must make savage cuts in NHS spending and carry out pension ‘reforms’ to cut its debt...

PREMIER Brown’s speech at the Labour Party conference reeked with bourgeois morality and hypocrisy. There is to be a slap on the...

AT yesterday’s Labour Party conference Premier Brown focused on the ‘wrong choices’ that the Tories had made over policies to deal with the...

PRIME MINISTER Brown was fighting for his political life yesterday, as well as for a future for his right-wing ‘bankers’ government. Having saved the...

THE pound continued to fall yesterday as the Bank of England called a crisis meeting for next Tuesday to discuss its ‘Quantitative Easing’ (QE)...

THE CBI bosses organisation yesterday foresaw a ‘recovery’ from the capitalist crisis, but was forced by circumstances beyond its control to admit that, at...

The sacked Gate Gourmet workers marked the fourth anniversary of their struggle with a 200-plus strong rally and an evening of thrilling entertainment at...

‘OUR trade union leaders did nothing for us,’ sacked Gate Gourmet worker Parmjit Bains told a 200-strong fourth anniversary rally for the sacked workers...

THE TUC Congress in Liverpool was brought alive yesterday by a passionate call to fight for jobs with occupations by Mark Campbell of the...

GORDON BROWN’S speech yesterday, at the TUC, was a very poor effort from a politician and a party that have no intention of defending...

THE TUC delegates in Liverpool at the 2009 Congress on Monday voted unanimously to defend public services. Composite Motion C21 Public Services and the Economy...

PRIME Minister Gordon Brown laid down the gauntlet at the weekend to the TUC Congress, being held in Liverpool. Downing Street has released...

PRIME Minister Gordon Brown laid down the gauntlet at the weekend to this week’s TUC Congress, being held in Liverpool. Downing Street has released excerpts...

YESTERDAY afternoon the PM’s office was leaking the speech that Brown is due to give to the TUC Congress on Tuesday. It stressed that if...

TRADE unions and children’s charities have denounced calls from the Taxpayers Alliance and the Institute of Directors for the abolition of child benefit. The right-wing...

CWU members are standing fast at Royal Mail delivery offices across London, in their fight to defend jobs and basic trade union rights. Strike action...

THE price of gold has touched $1,000 an ounce for the first time in six months, more than three times greater than what it...

THE BNP, a fascist movement, is to be promoted by the BBC with an invitation about to be sent to it to appear on...

THE first thing about the McKinsey and Company report was that it was commissioned by the Brown government, at a great cost, and was...

THE Rajapakse dictatorship in Sri Lanka, which is backed with British finance and arms, and British big business investment, is continuing with its dictatorship...

UK Gross Domestic Product fell in the three months from April to June by 0.7% confirming that the slump is deepening and that the...

The US government is heading for a massive $10 trillion budget deficit over the next decade, analysts warned yesterday after the White House projected...

THE Putin regime has been hit hard by the world capitalist crisis, especially by the fall in oil prices, and the effect that the...

YESTERDAY the bourgeois media were demanding to know ‘exactly why this killer was freed’, calling Abdelbaset Ali al Megrahi a...

A WEEK ago the Chairman of the Bank of England, King, suggested that those who said they were seeing the ‘green shoots of recovery’...

WHEN the Monetary Policy Committee (MPC) decided two weeks ago to print £50 billion more for its stimulus programme binge, the City, which was...

RECORD numbers of young people, 835,000 18-24 year-olds, are not in school, college or work in England, official figures are showing. This is an increase...

GENERAL Motors and Magna and its Russian partner Sberbank (which includes the Gaz carmaker) have reached an agreement in principle over the contract...

‘THE world economy remains in a deep recession and its financial system in a fragile condition,’ said Bank of England governor Mervyn...

ON SUNDAY we were told that in the future we will not be able to get the state pension until the age of 70,...

CAPITALISM is truly on the rocks! Unemployment is already heading for three million, of which the majority of the unemployed will be aged between 16...

SIXTEEN workers, eight trade union representatives and the partner of one of the staff who were brought before the High Court after they refused...

SPECULATIVE casino banking, without risk for the bankers, thanks to the Brown government’s pledge to never let a big bank fail, is the way...

GENERAL Sir Richard Dannatt, in his last speech before retiring as Chief of Staff, did his best to open up a second front at...