Tag: banks

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...

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...