Tag: banks

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...

BRITAIN’S Foreign Secretary David Miliband told NATO imperialist military chiefs in Brussels yesterday that the strategy in Afghanistan must be geared to ‘an inclusive...

ECONOMIC activity declined by 0.8 per cent over the three months to the end of June, a fall of 5.6 per cent in Gross...

THE University and College Union (UCU) yesterday condemned the decision by the Higher Education Funding Council for England (HEFCE) to reduce funding for university...

‘THINGS are going well,’ occupying Vestas worker Mark Smith said yesterday. ‘People are in good spirits and we are standing by our call for...

Workers staging the third day of a sit-in protest at the Vestas Wind Systems wind turbine factory in Newport Isle of Wight, yesterday said...

Workers occupying the Vestas wind turbine factory in Newport on the Isle of Wight demanded the nationalisation of the plant yesterday. In a defiant statement,...

THE capitalist crisis and the massive indebtedness of British capitalism, with its national debt closing fast on its GDP of £1.4...

LAST Saturday thousands of steel workers and their families marched in the North-East to stop the closure of the Redcar Corus plant. The closure...

PICKETS were out at Hornsey Road sorting office in north London yesterday, as angry Royal Mail workers across the capital and in many towns...

THE Fire Brigades Union has called for a public inquiry into the fatal fire in the Camberwell high rise block which claimed six lives....

DAY one of the London CWU’s three-day strike action was a massive success, after the move by the Royal Mail and the government...

PRESIDENT Obama has urged a ‘reset’ in relations between the US and Russia. This comes after the defeat that the US and NATO suffered in...

THE moment of truth is fast approaching for British capitalism. The British capitalist economy is in its death agony with falls in production taking place...

Business Secretary Peter Mandelson is due at the GM Luton plant, Gate 2, at 9.30am this morning. He has been invited by the local Unite...

BEING able to force the Brown-Mandelson government to ‘shelve’ the bill for the part-privatisation of the Royal Mail proves that the working class is...

BUSINESS Secretary Peter Mandelson – who did not lift a finger to save the LDV van factory from administration, to which it was consigned...

DOCTORS at the BMA conference yesterday voted for Motion 269, which stated: ‘That this meeting requests government, in view of new-found enthusiasm...

WORKERS at Lindsey power station, the Royal Mail and doctors have shown their strength in rejecting and fighting attacks on their jobs, their wages...

‘END this ludicrous, divisive and expensive experiment of the market in healthcare in England.’ This was the call from Dr Hamish Meldrum, the Chairman of...

THE OECD has warned that the British capitalist economy is the sick man of the capitalist world and is currently experiencing a record fall...

BRITISH capitalism is desperately cutting its coat according to its cloth as far as education is concerned. Deep in debt and risking state bankruptcy, the...

THE provocative sacking of over 650 workers at the Lindsey Oil Refinery – who walked out to demand that a recently negotiated trade union...

Public-sector union Unison yesterday cautioned against panic cuts in public services in the wake of record government borrowing. UK public sector net borrowing, which takes...