Tag: banks

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...

TENS of thousands of supporters of defeated Iranian presidential candidate Mir Hossein Mousavi staged a ‘silent’ protest rally in Tehran on Wednesday against the...

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...

THE New Labour Brown government has come out as the true representative of the biggest banks, as befits a government that has doubled the...

YESTERDAY the Office for National Statistics produced figures showing the record breaking numbers of unemployed and the record breaking growth of unemployment. UK unemployment...

UNISON General Secretary Dave Prentis yesterday pledged ‘our union will bring together an alliance of all public service unions’ to defend jobs and public...

UNISON yesterday demanded ‘an end to this bottomless PFI pit’. The Treasury’s decision to pump an extra £2bn of taxpayers’ money into recession-hit PFI...

‘GM workers in Luton should intensify their calls for a mass meeting to demand an immediate occupation,’ ex-Vauxhall convenor Arthur Lynn told News Line...

THE European Central Bank is having nightmares about the state of the 25 banks that underpin the financial system of the Eurozone within the...

THE voice of the NHS managers spoke up yesterday. The NHS Confederation reported ‘The health service in England won’t survive unchanged’. This is doublespeak, for...

JOBS are now going in a huge avalanche. The Lloyds Banking Group, where the government has the major stake, is set to begin a...

WITH even more right-wing forces seeking to bring down the Brown government from the right, trade unions now have an opportunity to show their...

A THOUSAND youth and workers marched through Enfield town centre on Saturday, shouting: ‘Stop the Closure! Defend Chase Farm!’ They were led by the North-East...

JOHN Hutton, the fourth Labour Cabinet minister to quit in the past week, has left his post and will also quit as an MP,...

LENIN’S definition of a revolutionary situation is one in which the ruling class is unable to rule in the old way – and has...

NEXT MONDAY June 1 GM will seek Section 11 Bankruptcy, cutting off GM Europe with less cash than is required to see the week...

IMPACT trade union’s civil service conference has passed an emergency motion on the report of the Commission to Inquire into Child Abuse –...

‘I totally support the call to occupy GM Luton to defend jobs’, former Vauxhall Luton TGWU convenor, Arthur Lynn told News Line yesterday. He...

NEARLY half of all employers (45 per cent) will not be offering jobs to 16-year-old school-leavers and graduates this year. The Chartered Institute of Personnel...

THREE companies have bid to take over GM Europe from the crisis-stricken US giant. They are Italian carmaker Fiat, Canadian parts maker Magna and...