Tag: banks
‘SAVE OUR UNIVERSITY’ – 500 lobby London Met governors
OVER five hundred students and staff of the London Metropolitan University gathered outside the building in Holloway road in north London yesterday to protest...
Britain Leading The Way To Slump Says The Imf
LAST October the IMF predicted world output would increase by 2.2 per cent in 2009. Yesterday it changed its tune saying that world output...
Lift the ban on the Tigers – Stop the massacres of...
SUPPORTED by the US, the UK and India the Sri Lankan army is bombing and shelling Northern Sri Lanka in a frantic, ruthless and...
No Sackings! Re–Nationalise Steel Industry!
STEEL firm Corus, a subsidiary of India’s Tata Steel cut 3,500 jobs yesterday, 2,500 in the UK out of its 24,000 employees here. ...
Corus Sacks 3,500 – Llanwern To Be In Mothballs
TRADE unions yesterday called on the government to bail out the manufacturing bosses in the wake of steelmaker Corus’ confirmation that it is cutting...
HALT RM PRIVATISATION! – industry making £900,000 a day profits
‘We have to be bold and honest in our fight to stop Royal Mail privatisation,’ Communication Workers’ Union (CWU) Eastern Region Secretary Paul Moffat...
Darling ignored over short selling
BRITISH capitalism is staring disaster straight in the face. Motor car sales in December 2008 were 47.5 per cent lower than in December 2007. Yesterday,...
1.92 Million Unemployed
UK unemployment rose by 131,000 to 1.92 million between September and November, the highest total since September 1997, figures from the Office for National...
Unreal capitalism deserves to perish!
THE crash of the British banks continued yesterday after Royal Bank of Scotland declared a £27bn loss for 2008 on Monday and its share...
Brown gives billions more to the banks
AMID banks posting further huge losses and their share prices collapsing, after the near extinction of the world’s largest banks last October, Prime Minister...
SAVE JOBS AND SAVE OUR ECONOMY – UNITE HERE urges Obama
Today, January 20th, UNITE HERE will launch its UNITE HERE for Change campaign, an ‘effort to work with President Obama and Congress to make...
BANKS MELTDOWN – Taxpayers to foot the bill
The government yesterday extended its stake in the Royal Bank of Scotland to 70 per cent as RBS headed for a record UK £27bn-£28bn...
Greece heralds a capitalist collapse and the European socialist revolution
THE Standard and Poor (S&P) credit rating agency downgraded Greek government bonds on Wednesday sending government stocks and share prices on the Athens Stock...
MANDELSON – Royal Mail privatisation & billions for big business
BUSINESS Secretary Lord Mandelson launched a £20bn loan guarantee scheme for medium and small businesses yesterday, aimed at getting banks to lend to companies...
Slump ‘deepening at an alarming pace’
THE British Chambers of Commerce yesterday published its Fourth Quarter Economic Survey of nearly 6,000 businesses. It highlights what it called ‘a...
JCB AXES MORE JOBS! – despite £50 a week GMB wage...
more than 3,300 jobs were axed or came under threat yesterday as prime minister Brown held his much-heralded ‘jobs summit’ with bosses and union...
Corporatist union leaders are serving the bosses
WITH capitalism in its greatest crisis, and with tens of millions of jobs and tens of millions of people’s lives being destroyed after the...
Labour trying to hide jobless figures
WITH unemployment set to go up by at least one million this year, to three million, the government is in a panic. Its panic is...
Rate cuts and printing pound notes – Brown’s recipe for disaster
THE Bank of England yesterday cut interest rates to 1.5 per cent, the lowest level in its 315-year history, since the start of the...
Nationalise the motor car industry to defend wages and jobs
THE international banking system has collapsed, the steel industries of the planet are in slump, and the US and Japanese motor car giants...
Programme of action needed to prevent capitalist catastrophe
YESTERDAY Adams Childrenswear announced that it had closed down 111 of its stores throughout the UK, and that its remaining 160 shops would stay...
2009 The Year For Getting Rid Of Capitalism
STATEMENT BY THE NEWS LINE EDITORIAL BOARD WELCOME to 2009. It is the year for getting rid of capitalism and the capitalist world order. Capitalism is...
Build millions of council homes to solve housing crisis
CRISIS, the national charity for single homeless people, correctly fears that a massive surge in homelessness is ahead, as it opens its nine Crisis...
The BofE didn’t recognise the crisis of capitalism even when it...
SIR John Gieve, the deputy governor of the Bank of England, yesterday admitted that he was a victim of the historical blindness of the...
Labour Continues To Persecute The Poor
LABOUR’S leaders love the rich and have no time for the poor. As a government, Labour turned Britain into a second tax-free home for Russian...
Stop Hospital Closures – Halt NHS Privatisation
THAT the record £2.1 billion NHS surplus should coincide with press headlines that the NHS is at breaking point is no accident. The winter has...
Capitalism On The Rocks – Forward To Socialism
THE number out of work in the UK rose by 137,000 to 1.86 million in the three months to October – the highest level...
DEFEND THE ROYAL MAIL– No to 50,000 job losses
‘We have to strike to defend Royal Mail, to defend our jobs and to defend our pensions,’ CWU HP Section Chairman, South Central No...
Labour plans war to privatise Royal Mail
THE Brown government is organising a £3bn sell-off of up to one third of the Royal Mail, a privatisation that will cost up to...
30% Wages ‘Sabbatical’ For Vauxhall Ellesmere Port
General Motors, the owner of Vauxhall, has put forward a plan for its Merseyside workforce to ‘take a break’ from two to nine-months from...
Build the revolutionary party in Greece
THE daily demonstrations of youth and workers are continuing in Greece, over a week after the assassination of the 15-year-old school boy Alexis Grigoropoulos...
‘the Last Days Of The Karamanlis Government’
GREEK police made hundreds of arrests as students and youth continued the mass demonstrations against the government in Athens and all major cities. On...
GREEK YOUTH ATTACK POLICE STATIONS – While French students occupy lycées
FOR the fifth consecutive day Greek school and university students and workers continued to demonstrate in the capital Athens and in virtually all cities...
OCCUPY GM PLANTS – Nationalise motor car industry
‘THE news that General Motors is heading into bankruptcy means that the future of all GM plants is in the balance, especially the two...
Huge Athens Strike Rally Demands The Resignation Of The ‘Murderers Government’
A huge Athens strike rally on Wednesday demanded the resignation of the ‘murderers’ government’ of Greek Prime Minister Kostas Karamanlis. Under glorious sunshine tens of...
SHADOW OF 1930s HANGS OVER BROWN-MERKEL SPLIT
GERMANY’S Finance Minister Steinbruck yesterday attacked the Gordon Brown policy for saving the bankers and capitalists from the crisis, as recklessness itself. He described Labour’s...
Karamanlis threatens Greek youth!
THE Greek Prime Minister Kostas Karamanlis delivered a 5-minute proclamation on all national TV channels and radio stations on Tuesday night condemning as ‘enemies...
Tories Ally Themselves With Purnell To Beat The Unemployed
YESTERDAY in the House of Commons the Tories were glorying in the fact that their votes will make sure that Labour’s bill to force...
Occupation of Republic Windows and Doors shows the way to the...
THE occupation of a relatively small factory in Chicago by its angry workforce, members of the UE trade union, to prevent its closure, has...
Thousands march against ‘murderers government’
OVER 5,000 Greek school and university students along with teachers and university lecturers demonstrated through the Athens city centre yesterday afternoon for the third...
GREECE ERUPTS! – Thousands march against police killing
SOME 15,000 students, youths, workers and trade unionists marched on Sunday afternoon from Athens Polytechnic to the Greek police HQ in protest against the...
Greek Revolution Erupts – With The Youth In The Lead!
IN all of the Greek cities there were clashes throughout yesterday between workers and youth and the riot police, and other Greek special forces....
Greek Workers March Against Police
Throughout Saturday night thousands of youth attacked banks and department store buildings as well as police stations in Athens and in many other Greek...
UAW reformists propose to surrender gains of US workers
THE UAW leaders are prepared to ‘suspend’ all of the gains of US autoworkers to try and assist the big bosses of GM, Chrysler,...
Union Leaders Look Both Ways On Queen’s Speech
Most trade union leaders welcomed the Brown government’s legislative programme announced in Wednesday’s Queen’s Speech. However, the Public and Commercial Services Union (PCS) warned...