Tag: banks

THE RMT rail union announced yesterday that it is to put a new offer from Network Rail to members in an electronic referendum with...

THE BANK for International Settlements (BIS) – dubbed the bank for central banks – issued a dire warning in its latest quarterly review that...

UCU MEMBERS were out on strike on Wednesday with historic numbers this week over stagnant pay, miserable working conditions and casualisation of academic work. In...

CHINESE President Xi Jinping said on Tuesday that China is ready to work with Russia to forge a closer partnership in energy cooperation. Energy cooperation...

With nurses and thousands of NHS workers planning to take national strike action next month over their demands for pay increases to protect them...

The South African Federation of Trade Unions (SAFTU) on Friday condemned the South African Reserve Bank (SARB)’s Monetary Policy Committee (MPC) hiking of the...

STRIKING postal workers fighting Royal Mail’s diktat yesterday called for a general strike. On a lively picket line outside Camden Delivery Office, London NW1, Communication...

THE POSTAL workers union, CWU, is now in a headlong collision with a Royal Mail management openly moving to destroy the union as an...

FIRST speaker at the News Line Anniversary Rally on Saturday was Bill Rogers, ASLEF Chingford Branch Chairman, who said: ‘This rally is being held...

OVER 100 workers, students and youth attended the News Line Anniversary Rally at the Wheatsheaf Community Hall in Vauxhall, south west London on Saturday...

YESTERDAY, Tory Chancellor Jeremy Hunt delivered his Autumn budget – the second budget from the government in under two months. The first was the disastrous...

UNIONS representing more than a million staff working across the NHS met with Health Secretary Steve Barclay on Tuesday to discuss the growing workforce crisis...

THE UNITE trade union kicked off a campaign yesterday morning to call on Tory prime minister Rishi Sunak and chancellor Jeremy Hunt to ‘use...

THE UK economy is heading for a recession and a slump as the latest official figures show. It shrank between July and September by...

THE Royal College of Midwives (RCM) yesterday launched only its second ballot on industrial action in England and its first in Wales in its...

YESTERDAY morning, Tory ministers had to submit to the Office for Budget Responsibility (OBR) their plans to impose the cuts demanded by Chancellor Jeremy...

Over 10,000 workers and youth joined the ‘Britain is Broken’ march through London on Saturday, called by the People’s Assembly, with big delegations from...

THE Bank of England yesterday raised interest rates by the most in 33 years from 2.25% to 3%, and accompanied its action with a...

THE Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most...

LIBERTY campaigners, alongside Greenpeace UK staff and volunteers and representatives from other civil rights groups demonstrated outside Parliament on Tuesday as the Tories’ Public...

THE UK CAPITALIST STATE is currently engaged in a war on two fronts. The first is to aid the right wing Ukrainian regime with hundreds...

TODAY’S lobby of Parliament called by the TUC represents a complete avoidance of the real fight to the finish between the working class and...

IN THE much-anticipated medium term budget policy statement (MTBPS), the Minister of Finance, Enoch Godongwana, will, like his counterparts at the South African Reserve...

‘A SPEECH to calm the party and the country’ was how the Tory-supporting Daily Mail greeted the speech by newly installed prime minister Rishi...

TORY Chancellor Hunt announced yesterday that the ‘fiscal statement’, which had been due to be delivered next Monday, 31st October, will now be delayed...

NURSING staff are quitting their NHS pensions to make ends meet as the cost-of-living crisis bites. The number of staff opting out of the NHS...

Rishi Sunak delivered his first address to the nation as prime minister yesterday morning. He started by praising Liz Truss and Boris Johnson in a...

Rishi Sunak was appointed Tory Prime Minister yesterday after his opponent Penny Mordaunt withdrew from the race at the last minute. Sunak was overwhelmingly rejected...

WITH the Tories set to decide whether they want Boris Johnson or Sunak to continue with the job of completely destroying all of the...

AUSTERITY measures set to be imposed on the working class by the collapsing Tory government will be harsher than those endured for the past...

LIZ Truss, who not so long ago posed on the Polish border on a British tank expressing her hostility to Russia, before becoming more...

PM TRUSS resigned yesterday afternoon after a meeting with the Chairman of the Tory MPs backbench 1922 Committee, Sir Graham Brady. Making her announcement, she...

LIZ Truss appeared outside 10 Downing Street at 1.30pm yesterday to announce that she was resigning following a meeting with the Chairman of the...

TUC leader Frances O’Grady welcomed delegates to the TUC Congress yesterday saying: ‘Welcome to the TUC, our parliament for working people. ‘Represented, here in the...

FRENCH refinery workers have continued their strikes as a petrol crisis drags on across the country, with authorities threatening to resort to force to...

CONSISTENCY between fiscal and monetary policy is paramount for economic and financial stability as high debts and deficits push more countries into budget crises...

KWASI Kwarteng was sacked yesterday afternoon as Tory Chancellor, just weeks after he announced huge unfunded tax cuts that triggered a financial crisis by...

Liz Truss was only installed as Prime Minister little more than 4 weeks ago but yesterday a senior Tory minister, Foreign Secretary James Cleverly,...

THE Bank of England on Tuesday insisted that it was dumping the pound and would proceed with its decision to stop supporting the bond...

CABINET ministers are urging fellow Conservatives to get behind Prime Minister Liz Truss, after a week of open disagreement and back-stabbing within the Tory...

TO DESCRIBE the forced decision by Tory Chancellor Kwasi Kwarteng to abandon his plans to end the 45% top rate of income tax to...

The Communication Workers Union (CWU) took strike action on Friday and Saturday and explained the reasons for doing so. In a letter to all its...

TORY Prime Minister Liz Truss finally emerged from Downing Street yesterday to make her first public statement on the economic crisis that has brought...

THE International Monetary Fund has openly condemned the UK government over its tax cuts that handed billions to the rich, warning that the measures...

UK CAPITALISM is in crisis. After the falls in sterling, and the rampant oil, gas and food inflation, the ruling class is desperate and...