Tag: banks

STOCK markets in the US ended last week sharply down following tough comments by the head of the country’s central bank, the Federal Reserve,...

115,000 postal workers are out today in a 24 hour strike for a  ‘dignified, proper pay rise’, the Communication Workers Union (CWU) said yesterday. Members...

WHILE there is a decline in Washington’s standing as a superpower, the United States is facing another harsh reality – the decline of the...

THE CWU (Communication Workers Union) is taking national strike action this Friday with 115,000 Royal Mail workers stopping work. Further action has been called for...

THE OUT OF CONTROL UK inflation rate has hit double digits – 10.1% according to the Office for National Statistics. It says it’s at...

LABOUR leader Keir Starmer returned from holiday at the weekend to announce his new ‘robust’ plan to freeze the cap on electricity and gas...

THIS week, forecasts for the increase in household energy bills were dramatically increased to over £4,200 for an average UK household in January next...

Former Labour chancellor and prime minister Gordon Brown has stepped forward to offer himself up as the saviour of bankrupt British capitalism. Brown made his...

IN a ‘blunt message’ to the BBC the Bank of England governor yesterday warned that interest rates may have to rise even higher, saying...

YESTERDAY nine members of the Bank of England’s Monetary Policy Committee voted to increase the interest rate from 1.25% to 1.75%. This is the sixth...

AT A TIME when the cost of living is rocketing Tory leadership contender Truss has been forced to publicly scrap her plan to link...

Such is the depth of the crisis in British capitalism that even the ultra-loyal Tory press can no longer pretend that the working class...

‘I’m 100 per cent for a general strike,’ Communication Workers Union (CWU) Capital Branch Assistant Secretary and BT Tower rep Darren Weller said yesterday...

LARGE numbers of Labour MPs will attend Communication Workers Union (CWU) picket lines again today, in defiance of the anti-union stance taken by party...

Yesterday, the Trades Union Congress (TUC) published its plan to cut energy bills by re-nationalising energy retail companies. The plan, issued in advance of next...

BRITISH capitalism has plunged even deeper into debt! It was revealed yesterday that interest payments on the massive £2.4 trillion national debt have more...

SRI Lanka’s prime minister Ranil Wickremesinghe has been sworn in as acting president, while the country reels from the economic crisis and the developing...

THE International Monetary Fund (IMF) issued another dire warning about the economic crisis raging throughout the world yesterday with its head, Kristalina Georgieva, saying...

THE RCN (Royal College of Nursing) called for a pay rise of ‘inflation plus 5%’ for members over the weekend as it called on...

BORIS Johnson finally resigned as Prime Minister early yesterday after more than 50 Tory ministers and aides jumped ship and left him floundering to...

ALL of the Isle of Wight’s Southampton-to-Cowes ferries will shut down during summer holidays as 120 workers take strike action against Red Funnel and...

THE BMA’s annual conference has called for restoring pay to 2008 levels and for GPCEngland to organise the withdrawal of GP practices from Primary...

THOUSANDS of Indigenous people continue to demonstrate in the Ecuadorian capital, as their calls for social and economic reforms grow louder despite a crackdown...

‘A GENERAL STRIKE to bring down the Tories and kick them out now!’ was the main demand on the 100,000-strong TUC march from the...

YESTERDAY, the Bank of England (BofE) hiked up the interest rate by 0.25% to 1.25%, its highest level in 13 years – the first...

TORY Prime Minister Boris Johnson appeared in Blackpool yesterday to deliver what was billed as his great ‘reset speech’, to shore up his leadership...

WITH a Civil War raging inside the completely split Tory Party there could be no better time for taking on the Tory regime, defeating...

SIX people have been charged by the Met police for allegedly breaking Covid-19 lockdown rules while attending the Sarah Everard vigil in south London. Many...

THE national demonstration and march on Parliament called by the TUC on Saturday June 18th has met with a massive response throughout the working...

THE BRITISH pound is facing an ‘existential crisis’ that is only going to get worse according to the Bank of America and the outlook...

CHANCELLOR Sunak received Labour cheers for his statement in parliament on Thursday, as the Tories fought to regain some popularity after the continuing exposure...

ORY chancellor Rishi Sunak announced an emergency cost of living package to the House of Commons yesterday, as soaring inflation that is driving millions...

WORKERS up and down the country, struggling to feed their families in the face of a massive price inflation that is growing all the...

TORY ministers are in a state of despair over the complete inability of the Johnson government to come up with any measures to ‘help’...

THE ANNUAL meeting of the World Economic Forum (WEF) at the Swiss resort of Davos started yesterday on the theme of ‘history at a...

THE cost of living is now rocketing thanks to PM Johnson’s and Foreign Secretary Truss’ determination to inflame the war in the Ukraine and...

DWP STAFF are to get police powers, the Tory government announced yesterday to investigate the poorest people on Universal Credit. The DWP (Department for Work...

ANDREW Bailey, governor of the Bank of England, bluntly spelt out to MPs that the world faces an ‘apocalyptic’ food crisis that will have...

A GROUP of economists issued an open letter yesterday warning that Tory Chancellor Rishi Sunak’s planned financial deregulation bill will lead to an economic...

THOUSANDS of workers and young people took to the streets throughout France on Sunday sending a clear ‘message’ that workers are preparing a massive...

LAST Thursday, the Sri Lankan capital Colombo was halted as hundreds of thousands of trade unionists and their supporters took to the streets in...

SECRETARY-general of the Lebanese Hezbollah resistance movement, Sayyed Hassan Nasrallah, has warned of a slide towards violence after at least six people, including a...

THE Biden administration has imprisoned tens of thousands of asylum seekers in US prisons where they suffer lengthy detention, severe physical and psychological harm...

PRIME Minister Boris Johnson spent less than five minutes apologising over ‘Partygate’ to the House of Commons yesterday, before putting it to one side. He...

HEZBOLLAH Secretary General Sayyed Hassan Nasrallah has hailed the new acts of heroism by Palestinians against Israel, saying the Lebanese resistance movement will continue...