Tag: banks

NOT ONLY has the world crisis of capitalism now been accepted as the reality by even the most sceptical of the bourgeoisie, its different...

ONCE again PM Gordon Brown and the Labour Party have revealed that while they rushed to handing over £150 billion to the bankers, they...

THE class basis of the Blairite ‘Third Way’ politics is now being clearly revealed for all to see. It is a one hundred per...

HOME SECRETARY Smith yesterday revealed Labour’s master plan, at a ‘We’re Not Having It’ outrage conference, held to try to claw back its lost...

BERTIE Ahern quit as the Irish Republic’s Taioseach and Fianna Fail leader on May 6th. Political Journalist JOHN COULTER analyses how he will be...

OIL reached a new record price above 120 dollars a barrel on Tuesday, with New York’s main oil futures contract, light sweet crude for...

ON this day of international labour solidarity we call on our fellow trade unionists and all those worldwide who have stood against war and...

LABOUR suffered a net loss of 331 seats in local elections in England and Wales on 1 May. It also lost out to Tory...

BROWN’S ‘bad night for Labour’ was the direct result of a self-inflicted wound – Brown’s Thatcherite policies – that cost Labour up to...

‘Capitalism has had its day, it’s historically bankrupt. Now’s the time to bring it down and go forward to socialism.’ Workers Revolutionary Party General Secretary...

MAY DAY MANIFESTO By the News Line Editorial Board THE NEWS LINE editorial Board sends its May Day greetings for the year 2008 to the workers...

A BATTALION of 600 British troops will be sent to Kosovo, Defence Secretary Des Browne announced yesterday, after NATO requested extra soldiers...

DAVID Miliband yesterday urged the Labour Party to rally behind Prime Minister Gordon Brown, who is facing mounting opposition in the working class because...

THE depth of the capitalist world crisis has set the US juggernaut lurching forward once again. This time it is threatening Syria, and by...

Over 400,000 teachers, college lecturers and public and civil servants held a magnificent one-day national strike on Thursday, with a militant turnout on marches...

THE leaders of the National Union of Teachers (NUT), the Public and Commercial Services Union (PCS), the University and College Union (UCU) and the...

TENS of thousands of teachers, college lecturers and civil servants are striking today against government-imposed pay cuts. As a result of the action by the...

WITH another 100 million people no longer able to afford the food they need to live, two international meetings were underway in London and...

THE Bank of England yesterday launched its government-backed scheme to allow the major banks to swap their dodgy mortgages for UK Treasury Bonds, in...

The Bank of England yesterday launched a scheme to allow banks to ‘swap temporarily their high quality mortgage-backed and other securities for UK Treasury...

Essays on Working-Class and International Revolution 1904-1917 Collected and Translated by MOISSAYE J OLGIN 7. Internal Forces of the Russian Revolution (Appeared in the New York daily paper...

CHANCELLOR Darling yesterday admitted that the Labour government, cold-bloodedly, in the last budget, abolished the 10p tax rate for the lower paid, knowing that...

Leon Trotsky OUR REVOLUTION Essays on Working Class and International Revolution 1904-1917 Collected and Translated by MOISSAYE J OLGIN Introduction 5. Revolutionary anniversaries REVOLUTIONARY anniversaries are not only days for reminiscence, they are days for...

PRIME Minister Brown has made an appeal to the Wall Street bankers to be honest, surely a contradiction in terms. He wants them to publicly...

PRIME MINISTER Brown said yesterday that he will not be diverted from taking ‘unpopular’ decisions to ensure Britain gets through the global credit crunch....

Soaring factory prices have seen UK producer inflation reach its highest rate, 6.2%, in nearly 17 years in March. Annual ‘output price inflation’ at 6.2%,...

THERE is not the slightest doubt that capitalism worldwide is in its greatest crisis ever. The US-UK failed attempt to occupy Iraq and...

FOOD riots and major strike actions are erupting all over the capitalist world, driven forward by a doubling of food prices in many countries,...

NURSES and other NHS workers have been offered a three-year pay deal worth 8% by the government. NHS trade union leaders who are prepared...

THE Prime Minister, Gordon Brown, who once boasted that he had resolved the crisis of capitalism and its tendency to go from boom to...

THE MUGABE regime has been beaten in the polls by the trade union backed Movement for Democratic Change and is now considering its options...

UNISON yesterday called on the government to build more council houses as First Direct became the first major bank to stop lending to house...

A JOINT report from the Confederation of British Industry (CBI) and Pricewaterhouse Coopers (PWC) yesterday revealed the fears in business circles that the ‘credit...

MPs were urged yesterday to vote against government proposals for ‘secret inquests’, and to reject plans for 42-day detention without charge by both human...

SCHOOLS Secretary Ed Balls and his predecessor Alan Johnson have given the go-head to the sell-off of 19 school playing fields over the past...

LAST Wednesday’s general strike in Greece, against the government’s reactionary Pensions Bill, marks a most critical turning point in the fast developing revolutionary situation....

THE major British banks want to be able to use a ‘wider range’ of collateral, meaning their very dodgy mortgage portfolios, for the billions...

Workers participated in their millions last Wednesday in the biggest one-day general strike in Greece. It was called by the GSEE (Greek TUC) against the...

The Bank of England yesterday mortgaged £11 billion more of taxpayers’ money to shore up the big UK banks, as bank bosses held talks...

MARCH 2008 sees the US and UK armed forces and governments irreparably damaged as a result of their failure to subdue the Iraqi people...

The Unite trade union yesterday told Northern Rock that they will oppose any plans for compulsory redundancies at the publicly owned bank. Following the announcement...

THE OFFICIAL annual rate of inflation leapt in February, according to the Office of National Statistics (ONS). Figures published yesterday showed that the Consumer Prices...

Billions of dollars, euros, pounds and yen were wiped off the world’s stock markets yesterday, as they reacted to the emergency bail-out of US...

ON SATURDAY more than 1,000 British Airways pilots marched on BA’s Heathrow headquarters over plans by BA to use non-BA pilots, in its new...

ON August 15 1971, the then president of the United States, Richard Nixon ended the gold backing for the US dollar, which up till...