Tag: banks

KING Abdullah of Saudi Arabia, whose nation is the world’s number one oil exporter, called on consumer countries to get used to high prices...

YESTERDAY’S shares collapse across the globe was blamed by economists on record inflation, record oil prices and fears of more banks...

LAST year the Bank for International Settlements (BIS) was alone amongst banks in warning that the situation had similarities to that at the time...

‘IT is very clear that the collapse of the capitalist system has collapsed New Labour, that is the modern Labour Party’, News...

LABOUR’s fifth place at Henley, shamefully behind the fascist BNP, will go down in history as an example of a party being thrust into...

THE resolution of the United Nations Security Council condemning violence in Zimbabwe, carried with both China and Russia voting for the motion, ...

HUGE hikes in gas and electricity bills are coming this year, the energy privateers flagrantly announced yesterday. ‘Big Six’ energy bosses told MPs on the...

CHANCELLOR Darling said on Sunday that pay rises for people ‘from the boardroom to the shopfloor’ need to be ‘consistent’ with the 2% inflation...

CHANCELLOR Darling has followed up his appearance before the bankers at the Mansion House on Wednesday night, where he pledged that wage rises would...

PRIME Minister Brown’s alliance with the right-wing Democratic Unionist Party has paid off with the passage by nine votes of his amendment to the...

IN the last few weeks we have seen the road hauliers take to the streets against the massive increases in petrol and diesel prices...

GIVE us a date for strike action and we’ll do it, the leader of the Prison Officers Association (POA) – whose members are banned...

AT a time when the working class is starting to roar like a lion and demand and vote by over 90 per cent majorities...

ON Saturday June 29, the News Line daily newspaper will be having a joint conference with the All Trades Unions Alliance, the body that...

CITIGROUP bank has warned the Bank of England’s Monetary Policy Committee (MPC) against upping interest rates when it meets this week. It noted that already...

THE development of the world capitalist crisis is now affecting every section of the working class and the poor in every part of the...

Lorry Drivers and small hauliers rallied hundreds strong at Marble Arch in London yesterday to demand a government fuel subsidy or fuel tax relief...

THE violence against foreigners accused of taking jobs and working as cheap labour that has swept the South African townships has its source in...

‘My personal view is the unions should be up in arms over the number of beds lost in the NHS,’ East Surrey UNISON official...

THE defeat of the Labour Party in the Crewe and Nantwich by-election – by 7,860 votes, making a 17.6% swing to the Tories from...

Unemployment is set to increase sharply this year, economists have warned, after a Bank of England report showed more firms were looking to axe...

THE fighting in Johannesburg and its surrounding black townships, over the past week – with more than 23 people being killed, pitched battles with...

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...