Tag: banks

THE Northern Rock bank, recently nationalised by the government has made a £585m loss for the first six months of the year, but the...

THE HSBC bank has just declared a 28 per cent, $3.9bn fall in half year profits. It has written off another $3.7 billion...

JUST a few months ago the UNISON leadership accepted the government’s below inflation wage cutting deal over three years. Now the union has had...

THE Labour party and the trade unions released a joint statement from the Warwick policy conference yesterday. This revealed why the Prime Minister was able...

AFTER the Labour party defeat at Glasgow East, one of the safest Labour seats in the country, the Prime Minister Gordon Brown has stated...

INCAPACITY Benefit will be abolished under the Welfare Green Paper just published by Works and Pensions Minister, James Purnell. The 2.7 million people receiving Incapacity...

CHANCELLOR Darling has told his cabinet colleagues there will be no more money made available for schools, hospitals or transport. These vital services face cuts,...

ENERGY bills will rise by more than 60% within the next few years, a report for the UK’s biggest domestic energy supplier Centrica said...

TODAY 800,000 local council workers, members of the UNISON and UNITE trade unions, begin a two-day strike against a government-imposed wage cut, an offer...

THE capitalist state has had to admit that its war on two fronts means that it cannot rely on the British army for strike...

THE reaction of the Brown government to the eruption of the capitalist crisis has been to champion the interests of the banks, pledging to...

THE British Chambers of Commerce (BCC) quarterly report has just discovered a situation that every worker and every shopper has been acquainted with for...

Prime Minister Gordon Brown yesterday gave a fitting reply to all those trade union bureaucrats who were saying that he could be forced to...

TEXAS PACIFIC GROUP’S decision to cut and run, taking with it the £179 million that was to be used to buy 23 per cent...

The price of oil continued to soar yesterday, with Brent crude rising above $146 per barrel (p.b.) for the first time ever. Brent crude...

HUNDREDS of hauliers picketed parliament in London yesterday to demonstrate against the rising cost of fuel, and the way that it is destroying their...

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...