Tag: banks

THE AIM of every government in 2008 is to ‘maintain stability through the world economic slowdown’, said Chancellor Darling yesterday in his budget...

TUBE passengers and taxpayers remain exposed to an unacceptable level of financial risk and could face another ten-figure bill if the Tubelines consortium were...

BLACKSTONE, the world’s biggest private equity capitalist raider, has reported a collapse in its profits in the last three months...

THE Bank of England is acting like a rabbit frozen in the headlights of a powerful car. It knows that, this Thursday, it wants...

HEZBOLLAH MP Hassan Fadlallah on Friday condemned the sending of a US warship, the USS Cole to the eastern Mediterranean. He said Hezbollah would not...

NO sooner has the US’s man, Musharraf, been decisively beaten in the Pakistan elections, than the US through its Defence Secretary Gates is issuing...

THE class message of the Labour government is clear. It is that if you’re a banker, you can do no wrong and are...

THE Tory Party has been driven to the brink of hysteria by the fact that the capitalist world banking system is on the brink...

Unite (Amicus section) yesterday expressed fears for the jobs of thousands of its members currently working at Northern Rock, as Chancellor Darling introduced emergency...

THE Governor of the Bank of England, Mervyn King has proclaimed that the crisis of capitalism means huge ongoing cuts in the standard of...

RAPIDLY rising food, gas, electricity and petrol prices pushed up the cost of living in January, even according to the government’s rigged inflation rate...

INVESTMENT banker David Freud is the adviser behind Prime Minister Brown’s plans to slash the benefits of the sick and the disabled. This is at...

THE deeper the crisis of the capitalist system gets, the more desperate the measures that it takes to sustain the bosses and bankers’ system,...

On January 7th 2008, prime minister Gordon Brown made a key policy speech on the NHS, in which he called for ‘continued reform’ and...

BROWN and the Treasury have announced that they prefer a private sector ‘solution’ to the Northern Rock bank crisis, while Brown’s spin doctors have...

Billions of pounds, euros and yen were wiped off European and Asian share prices yesterday as markets responded to Tuesday’s collapse on Wall Street...

MORE than $170 billion (£87 billion) has been wiped off the balance sheets of companies worldwide as a result of the collapse of the...

The Bank of England’s Monetary Policy Committee yesterday voted to keep the official Bank Rate on hold at 5.5 per cent. The Bank had been...

PREMIER Brown says he wants three-year pay deals for public sector workers, rather than the traditional annual deals, to help keep UK inflation low. ...

THE TUC general secretary, Brendan Barber, in his New Year’s message said that his two fears for 2008 were the dangers of a banking...

RECENTLY there have been a few years of increased government spending on the NHS, after many years of chronic underspending. Most of the new...

BY THE NEWS LINE EDITORIAL BOARD THE NEWS LINE Editorial Board sends its revolutionary New Year’s greetings for the year 2008 to the workers and...

BRENDAN Barber the TUC general secretary in his New Year message confesses that he has two ‘big worries’ for the year 2008. He...

At least thirty people were killed as President Musharraf yesterday called out the army to restore order in the cities as violent protests spread...

AT 6.16pm local time yesterday evening the Pakistani military assassinated Benazir Bhutto, putting a bloody end to the notion that there can be some...

TONY BLAIR, his hands still dripping with the blood of hundreds of thousands of Iraqis, and with financial scandals swirling all round...

AMBULANCE crews in south-east Wales are staging a four-week, unofficial overtime ban to highlight how much the ambulance service now relies on their willingness...

Prime Minister Brown is ‘on a collision course with the trade unions’, warned UNISON yesterday. A UNISON spokeswoman told News Line: ‘We want to make...

PRIME Minister Gordon Brown justified pay cuts for workers in the public services and the billions handed over by the Treasury to the bankrupt...

‘A painful adjustment faces the global banking sector over the next few months as losses are revealed and new capital is raised to repair...

THE Ernst and Young Item Club, whose computer model of the economy is the same as the Treasury’s, said last Friday that banking regulations...

Greek workers staged last Wednesday the biggest general strike in history against the proposed ‘reforms’ on pensions planned by the right-wing government of prime...

UP to 1.5 million fixed rate mortgage holders are going to have to renegotiate their mortgages in the New Year. Many of them are already...

FACED with loud and strident demands to slash its lending rate, to try and avoid a housing crash and a depression by crashing the...

HOSTILITIES have broken out between rival gangs of economists on the eve of the meeting of the Bank of England’s Monetary Policy Committee (MPC)...

THIS is the period of world revolution. That was the message delivered to the News Line Anniversary Rally attended by 200 youth and workers in...

THE chief of the Federal Reserve Bank, Bernanke, has hinted heavily that the developing slow down of the US economy will be met with...

YESTERDAY the number two CWU leader Dave Ward was boasting that the super-flexibility deal that the leadership put to the membership and which over...

YESTERDAY Gordon Brown attempted to revive his political credibility, severely damaged after the Northern Rock and Child Benefit details crises by delivering a speech...

JUSTICE Secretary, Jack Straw, yesterday dismissed Tory claims that Labour is facing its own Black Wednesday, over Northern Rock and the missing data discs...

‘Many thousands of low paid workers, including many UNISON members lost money and faced a bleak Christmas as a result of the despicable behaviour...

THE collapse of the US sub-prime market has produced a major banking crisis in the UK, which has seen the Northern Rock bank being...

HUGE petrol and food price increases have pushed up the UK cost of living, cutting workers’ wages and living standards. The Office of National Statistics...

HEZBOLLAH leader Hassan Nasrallah addressed a mass rally in the Lebanese capital Beirut last Saturday to mark ‘Martyrs’ Day’ celebrations. He spoke about the...

BOTH the HSBC and Barclays banks along with the Royal Bank of Scotland have suffered major share losses in the past week, as investors...