Tag: banks
Haniya Meets Euro-Med Human Rights Commission
PALESTINIAN Prime Minister, Hamas leader Ismail Haniya met a delegation from the Euro-Med Human Rights Committee at his office in Gaza last Saturday....
Shares Crash As Debt Crisis Explodes
IN London yesterday, the FTSE 100 rebounded momentarily, but then fell back into the red, down by 48.5 points by 1pm after a...
Flood Disaster = Britain’s New Orleans
WE all saw the Katrina disaster, and what it did to New Orleans, destroying whole areas of the city and making them uninhabitable to...
More ‘breadline poor’ after 10 years of Labour governments
The gap between the rich and poor has widened in recent years and is greater than at any time in the past 40 years,...
Scrap the Public Private Partnership on the tube
METRONET, the Public-Private-Partnership (PPP) within London Underground, has collapsed financially after years of failure to provide services required by the capital’s transport system. It...
US crisis intensifies!
THE US dollar, reflecting the crisis of the US capitalist economy, is now sinking fast against both the euro and the pound sterling. Rising...
New universities going bust as education becomes a commodity
FORTY-SIX universities, mainly but not entirely made up of ex-Polytechnics, were put on a list by the Labour government, after the introduction of tuition...
Its revolution or ruin for the Middle Class
IT was Harold Macmillan back in the days of ‘You have never had it so good’ in the late 1950s and early 1960s who...
Under Brown They Don’t Pay Any Any Taxes
GORDON Brown in his budget got rid of the lowest rate of tax, 10p in the pound, thereby setting out to further punish the...
AA sold to Saga, Permira and CVC bosses pocket £300m
TRUE to form the private equity capitalist groups Permira and CVC having acquired the prestigious AA motoring group with the help of huge borrowings...
Call a national postal strike and bring out all the...
ROYAL Mail chairman Allan Leighton reiterated yesterday that the organisation cannot afford to improve its 2.5 per cent pay offer, despite staff voting 77...
Debt crisis threatening students, home-buyers & public services
COMMENTING on a report from the Student Loan Company (SLC) on Monday, National Union of Students (NUS) President Gemma Tumelty said: ‘Fee loans, along...
End the Israeli occupation of Palestine!
IT IS 40 years since Israeli warplanes destroyed the Egyptian airforce on the ground and Israeli troops occupied the Sinai peninsula, occupied Syria’s Golan...
Hamas Rejects Arab Forces In Gaza
The Palestinian government and the Hamas movement have rejected the admittance of any Arab or international military forces to the Gaza Strip, or to...
Hodge, Blears and Blair say foreigners to the back of the...
LABOUR Industry Minister Margaret Hodge has won the support of Hazel Blears (Chairman of the Labour Party and a candidate for the deputy leadership...
‘THERE WILL BE NATIONAL ACTION!’ – over Royal Mail sack threats...
‘There will be national action on Royal Mail and I would think Counters will be involved. The whole country will come out now,’ Greenford...
PFI – PROFIT FOR PRIVATEERS AND RISK FOR NHS – MPs...
MPs on the House of Commons Committee of Public Accounts in their report of Private Finance Initiative (PFI) refinancing have called for tougher regulation...
‘After Blair, Not Brown But A Workers’ Government And Socialism’
TWO HUNDRED trade unionists and youth attended the News Line-All Trades Union Alliance conference in Bethnal Green, east London, last Sunday. Opening the conference, chairman...
US death toll rockets in Iraq
FIVE more American troops were killed and three were captured near Mahmoudiya, 20 miles south of Baghdad, in a pre-dawn attack on Saturday. The...
BUILD REVOLUTIONARY LEADERSHIP – forward to a workers’ government
TWO HUNDRED trade unionists and youth attended the News Line-All Trades Union Alliance conference in Bethnal Green, east London, yesterday. Moving the main resolution, ‘After...
Keep out the Tories – bring down the Blair-Brown government! Forward...
LABOUR was routed in Thursday’s regional and council elections losing by late yesterday afternoon 454 councillors and eight councils in England, while it lost...
REGULARISATION FOR ALL! – march and rally for migrants’ and refugees’...
On the 7th of October 2006 a coalition of migrant groups, trade unions and social justice activists marched in London demanding equal rights for...
A billionaires’ paradise – the UK under Blair and Brown
IN the last 12 months the working class and the vast majority of the middle class have desperately struggled under a huge and...
British economy skating on thin ice
BA is currently approaching a number of private equity companies about forming a consortium to bid for Iberia airlines. Iberia said last month...
Time to take action against the venture capitalists
A BIDDING war between warring groups of venture capitalist locusts has broken out over who is to asset strip Boots. Yesterday morning, the...
Build millions of council houses to solve housing crisis
PUBLIC sector workers such as firefighters, teachers, and nurses, cannot afford to buy homes in seven out of 10 UK towns, because of the...
Inflation up as Blair-Brown move to cut wages!
INFLATION in the UK is accelerating out of control. According to the latest Labour government figures which grossly underestimate the process the Consumer...
Heading For A Housing Crash!
ON MONDAY trading on the Wall Street stock market in New Century Financial shares was halted, as the second largest US sub-prime mortgage lender...
We need more doctors and nurses not less
AS a result of Tory and Labour health reforms designed to break up the NHS, we now have thousands of unemployed nurse graduates and...
Decisive Action Needed To Defend Welfare State!
THE working class is rising up to defend the Welfare State. On Saturday, hundreds of thousands of workers and members of the public took...
After China sneezes Wall Street drops like a stone
A NINE per cent fall on the small Chinese stock market, after rumours that the Stalinist bureaucracy was about to tax shares, and slightly...
Expropriate The Venture Capitalists
WE are living in the period of the death agony of the capitalist system. It is only natural then, that out of the shadows should...
Kelly plans new attacks on council tenants
RUTH Kelly, Secretary of State for Communities and Local Government, has backed proposals to end the long-term secure tenancies of working-class families living in...
Britain’s Trade Crashing To Disaster
2006 saw Britain’s trade in goods dive to a massive deficit of £84.3 billion.This was £15.5 billion more than the £68.8 billion deficit figure...
Revisionists in alliance with Tory right-winger Ian Duncan Smith
AT a time when the crisis of the Labour government is reaching the point of explosion, the WRP and the Young Socialists are calling...
Bush’s ‘Defining Hour’ Or When The Bell Tolls For Imperialism
BUSH opened his 2007 State of the Union speech with an open admission that his regime is facing defeat both at home and abroad....
£23bn PROFIT FROM NHS – being made by PFI companies
Banks and developers will make £23 billion in profits and interest over the next 30 years by building NHS hospitals under the government’s Private...
Brown Favours Bush’s ‘New World Order’
CHANCELLOR Gordon Brown has spoken of the need for a ‘new world order’. He is not embarrassed that this is what President Clinton and...
Rapidly rising inflation threatens wages, jobs, and homes
THE UK inflation rate has leapt to an 11-year high of three per cent according to the government’s Consumer Prices Index (CPI) which grossly...
Rate Rise Shock – Condemned As Panic By Tuc
BIG BUSINESS, the stockmarkets and the TUC were shaken yesterday midday when the Bank of England raised its interest rates by a quarter of...
Free social care and care homes for the elderly
THE just-published ‘State of Social Care’ report from the Commission for Social Care Inspection (CSCI) was greeted as ‘a damning indictment of a...
Jobs For Youth – Smash The Cheap Labour Economy
Youth unemployment is now higher than it was in 1997, with 702,000 young people aged 16-24 jobless, according to official figures released just before...
2007 – The Year For Revolution!
THE News Line editorial board sends its revolutionary greetings for the New Year of 2007 to the working class and youth of the world,...
Labour Cabinet Minister Fears For Her Seat
THE Labour government’s policy to cut, close, reconfigure, and privatise the NHS has caught up with a number of senior government ministers, including leading...
Greek Students March Against Privatisation
TENS of thousands of students have been participating in a series of rallies and demonstrations all last week throughout Greece, protesting against the right-wing...