Tag: banks

PM TRUSS resigned yesterday afternoon after a meeting with the Chairman of the Tory MPs backbench 1922 Committee, Sir Graham Brady. Making her announcement, she...

LIZ Truss appeared outside 10 Downing Street at 1.30pm yesterday to announce that she was resigning following a meeting with the Chairman of the...

TUC leader Frances O’Grady welcomed delegates to the TUC Congress yesterday saying: ‘Welcome to the TUC, our parliament for working people. ‘Represented, here in the...

FRENCH refinery workers have continued their strikes as a petrol crisis drags on across the country, with authorities threatening to resort to force to...

CONSISTENCY between fiscal and monetary policy is paramount for economic and financial stability as high debts and deficits push more countries into budget crises...

KWASI Kwarteng was sacked yesterday afternoon as Tory Chancellor, just weeks after he announced huge unfunded tax cuts that triggered a financial crisis by...

Liz Truss was only installed as Prime Minister little more than 4 weeks ago but yesterday a senior Tory minister, Foreign Secretary James Cleverly,...

THE Bank of England on Tuesday insisted that it was dumping the pound and would proceed with its decision to stop supporting the bond...

CABINET ministers are urging fellow Conservatives to get behind Prime Minister Liz Truss, after a week of open disagreement and back-stabbing within the Tory...

TO DESCRIBE the forced decision by Tory Chancellor Kwasi Kwarteng to abandon his plans to end the 45% top rate of income tax to...

The Communication Workers Union (CWU) took strike action on Friday and Saturday and explained the reasons for doing so. In a letter to all its...

TORY Prime Minister Liz Truss finally emerged from Downing Street yesterday to make her first public statement on the economic crisis that has brought...

THE International Monetary Fund has openly condemned the UK government over its tax cuts that handed billions to the rich, warning that the measures...

UK CAPITALISM is in crisis. After the falls in sterling, and the rampant oil, gas and food inflation, the ruling class is desperate and...

ALL WORKERS, youth and trade unionists must support the decision of Russian leader Putin to call up reservists to serve in the Ukraine, and...

THE TUC CONGRESS is set to meet on Tuesday October 18th, just as the Truss government is poised to take the rail trade unions...

THE MODI government’s ‘lies and myth-making’ at the National Labour Conference have been denounced by the All India Central Council of Trade Unions (AICCTU). The...

PM TRUSS is determined to remove a cap on bankers’ bonuses as part of a post-Brexit shake-up of City rules, to really get the...

THE new Tory Chancellor Kwasi Kwarteng is reported to be preparing to scrap the cap on the multi-million pound bonuses bankers award themselves. Originally the...

THE borders of the Kherson region are securely protected by the Russian military, and any attempts by the Ukrainian armed forces to advance towards...

SOARING milk, cheese and egg costs have pushed food inflation to its highest level for 14 years, with millions of UK families heading into...

THE UK’s job market, which the Tories and their supporters have long held to be evidence of the ability of British capitalism to ‘bounce...

THE wall-to-wall coverage of the death of Queen Elizabeth by the bourgeois media, and the way that the TUC has used this massive wave...

THE RMT announced yesterday that the ‘RMT joins the whole nation in paying its respects to Queen Elizabeth' and that ‘the planned railway strike...

RUSSIAN President Vladimir Putin plans to meet with Chinese President Xi Jinping and other foreign leaders at the upcoming summit of the Shanghai Cooperation...

PM TRUSS, with her new team in place after clearing out the discredited Johnson gang, is now seeking to save British capitalism from its...

STOCK markets in the US ended the week sharply down following tough comments by Jerome Powell, head of the country’s central bank, the Federal...

TEACHERS are increasingly seeing the devastating effects of the cost of living crisis on pupils, a survey by the NASUWT teachers’ union has revealed. Teachers...

WITHOUT enough staff, the NHS is increasingly close to collapse,’ the Royal College of Nursing (RCN) warned yesterday. RCN General Secretary and Chief Executive,...

‘WE NEED collective action and a general strike. This Tory government has to go. It’s spent the last ten years looking after the bosses...

WITH food banks running out of food, the poor are being condemned, not just to poverty but to a starvation existence, of begging on...

OVER 100,000 Royal Mail workers are striking again today. 30,000 BT Openreach engineers, along with 10,000 BT call centre workers are also on strike,...

THE biggest strike of the summer so far continues today, as 115,000 postal workers fight for a  ‘dignified, proper pay rise’. Royal Mail Group members...

THE SKYROCKETING increase in energy bills is driving the health and education services to the wall, with leaders in both these vital services warning...

STOCK markets in the US ended last week sharply down following tough comments by the head of the country’s central bank, the Federal Reserve,...

115,000 postal workers are out today in a 24 hour strike for a  ‘dignified, proper pay rise’, the Communication Workers Union (CWU) said yesterday. Members...

WHILE there is a decline in Washington’s standing as a superpower, the United States is facing another harsh reality – the decline of the...

THE CWU (Communication Workers Union) is taking national strike action this Friday with 115,000 Royal Mail workers stopping work. Further action has been called for...

THE OUT OF CONTROL UK inflation rate has hit double digits – 10.1% according to the Office for National Statistics. It says it’s at...

LABOUR leader Keir Starmer returned from holiday at the weekend to announce his new ‘robust’ plan to freeze the cap on electricity and gas...

THIS week, forecasts for the increase in household energy bills were dramatically increased to over £4,200 for an average UK household in January next...

Former Labour chancellor and prime minister Gordon Brown has stepped forward to offer himself up as the saviour of bankrupt British capitalism. Brown made his...

IN a ‘blunt message’ to the BBC the Bank of England governor yesterday warned that interest rates may have to rise even higher, saying...

YESTERDAY nine members of the Bank of England’s Monetary Policy Committee voted to increase the interest rate from 1.25% to 1.75%. This is the sixth...

AT A TIME when the cost of living is rocketing Tory leadership contender Truss has been forced to publicly scrap her plan to link...