Tag: banks

GAS and electricity prices have gone through the roof leaving families unable to pay their bills, with hundreds of thousands sitting in freezing cold...

US INFLATION rate hit 7% last month – the highest since Ronald Reagan was president in 1982 – making it the seventh consecutive month...

PM JOHNSON yesterday apologised for attending an illegal drinks party in the Downing Street garden while millions of people were under lockdown, and making...

THE International Monetary Fund (IMF) yesterday warned that the massive surge in US inflation driving the Central Federal Reserve Bank (Fed) to push up...

THE BMA yesterday condemned the 150,000 Covid deaths, so far, since the start of the pandemic. The reason for the mountain of corpses is...

New Year’s statement by the News Line Editorial Board THE NEWS LINE Editorial Board sends revolutionary greetings for 2022 to all our readers and to...

AS CHRISTMAS approaches, the strike wave sweeping Britain is far from abating, in fact it is growing in strength and determination by the day...

THE Omicron strain of the Coronavirus now accounts for more than 73% of new US cases of Covid-19, up from 13% just a week...

EMPLOYEES at the European Central Bank (ECB) are the latest to join workers across Europe in demanding wage increases to meet the spiralling inflation...

LORD FROST has delivered a heavy blow at the John- son government with his resignation letter of last Saturday. He wrote: ‘You know my concerns...

THE Tory Party has lost the ‘farming country’ North Shropshire seat’ that it has held for nearly 200 years to the Liberal Democrats, in...

THE JOHNSON government is now paying the price for refusing to follow the example of China by organising a national lockdown, with no loss...

WITH the North Shropshire by-election looming on Thursday, just two days after the vote in Parliament on Boris Johnson’s Plan B to try and...

TORY science minister George Freeman admitted yesterday that the government had rejected the advice of its own experts at SAGE over restrictions designed to...

IRANIAN Foreign Minister Hossein Amir-Abdollahian says the United States expanding sanctions against Iran, is a major obstacle to the Vienna talks aimed at putting...

THE KNIVES are out for Tory prime minister Boris Johnson after his disastrous performance over sleaze, U-turns over social care and now his bizarre...

LECTURERS and staff took on Goldsmiths College higher management yesterday launching a bold and powerful three week strike against redundancies and the axing of...

NEWS LINE Editor Jonty Leff told the News Line 52nd Anniversary Rally on Saturday: ‘We hail the struggle of the Palestinian workers and youth. ‘We...

‘WE ARE meeting today in a period where the world crisis of capitalism has reached the point of explosion,’ All Trades Unions Alliance National...

NOT TO WORRY about spiralling inflation, MPs were told on Monday by senior members of the Bank of England, as the soaring cost of...

EX-TORY MP Owen Paterson has been a paid consultant for clinical diagnostics company Randox since 2015, and for meat distributor Lynn’s Country Foods since...

EUROPE has erupted in strikes as workers rise up against raging inflation which is driving down living standards to poverty levels across the EU. Germany,...

ON WEDNESDAY, the RMT transport union members won a massive victory in their fight against the ‘pitiful’ pay offer from ScotRail. RMT members at ScotRail,...

‘FAMILIES hit by the cost of living crisis, business hit by a supply chain crisis, those who rely on our schools and our hospitals,...

TORY chancellor Rishi Sunak yesterday unveiled the government’s spending plans in a budget he billed as preparing the country for a new ‘age of...

THE US, the most powerful economy in the world, has already crashed into a recession that will shatter the capitalist world. This is the inescapable...

THE GOVERNOR of the Bank of England, Andrew Bailey, has issued the starkest warning that the UK economy faces a massive inflationary spiral and...

MICHAEL Saunders, a member of the Bank of England’s Monetary Policy Committee (MPC), is warning that households, and million of workers must brace themselves...

TORY Chancellor Rishi Sunak in his speech to the Tory Party conference yesterday pledged to ‘double down’ on his plans to resuscitate drowning British...

WITH the petrol stations closing, British capitalism suffered another shock yesterday when it was announced that the UK’s second biggest oil refinery is on...

THERE is ‘no shortage of fuel’ and people should be ‘sensible’ and only fill up when they need to, Transport Secretary Grant Shapps said...

THE CRISIS of capitalism is now acute. It has reached the point of explosion, with its very life blood – gas and electricity now...

‘THERE is absolutely no question of the lights going out,’ Kwasi Kwarteng, Tory business secretary claimed yesterday He was making a statement after a number...

OVER 400 angry leaseholders from the End Our Cladding Scandal campaign, the National Leasehold Campaign rallied in Parliament Square last Thursday demanding an end...

THE UK INFLATION rate hit a nine-year high in August with prices increasing by 3.2%, a sharp increase from the 2% recorded in July,...

AS THE annual conference of the TUC, this year conducted on-line, opens, the GMB union released analysis of official data showing that 100,000 care...

US TREASURY Secretary Janet Yellen on Wednesday warned congressional leaders that the Treasury will run out of cash next month and the federal government...

AFRICAN National Congress (ANC) workers are continuing protesting outside party headquarters at Luthuli House in Johannesburg demanding fair labour practices and salary payments. The ANC...

TORY PM Boris Johnson yesterday unveiled his strategy for ‘fixing’ the country’s ‘broken social care system’. Central to his plan is to increase National Insurance...

THE US Wall Street is fast heading for a crash according to the Bank of America (BoA) as the huge speculative bubble on the...

ONE SURE SIGN that capitalism is rapidly heading for an economic crash of historic proportions is the regularity in which increasingly desperate articles are...

THE PALESTINIAN resistance movement Hamas says the Israeli regime must be held fully accountable for any consequences of tightening the years-long all-out siege on...

ran will only import coronavirus vaccines from countries whose products are certain to be safe, or use vaccines it produces itself, Major General Hossein...

SUNDAY August 15 marked the 50th Anniversary of the collapse of the Bretton Woods Agreement which shattered any illusions about the ability of world...

THE US AND UK imperialist powers have just suffered a historic defeat in Afghanistan. Last week, even as they scuttled out of the country,...