Tag: britain

THE Treasury yesterday confirmed that Bradford & Bingley’s (B&B) £50bn mortgages and loans will be nationalised. The mortgage bank’s £20bn savings unit and branches...

YESTERDAY two major banks had to be nationalised to prevent a run on the UK and EU banking system. They were the Bradford and...

Mortgage bank Bradford & Bingley is to be nationalised to prevent a run on the bank and its complete collapse, possibly spreading...

BOTH Washington and London were yesterday involved in a desperate race against the clock. Labour let it be known, Sunday mid morning, that it will...

Angry, striking carworkers from Sandouville (Seine-Maritime) Renault plant demonstrated in the streets of Le Havre on Thursday, September 25. The French motor manufacturing giant recently...

Bush made a two-minute statement on the White House Lawn yesterday following his failure to get agreement on Treasury Secretary Hank Paulson’s massive $700...

Prime minister Brown met Wall Street fund managers yesterday, officially for talks on how best to protect savings and pensions during the current global...

THE US president George Bush has been so frightened at the prospect of a 1929 collapse and a 1930s depression gripping the US that...

THE commander of British forces in Afghanistan yesterday said he needs double the number of soldiers in Helmand Province to cope with the increasingly...

Communication Workers Union members are angry that Royal Mail Group has taken Executive Action to replace postal workers’ final salary scheme with an inferior...

A FEW WEEKS ago the US Secretary of Defence, Gates, was accused of trying to corral the British government into sending more troops...

Prime Minister Brown yesterday revealed he has no policies to deal with the economic crisis in the interests of workers. In his keynote address to...

‘I want to talk to you about a new settlement for new times. A fair Britain for the new age. . . my unwavering...

YESTERDAY at the Labour Party conference the leaders who not so long ago announced to the world that they had conquered the essential tendency...

THOUSANDS of trade unionists will be marching in Manchester today to the Labour Party conference to protest at the ‘breadline wages’ that public sector...

THOUSANDS of trade unionists – including members of Unite, the GMB and the CWU postal workers’ union – will demonstrate in Manchester today at...

BRITISH Airways workers are being threatened again that they will either have to work longer or pay more to maintain the value of their...

BOTH Wall Street and the London stock markets made record advances yesterday. The FTSE 100 index rocketed upwards on Friday morning adding £80billion to share...

ONCE AGAIN the Labour Party leadership of Brown and Darling have shown where their class allegiance lies – and at great cost to the...

‘IT seems to me that bank workers are treated as second-class citizens as though their jobs don’t matter.’ This is what Ged Nichols, general secretary...

Responding to yesterday’s unemployment figures, TUC General Secretary Brendan Barber said: ‘Today’s figures show that unemployment is starting to accelerate and it now...

The inquest into the death of Jean Charles de Menezes will begin next Monday 22nd September at 10am at the Oval Cricket Ground, The...

THE Federal Reserve Bank’s $85bn ‘rescue’ of AIG was carried out to stave off an immediate international financial and business collapse. It has turned...

QUEUES formed around the Singapore offices of an AIG subsidiary yesterday, as the world’s biggest insurance company collapsed, losing 70% of its share price. At...

SHARE price collapses continued yesterday after the bankrupting of the fourth largest US investment bank, Lehman Brothers, and the ‘rescue’ of Merrill Lynch by...

Wall Street shares fell 2.4% when trading opened in New York yesterday, in the midst of the financial turmoil caused by the bankruptcy of...

LEHMAN Brothers and Merrill Lynch, two pillars of the capitalist world’s banking system, have gone. The first declared bankruptcy, after the US Federal Reserve...

TONY Woodley, the Unite joint general secretary, has stepped into the row over the demand for a Labour Party leadership debate and a leadership...

‘FORCE this British government to carry out the rightful decision to return us back to our beautiful islands and put an end to these...

TUC Delegates passed Motion Seven on EU Attacks on Trade Union Rights yesterday, which the TUC General Council supported with reservations. The Fire...

TUC delegates at their Congress in Brighton yesterday voted unanimously for Motion 23, Asylum Seekers and Employment to launch a campaign to secure the...

ADMIRAL Mullen the US chief of the general staff has stated that he is not convinced that the US is winning the war in...

By Irish political journalist JOHN COULTER STORMONT stands on the brink of collapse – a political dilemma the North has not faced since 2002 when...

THE European Commission stated yesterday that the UK, Germany and Spain, key members of the EU, with Germany being the world’s biggest exporter, are...

‘FORCE this British government to carry out the rightful decision to return us back to our beautiful islands and put an end to these...

THE nationalisation of the Fannie Mae and Freddy Mac mortgage finance companies by the ultra right wing Bush administration is a forced admission of...

DELEGATES to the Trades Union Congress (TUC) yesterday voted overwhelmingly to demand the re-nationalisation of public utilities, in opposition to the TUC leadership’s ‘reservations’. TUC...

THE number of civilian deaths admitted to by US and NATO forces as a result of airstrikes in Afghanistan is just the tip...

‘The SCO (Shanghai Co-operation Organisation) countries face common threats in the form of America and NATO’, says the Iranian newspaper Resalat. Full members of...

The French post office union federations, CGT, SUD-PTT, CFDT, FO, CFTC and CGC, have called on postal workers nationally to strike and demonstrate on...

The Prison Officers Association is calling for a series of one-day general strikes to force the repeal of the anti-union laws. Its motion on Trade...

THE Bank of England (BoE) Monetary Policy Committee decided yesterday to make no change in its base interest rate and to leave it at...

The National Union of Students (NUS) yesterday published a ‘groundbreaking’ report which highlights the faults of the university funding system in unprecedented detail. In ‘Broke...

The Brown government has so far this year handed over more than £200bn to cash-strapped banks, it was claimed by a leading Swiss banker...

THE pound fell to an exchange rate of $1.77 yesterday, its lowest level for two-and-a-half years. In June sterling was trading at $2, but...