Tag: britain

The first banks to get money under the UK government’s £500bn bank rescue plan are expected to do so this morning. Over the weekend, the...

THE run on shares last Friday, particularly bank shares, devastated capitalists and capitalism. The Royal Bank of Scotland saw its shares crash by 25 per...

MORE THAN 700 nursing posts are under threat in Northern Ireland as part of wider plans to cut almost 2,500 health service jobs over...

CHANCELLOR Darling flew to the US yesterday to meet with fellow finance ministers, and Federal Treasury Secretary Paulson, for the IMF-World Bank Annual Meeting. Yesterday...

Brown and Darling yesterday announced a £500bn package of measures aimed at rescuing the banking system. The equivalent of $880bn, it means they are handing...

YESTERDAY saw the big international push get under way to try to rescue the bankers of the world from the crisis of their capitalist...

Over 500 trade unionists, youth and supporters rallied outside the US Embassy in central London on Wednesday evening to demand the release of the...

WE WANT Tamil Eelam!’, ‘Don’t kill Tamil people!’, ‘Let us live in peace!’, ‘Rajapakse – war criminal!’ and ‘Sri Lanka – terror government!’ shouted...

Billions more pounds were wiped off UK bank shares, yesterday, in the wake of Monday’s falls which saw £93bn wiped off the London Stock...

US Defence Secretary Gates has condemned as ‘defeatist’ a comment by the British commander in Afghanistan that the war there cannot be won. Speaking...

UK share prices crashed yesterday, wiping over £85bn off the London Stock Exchange, with the FTSE 100 index crashing 391 points or 7.85% to...

NEW Business Secretary Peter Mandelson admitted yesterday that he had checked in with his old boss Tony Blair before he agreed to take up...

‘WE have agreed to make a solemn engagement as heads of state and government to support banking and financial institutions faced with the crisis,’...

Doctors, nurses and health workers will take to the streets with local people today, Saturday 4 October, to defend the future of Hinchingbrooke Hospital,...

Prime Minister Brown, flanked by Chancellor Darling, told a press conference yesterday that, ‘the changes I have announced in the cabinet and in the...

US Defence Secretary Gates, and the new US military commander in Afghanistan, General Petraeus have recently been canvassing in London for a doubling of...

THE manufacturing sector of the British economy shrank last month at the fastest rate for 17 years, that is since 1992, according to figures...

‘Industries must be nationalised under workers control and with no compensation to the failed former owners,’ said All Trades Unions Alliance national secretary Dave...

President Bush yesterday warned Americans that the economic damage to the US will be ‘painful and lasting’ if Congress fails to pass his $700...

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...

THE Independent Reconfiguration Panel (IRP) has endorsed proposals to close Chase Farm Hospital as an acute District General Hospital (DGH). This is in order that...

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...