Tag: budget

THE credit ratings agency Moody’s has downgraded 15 global banks and financial institutions. The UK banks downgraded were Royal Bank of Scotland, Barclays, HSBC and...

AFTER governments across Europe either took over debt-laden banks, or the debts of the banks, in 2008 they demanded ‘austerity measures’ to repay the...

A REVOLUTIONARY situation exists in Europe today as a result of the world capitalist crisis. Social Democratic/Labour and Stalinist reformists, and revisionists, may scoff at...

THAT the Health and Social Care Act is all about privatising the NHS and handing it over to the private sector via the new...

BUS workers are to increase their Olympic Games payment claim against the bus privateers and Transport for London (TfL), Unite declared yesterday. London buses will...

THE GOVERNOR of the Bank of England, King, spoke to the gathered ranks of big business on Thursday evening at his Mansion House feast,...

OXFAM warned yesterday that the ‘UK could return to inequality levels not seen since Victorian times’. Government rhetoric about ‘making work pay’ – used to...

US Federal Reserve chairman Ben Bernanke said yesterday that he is ‘ready to act’ on the US economy, hinting that the US is about...

The National Union of Public and General Employees (NUPGE) joined thousands of Canadians opposing the Conservative budget in a mass online protest on Monday. NUPGE...

UK bosses yesterday warned that the deepening UK slump will see unemployment soar further to 2.9 million next year. The manufacturing sector turned in its...

OVER five hundred lecturers, students, local residents and supporters marched through the streets of Hackney last Saturday to defend Hackney Community college from a...

Ballot papers are going out to Essex fire crews this week in a strike vote over unnecessary frontline cuts and changes imposed without agreement. The...

THE EUROZONE crisis was finally, officially recognised as the time bomb that will bring down the entire capitalist banking system at last weekend’s meeting...

Dozens of activists launched a hunger strike on Sunday at the Egyptian Press Syndicate’s headquarters in Cairo to protest against military rule and the...

A survey of almost 3,000 London transport passengers conducted by independent researchers for Unite, has revealed that almost nine out of ten back bus...

TEACHERS unions have condemned the onslaught on children with Special Educational Needs (SEN), launched by the coalition government yesterday. Legislation to slash the rights and...

Essex fire crews have given formal legal notice of a strike ballot in a dispute over frontline cuts and changes forced through without proper...

CHANCELLOR Osborne yesterday said he will take the Tories’ local elections disaster ‘on the chin’, as his own MPs were calling for his and...

Half a million workers will be taking strike action on May 10th, PCS general secretary Mark Serwotka told the mass rally at the end...

THE working class pushing forward against the EU’s austerity programmes has thrust the Eurozone into crisis, and created the conditions for the collapse of...

THE Tory LibDem coalition, despite all its problems and weaknesses, waged a war to bring its Health and Social Care privatising bill into law. They...

INFLATION may stay above 3% during the rest of this year, according to Paul Tucker, a deputy governor of the Bank of England. He...

THE Institute for Public Policy Research (IPPR) confirmed what people already know, when it predicted yesterday that unemployment is set to rise, this...

The annual conferences of the two largest teaching unions, the NUT and the NASUWT, meeting at the weekend heard that the unions and the...

Teachers have been ‘angered, alienated and attacked’ by coalition ministers who are determined to engage in a ‘head-on collision’ with the profession, delegates to...

THE Spanish government is to cut 27bn euros (£22.5bn) from its budget this year. Among the measures are the freezing of public sector...

School teachers, further education college and post-92 university lecturers in London are taking part in a one-day strike and demonstration today as the next...

The complete privatisation of public services has taken a massive step forward with the announcement that a further education college in Luton is to...

GEORGE Osborne’s ‘rich man’s’ budget has failed to address the fundamental economic problems blighting Britain, said the Unite trade union. Unite hit out at...

WEDNESDAY’S budget left no room for doubt about who the coalition government intends should pay to bail out the bankrupt British economy – pensioners,...

UNISON members at Rochdale Council have voted overwhelmingly for industrial action in defence of their terms and conditions of employment. The ballot was held after...

CHANCELLOR Osborne’s class war budget yesterday introduced massive tax cuts for the rich and launched huge new attacks on the working class, the old,...

OSBORNE began his budget address yesterday by admitting the calamitous state of British capitalism saying that recovery would be ‘challenging’ since ‘we’ve had the...

THE GMB is ‘dismayed’ by the court decision to uphold the government’s switch to CPI indexation from the RPI, cutting public sector pensions by...

The Organising Committee of The Key of Return: from Palestine to Berlin and the Aida Youth Centre invited all to join in the ceremony...

PERU has cancelled a visit by a Royal Navy frigate, HMS Montrose, that had been due this week. Peruvian Foreign Minister Rafael Roncagliolo said: ‘This...

The leadership of the postal workers union (CWU) delivered a treacherous blow to their members when they hailed the announcement that the government is...

GOVERNMENT plans to ‘asset-strip’ the £28 billion Royal Mail pension scheme and plough the money into cutting the budget deficit were yesterday condemned by...

UNIONS have reacted angrily to plans to scrap national pay rates for public sector workers. Chancellor George Osborne is expected to say civil...

UNEMPLOYMENT in the UK rose by 28,000 in the last three months, to 2.67 million. Youth joblessness soared by another 16,000, with the...

Care homes are increasingly struggling to provide high quality care for residents with complex medical conditions, amid a backdrop of a severe lack of...

European finance ministers met in Brussels yesterday to rubber-stamp the deal agreed at the last minute last Thursday to bail-out the bankrupt Greek economy...

The Unite union has called for the rejection of the government’s final public sector pensions package. ‘The government is steamrolling through its final offer on...

OVER 2,000 consultants, GPs, medical students and their supporters marched from the British Medical Association head office, Tavistock Square to Wednesday evening’s TUC rally...

Thousands of health workers, patients, trade unionists and young people will be joining the mass protests to ‘Save Our NHS’ outside Parliament today. ‘Make...