Tag: budget

THE new allegedly independent fiscal watchdog has downgraded the economic growth projections for the UK economy, and also cut its debt projection as a...

WITH more than 100 million gallons of oil already freed to spew all over the US Gulf coast, the ‘special relationship’ between the US...

CHANCELLOR Osborne oversaw the creation of a ‘Star Chamber’ yesterday, to force through the planned £60 billion a year spending cuts. Osborne told the...

HISTORICALLY, the term Star Chamber is synonymous with feudal oppression and dictatorship over the people and over parliament, specifically with the attempts of...

PRIME Minister David Cameron promised yesterday that there are ‘painful cuts ahead’ that will last for years, and that he would be carrying out...

HOSPITAL consultants yesterday asserted their determination to defend patient care and oppose NHS privatisation. At the BMA Consultants Conference motion 5,...

ON Monday May 25th, David Laws, the new Chief Secretary of the Treasury, standing next to his master Chancellor Osborne, announced that the £6.2...

SPANISH Prime Minister Jose Luis Rodriguez Zapatero’s Socialist Party government scraped through Parliament its 15bn euro (£13bn) austerity package, by 169 votes to 168,...

TORY Prime Minister David Cameron’s coalition government unveiled its plans to target the unemployed and others on benefits, depriving them of their entitlements, or...

THE OECD said yesterday that state indebtedness, and rapidly growing inflation is threatening to bring down the entire banking system. Its secretary general, Angel Gurria,...

THE INITIAL £6.25 billion spending cuts announced by the Tory-Lib Dem coalition government on Monday, that will lead to thousands of sackings and closures...

THE International Monetary Fund (IMF) has raised its concerns about Spain’s economy, saying ‘far-reaching’ reforms are needed to ensure its recovery. It said the country...

TORY CHANCELLOR Osborne provided an outline of his £6.2bn of spending cuts for 2010-11 yesterday, with Lib Dem Chief Secretary to the Treasury Laws...

Chancellor Osborne yesterday announced the first £6.2bn of savage cuts planned by the Tory coalition. At a press conference, Osborne confined himself to generalities, then...

THE leaking of the Queen’s budget speech is unprecedented, and is an expression of the depth of the split and the cynicism in the...

Civil servants union, the PCS, is gearing up for action to fight over 300,000 public sector job cuts, planned by the Tories. PCS NEC...

Public sector trade union Unison, yesterday condemned the bosses’ organisation, the CBI, for calling for a two year public sector pay freeze. Unison...

COMMENTING on yesterday’s decision in the High Court banning the BA cabin crew strikes, TUC General Secretary Brendan Barber said: ‘This is a desperately...

RPI INFLATION soared by 5.3 per cent last month, indicating that a huge cut in workers’ wages and a major hike in the cost...

YESTERDAY the RMT rail workers trade union warned that an all-out assault on workers’ rights was taking place as BA used the Network Rail...

Birkenhead MP Frank Field yesterday became the first Labour right winger to defect to the Tory-led coalition with the Liberal Democrats. Field, who is an...

The draft coalition agreement reached by the Tories and the Liberal Democrats published on Wednesday makes clear their number one priority is to make...

THE new Tory Secretary of State for Health Lansley was appointed on Wednesday and has immediately put on record that he will...

Bank of England governor Mervyn King yesterday warned that the next few years are ‘going to be painful’ and that ‘markets would expect a...

The unemployment rate for the three months to March 2010 was 8.0 per cent, up 0.2 per cent on the quarter, the Office for...

OPEN letter to Middlesex staff, faculty, and students, 7th may 2010. ‘Dear Middlesex University staff, faculty, and students, We are writing to clarify our intentions...

Euro-zone leaders have taken the desperate measure of risking all on one throw of the dice, after advancing an almost $1 trillion package...

AS 100,000 workers marched through Athens on May Day, and tens of thousands marched through large numbers of Greek towns and villages, it...

Thousands of lecturers, supported by tens of thousands of students, were yesterday taking strike action against Labour government cuts and sackings at 11 colleges...

IN a press conference on Sunday afternoon, May 2nd the Greek Finance Minister Yiorghos Papakonstantinou announced yet another set of austerity measures verified later...

Prime Minister George Papandreou said yesterday that Greece has agreed the terms of a financial rescue deal with the European Union and IMF. This will...

THE WRP held a 150 strong rally at the end of the London Sertuc (TUC) May Day march from Clarkenwell Green to Trafalgar...

A LIVELY North East London Council of Action monthly picket of Chase Farm Hospital won big support yesterday for its determination to keep the...

A LIVELY North East London Council of Action monthly picket of Chase Farm Hospital won big support yesterday for its determination to keep...

THE crisis of the European Union sharpened yesterday when the German Finance Minister warned the Greek bourgeoisie that it would not get access to...

THE UK capitalist economy is staggering along the bottom with a three month ‘growth’ to show, from January to March, of 0.2 per cent. The...

ACCORDING to Eurostat, the EU’s statistics office, Greece has a much bigger budget deficit than that reported by the Greek government last year....

A STRIKE by all three teacher unions, the ATL, NASUWT and NUT, took place yesterday at Crest Boys’ Academy in Neasden and the school...

YESTERDAY BALPA, the pilots’ union, sounded the alarm at the crisis of the major airlines. This has been immeasurably sharpened by the eruption and continuing...

GORDON Brown was putting on a show of humbleness last night when he admitted on TV that he was not perfect but had made...

THEY say that patriotism is the last refuge of a scoundrel, and Gordon Brown proved the point yesterday when he began his forward to...

‘NHS NOT FOR SALE – Keep Our NHS Public!’ declared the banner which led the Defend the Welfare State march on Saturday, alongside that...

THERE were renewed calls yesterday by Barack Obama, Gordon Brown and other political leaders of major capitalist countries for international cooperation to tackle the...

THE Budget, presented by Chancellor Alistair Darling last Wednesday, was clearly part of Brown’s re-election campaign. In three months time, after the general election,...

Up to a quarter of a million civil servants were out on strike on Wednesday, expressing their anger at the threat to thousands of...