Tag: budget
The Tory Party is blowing apart! TUC must call a general...
Liz Truss was only installed as Prime Minister little more than 4 weeks ago but yesterday a senior Tory minister, Foreign Secretary James Cleverly,...
Tories Moving To Dump Truss!
YESTERDAY, PM Truss was fighting for her political life against a Tory faction that is determined to ditch her as soon as possible, if...
Bank Of England Dumps The Pound To Make The Working Class...
THE Bank of England on Tuesday insisted that it was dumping the pound and would proceed with its decision to stop supporting the bond...
US unions sit-in, strike and recruit!
Amazon workers at JFK8, the company’s Staten Island warehouse that voted to unionise earlier this year, held a sit-in, strike on Monday after a...
‘NO MORE GOVERNMENT BOND BUYING’ BY BoE!
BANK of England (BoE) Governor Andrew Bailey announced yesterday morning that there will be no more government bond-buying by the Bank after tomorrow, regardless...
UK economy speeds into bankruptcy – demand TUC call a general...
THE SPEED of the UK economy crashing into complete bankruptcy is breathtaking, as it leaves the Tory government along with the Bank of England...
Tory Crisis Deepens As Parliament Returns
LIZ TRUSS returns to Parliament for the first time as Prime Minister today, amidst a bubbling rebellion of MPs and economists who are aghast...
TUC remains silent on Truss’s class war preparations – Join the...
TORY prime minister Liz Truss didn’t waste time. She fled the country immediately after the meltdown of her government at the Tory Party conference. Yesterday...
Truss makes it clear that ‘trade unions’ are the main enemy...
TORY prime minster Liz Truss closed the Tory Party conference yesterday with a speech designed to convince the party faithful that, despite performing a...
Tory Party in meltdown – force TUC to call a general...
TO DESCRIBE the forced decision by Tory Chancellor Kwasi Kwarteng to abandon his plans to end the 45% top rate of income tax to...
Kwarteng declares war on the working class – after humiliating turnaround
FOLLOWING his humiliating U-Turn in the small hours of yesterday morning, when Chancellor Kwazi Kwarteng’s announced the abolition of the 45p rate of tax...
Truss government is in a huge crisis. Make the TUC call...
THE Tory Party is now in Conference and in the biggest crisis in its history, after its ‘mini budget’ caned the poor and the...
Truss to proceed with Budget & Benefit cuts for the poor!
AS THE Tory Party Conference began in Birmingham yesterday PM Truss boasted that she means to proceed from last week’s huge tax cuts for...
Truss insists no retreat as she prepares to split Tories and...
TORY Prime Minister Liz Truss finally emerged from Downing Street yesterday to make her first public statement on the economic crisis that has brought...
Starmer Refuses To Rule Out Public Sector Cuts!
LABOUR leader Sir Keir Starmer has called for Parliament to be recalled so MPs can abandon last week’s mini-budget ‘before any more damage is...
TUC must be made to call a general strike to put...
THE International Monetary Fund has openly condemned the UK government over its tax cuts that handed billions to the rich, warning that the measures...
South African trade union members bar ANC chairman Gwede Mantashe from...
African Trade Unions (Cosatu) members barred ANC Chairman Gwede Mantashe from speaking at their 14th national congress on Monday. ‘Hamba Gwede’ (Go Gwede) and ‘asinamali’...
BANK OF ENGLAND BUYS GOVERNMENT BONDS! – to try to restore...
THE Bank of England (BoE) launched a huge intervention in government bond markets yesterday, as the UK financial crisis spiralled out of control following...
‘We can’t go on like this – government has lost control!’...
Sir Keir Starmer opened his keynote speech at the Labour Party Conference in Liverpool yesterday by condemning the Truss Tory government’s mini-budget last week,...
Pound crashes against every currency in the world – time to...
THE pound crashed to its lowest level ever against the dollar yesterday morning threatening that it will soon reach parity with the US currency. Sterling...
‘Tories out of control!’ says Labour as pound crashes
‘THEY'VE lost credibility, they’re losing confidence, they’re out of control,’ Shadow Chancellor Rachel Reeves told the Labour Party Conference in Liverpool as the pound...
Labour Party Conference sings ‘God save the King’
THE LABOUR Party Conference in Liverpool opened yesterday with a minute’s silence, followed by leader Sir Keir Starmer leading the hall in singing God...
Crisis Ridden Capitalism Is Trying To Make The Working Class Pay...
UK CAPITALISM is in crisis. After the falls in sterling, and the rampant oil, gas and food inflation, the ruling class is desperate and...
Kwarteng’s mini budget is a major attack on the working class
CHANCELLOR Kwasi Kwarteng yesterday unveiled his mini-budget that will see the working class and the poor robbed, in order to further enrich the UK...
Truss and Kwarteng declare war on unions – TUC must respond...
CHANCELLOR Kwasi Kwarteng has unveiled the plans by the Tory government to drive part-time workers back into full employment by cutting their benefits. Under the...
With Food Banks Going Broke And The Tories Targeting The Railways...
THE TUC CONGRESS is set to meet on Tuesday October 18th, just as the Truss government is poised to take the rail trade unions...
British workers face massive crisis as capitalism lurches into the abyss...
THE wall-to-wall coverage of the death of Queen Elizabeth by the bourgeois media, and the way that the TUC has used this massive wave...
Black people in US ‘subjected to brutality and death in the...
AN African American journalist and political analyst has said that ever since the inception of the police in the United States African people have...
With the NHS ‘close to collapse’ and wages being slashed by...
WITHOUT enough staff, the NHS is increasingly close to collapse,’ the Royal College of Nursing (RCN) warned yesterday. RCN General Secretary and Chief Executive,...
Bernie Sanders addresses packed ‘Save London Transport’ rally at the TUC
BERNIE SANDERS, US Senator for Vermont, addressed a packed ‘Save London’s Transport’ rally organised by the RMT railway workers union, at London’s TUC building...
Tories Plan Huge Increase In Military Spend While The Masses Go...
PROFESSOR Malcolm Chalmers, deputy director general of the Royal United Services Institute, has authored an analysis of the plans necessary for a major war...
Bosses Declare War On Workers With An 80% Hike In Electricity...
THE UK’s energy bills are set to jump 80 per cent to an average of £3,549 per year from October, regulator Ofgem announced on...
French student unions challenge Macron over huge rises in the cost...
WITH inflation and the increase in the cost of living, the French student unions are challenging the government on the eve of the start...
UK workers are not slaves – they have the right to...
AS WORKERS well know, the coming winter is going to be a desperate affair with sky-high inflation and food and energy rationing, leaving families...
COSATU and SAFTU hold National Strike in SA
MILLIONS of South African workers and youth on Wednesday took part in a national strike called by the country’s two largest trade union federations,...
Gordon Brown wheeled out to save capitalism
Former Labour chancellor and prime minister Gordon Brown has stepped forward to offer himself up as the saviour of bankrupt British capitalism. Brown made his...
CGT calls for ‘day of mobilisation’
FRENCH trade union federation CGT has called for September 29 to be a ‘day of mobilisation and interprofessional strikes’ over unemployment. The CGT stated that...
COSATU cost-of-living protest in Gauteng
Congress of South African Trade Unions (Cosatu) members in Gauteng last Friday marched to the department of trade and industry to hand in a...
People forced into debt to pay for private treatment as Tories...
69,000 PEOPLE were forced to pay for private medical treatment in the final three months of last year, according to figures from the Private...
Inflation Out Of Control – Only Solution Is Get Rid Of...
BRITISH capitalism has plunged even deeper into debt! It was revealed yesterday that interest payments on the massive £2.4 trillion national debt have more...
While bills & rents soar US to spend $838.8bn on arms
THE devastating impact of the Coronavirus pandemic and its economic fallout continue to take a toll on the world and provide ample reason to...
SAFTU calls on workers to mobilise and unify for a general...
‘SAFTU calls on the working class to mobilise and unify towards the Working Class Summit and the General Strike in August 2022.’ SAFTU said it...
As The Crisis Deepens The Time Has Come To Organise The...
LENIN in his book Left Wing Communism an Infantile Disorder writes about the ‘fundamental law of revolution.’ He states: ‘For a revolution to take...
Johnson’s ‘Freedom Worth Fighting For’ Means UK Workers Pay For War...
A ROW has broken out over £30m from the Welsh government’s budget being put towards the £1bn the UK is sending to Ukraine to...
BRITAIN FACES A FASTER AND STEEPER DOWNTURN SAYS BofE CHAIR ANDREW...
ON WEDNESDAY, the Governor of the Bank of England, Andrew Bailey, speaking at the European Central Bank’s annual policy forum, warned that soaring inflation...