Tag: housing

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 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...

In a bid to prop up the banks and construction industry, prime minister Brown and chancellor Darling yesterday promoted a £1.6bn housing rescue package. This...

YESTERDAY’S reports on the state of the economy reveal more about the catastrophe gripping British capitalism, part of the world crisis. • The Bank of...

‘We look forward to see what the government’s economic recovery strategy is,’ a TUC spokesman told News Line yesterday. ‘Any measures that ease the pressure...

AVERAGE house prices in Britain are now 10.5 per cent lower than they were a year ago, according to figures published yesterday by Nationwide,...

Sri Lanka Army (SLA) soldiers in their sentry post along Jaffna lagoon found a male corpse with gun shot wounds washed ashore on...

THE new Deputy Governor of the Bank of England (BoE), Charles Bean said yesterday that when the so-called ‘credit crunch’ began last August central...

‘Bailiffs and Bulldozers, is the only way Lewisham Council are going to remove us’, is the motto of the Worried Tenants Group who are...

‘If there is no movement then we will have to look to further action in the near future,’ UNISON Scottish Secretary Matt Smith told...

TAMILNET reports that a fire at Poonthoaddam Refugee Camp in Vavuniyaa town last Wednesday destroyed 80 temporary sheds of internally displaced families. No...

YESTERDAY’S soaring inflation figures led trade union leaders to warn the government that members are demanding action against the wage-cutting three-year pay settlements. The Consumer...

SOUTHWARK Council denied that it had started eviction proceedings yesterday against tenants of the Heygate Estate in Elephant and Castle, south London. A ...

By Irish political journalist JOHN COULTER IRISH republicans must re-negotiate their political relationship with unionists, the president of the North’s largest nationalist party, Sinn Fein,...

LABOUR MP Bob Marshall Andrews, recently called the Labour Foreign Secretary David Miliband a ‘duplicitous traitor’, after Miliband published an article in the Guardian...

THE Northern Rock bank, recently nationalised by the government has made a £585m loss for the first six months of the year, but the...

The government is to inject another £3bn into Northern Rock, Chancellor Darling said yesterday. As the nationalised bank announced a loss of £585.4m in the...

THE HSBC bank has just declared a 28 per cent, $3.9bn fall in half year profits. It has written off another $3.7 billion...

JUST a few months ago the UNISON leadership accepted the government’s below inflation wage cutting deal over three years. Now the union has had...

A THOUSAND people – hospital staff, local residents, trade unionists and other groups from as far away as Crawley and Cambridge – joined the...

AFTER the Labour party defeat at Glasgow East, one of the safest Labour seats in the country, the Prime Minister Gordon Brown has stated...

UNISON has welcomed new research showing the value of trade unions to migrant workers. The report by social policy charity the Rowntree Foundation was launched...

Picket lines were out across the country on Wednesday morning as 800,000 UNISON and Unite council worker members began the first day of a...

THERE was a lively campaign yesterday, as local people joined in and gave out leaflets for the North East London Council of...

TODAY 800,000 local council workers, members of the UNISON and UNITE trade unions, begin a two-day strike against a government-imposed wage cut, an offer...

THE heads of the Federal Reserve and the US Treasury have been forced to try to calm fears that the nation’s two largest mortgage...

MORE than 100 people staged a mass lobby of Southwark Town Hall in south London on Wednesday night. The rain did not dampen their spirits,...

THE British Chambers of Commerce (BCC) quarterly report has just discovered a situation that every worker and every shopper has been acquainted with for...

HUNDREDS of hauliers picketed parliament in London yesterday to demonstrate against the rising cost of fuel, and the way that it is destroying their...

LAST year the Bank for International Settlements (BIS) was alone amongst banks in warning that the situation had similarities to that at the time...

‘IT is very clear that the collapse of the capitalist system has collapsed New Labour, that is the modern Labour Party’, News...

Two hundred trade unionists and youth attended the News Line & All Trades Unions Alliance (ATUA) conference in central London, yesterday. They discussed a resolution...

A BIG delegation of the 2,000 Chagossians who are living in Crawley, plus delegations from the FBU, GMB and POA trade unions will be...

JUST a week after Prime Minister Gordon Brown assured President George W Bush, that he had fallen into line with the requirements of the...

HUGE hikes in gas and electricity bills are coming this year, the energy privateers flagrantly announced yesterday. ‘Big Six’ energy bosses told MPs on the...

In this, the 60th anniversary year of the Universal Declaration of Human Rights (UDHR) on World Refugee Day, Amnesty International called on states to...

CHANCELLOR Darling said on Sunday that pay rises for people ‘from the boardroom to the shopfloor’ need to be ‘consistent’ with the 2% inflation...

UNISON’s local government members in England, Wales and Northern Ireland have voted by 55% to 45% for a programme of sustained strike action over...

BANK of England Governor Mervyn King sent a letter to Chancellor Alistair Darling yesterday because inflation has taken off. Under statutory obligations put in place...

Over 200 medical students demonstrated on the steps of University College London Hospital in central London on Monday, against the removal of free accommodation...

Over 200 medical students, with placards saying ‘No room for more student debt’ and ‘Junior doctors accommodation – going, going, gone’, demonstrated in central...

Over 2,000 Tamils demonstrated outside the Commonwealth Conference in central London on Tuesday against the attendance of Sri Lanka president Mahinda Rajapakse. Their banners carried...

By JOHN COULTER Irish political journalist THE sectarian war in Ireland is over, but the war on racism has begun. That was the pledge from Sinn...

CITIGROUP bank has warned the Bank of England’s Monetary Policy Committee (MPC) against upping interest rates when it meets this week. It noted that already...

SOUTHWARK Council faced an angry lobby by more than 80 tenants and local residents from Heygate, Aylesbury and other council estates, against the plans...