Tag: housing

FACED with loud and strident demands to slash its lending rate, to try and avoid a housing crash and a depression by crashing the...

THIS is the period of world revolution. That was the message delivered to the News Line Anniversary Rally attended by 200 youth and workers in...

THE chief of the Federal Reserve Bank, Bernanke, has hinted heavily that the developing slow down of the US economy will be met with...

‘THESE figures are nothing short of a national scandal.  It’s obscene that in this day and age more than 25,000 people aged 65 and...

UP TO 3,000 workers and youth marched behind the banner of the North East London Council of Action through Enfield on Saturday, demanding that...

HUGE petrol and food price increases have pushed up the UK cost of living, cutting workers’ wages and living standards. The Office of National Statistics...

‘We will return to Diego Garcia – it’s our right!’ – Chagos Islanders shouted outside Downing Street on Saturday. They put up the banner of...

THE Queen’s Speech yesterday outlined yet more attacks in the coming parliament on workers and youth in Britain by the Brown government, alongside a...

THE overstretched and undervalued NHS workforce will not accept another below-inflation pay deal next year, trade unions representing over one million health workers have...

THE latest Bank of England figures show that the number of new mortgages being given to house buyers has fallen by 20 per cent...

On Saturday at least 150,000 people from all walks of life and in every part of the USA participated in eleven regional demonstrations against...

Responding to the latest Push survey of students’ cost of living, Wes Streeting, NUS Vice President (Education), said on Thursday: ‘This survey shows how...

THE US dollar is reeling against the euro. The US sub-mortgage crisis is deepening, with housing starts down by 10 per cent in September, while...

DESPITE having seen Northern Rock share prices crash by 60 per cent, queues of depositors outside branches taking out £2bn of their savings and...

THE US banks are now having to declare their indebtedness. Citigroup has lost $6 billion in a third quarter of this year write down, as...

In a nationalistic speech to the Labour Party Conference yesterday, prime minister Brown made sweeping promises to improve public services. Hardly mentioning the world capitalist...

THE leaders of big trade unions lined up behind Prime Minister Gordon Brown at the Labour Party Conference in Bournemouth on Sunday to ensure...

THE two wings of the bourgeoisie are now going at it hammer and tongs to both exploit and abuse workers from the new EU...

YESTERDAY was an historic day, with Prime Minister Brown pledging to bail out the banks. At the TUC Congress, Labour Party leader Brown told...

QUEUES of worried and angry savers continued outside Northern Rock banks yesterday. At the Harrow branch many queuers told News Line that they did not...

GORDON Brown gave his first speech as prime minister to the TUC Congress in Brighton yesterday. He told delegates: ‘All of us must prepare for...

‘WE are now about to move to ballot 270,000 members for industrial action, unless the government withdraws its threat of compulsory redundancies.’ This is what...

TUC General Secretary Brendan Barber yesterday opposed a boycott of Israel and did not answer a question about why there were no motions to...

The exposure of the UK to the US sub-prime loans crisis will push up mortgage rates in the UK, a former Bank of England...

The puppet Iraqi police force is infiltrated by sectarian militias and should be disbanded and reorganised, a panel of retired US generals led by...

SINCE Labour took office in 1997, house prices have gone up four times more quickly than workers’ pay, according to figures published by the...

IN A WEEK when billions were wiped off share prices in New York, Tokyo and London, on Friday both United States President George Bush...

‘In the two years since Hurricane Katrina came ashore on the Gulf Coast, the Bush administration has failed miserably to deliver on the president’s...

‘GIVE us toilets on our stands, don’t just sit there on your hands!’ shouted over 300 bus workers outside Victoria Coach Station yesterday morning. TGWU...

The top American commander in Iraq, General David Petraeus has said he is preparing recommendations on troop reductions before he returns to Washington next...

‘One day after George W Bush asserted that the ‘fundamentals’ of the US economy are strong, the Dow Jones stock index plummeted by 387,...

The TUC preliminary agenda covers the mounting concerns of workers over jobs, wages and conditions, public services and basic rights. The agenda opens...

ON the eve of the Bank of England’s monthly Monetary Policy Committee meeting over the Bank’s interest rate, the British Chambers of Commerce has...

THE floods crisis in central and western England continued yesterday with tens of thousands of homes stranded without water and electricity supplies. Up to...

WE all saw the Katrina disaster, and what it did to New Orleans, destroying whole areas of the city and making them uninhabitable to...

ALL talk of a Brown ‘electoral bounce’ is sheer drivel or plain self deception after Labour got the votes of just 45 per cent...

The gap between the rich and poor has widened in recent years and is greater than at any time in the past 40 years,...

AT the same time as leading members of the Bush administration are seeking to shut down the Guantanamo Bay concentration camp after experiencing...

HUNDREDS of people took part in Tuesday’s picket by North East London Council of Action against the closure of Chase Farm Hospital A&E and...

THE US dollar, reflecting the crisis of the US capitalist economy, is now sinking fast against both the euro and the pound sterling. Rising...

Last Thursday’s pay rise for minimum award wage workers, the lowest in ten years, is below the rate of inflation and means the living...

IT was Harold Macmillan back in the days of ‘You have never had it so good’ in the late 1950s and early 1960s who...

THE TGWU conference yesterday passed Composite Motion 29 with just one delegate voting against it. This called ‘for the immediate withdrawal of UK troops from...

WORKERS who headed to New Orleans in 2005 to help rebuild the Hurricane Katrina-devastated city were abused and exploited, according to a report by Interfaith Worker...

DELEGATES at the UNISON National Delegate Conference in Brighton on Thursday forced a debate on Friday on coordinated action over soon-to-be prime minister Brown’s...