Tag: unemployment
Bank of England boss says outlook for British capitalism ‘worst I’ve...
ON Monday, the House of Lords Economic Affairs Committee issued a report blaming the Bank of England (BoE) for ‘errors’ that had failed to...
Gaza residents shocked by massive price rises!
GAZA residents have been shocked and angered over a steep rise in prices. As the sounds of war quietened with the advent of the first...
The TUC must answer Hunt’s declaration of a vicious war on...
TORY Chancellor Jeremy Hunt’s Autumn Statement has been derided for its claims to represent a way out of the economic crisis strangling British capitalism,...
Hunt turns his fire on the sick the disabled and the...
TORY Chancellor Hunt turned his fire on the sick, the disabled, the mentally ill and the unemployed in his vicious, vindictive anti-working class Autumn...
New right-wing party to replace Tories being organised as spectre of...
AS THE Tory Party continues to disintegrate by the hour, demands from the ruling class for a new right-wing party to emerge from the...
French workers demand a Gaza ceasefire!
WORKERS and youth throughout France are demonstrating today for a ceasefire in Gaza, following a call by the CGT trade union federation. A union statement...
BofE keeps interest rates at record level and promises further rises!
AS WIDELY predicted, the Bank of England Monetary Policy Committee (MPC) yesterday voted to hold the UK key base interest rate at 5.25% while...
South African workers march to defend healthcare benefits
National Union of Metalworkers of South Africa (NUMSA) members marched to the offices of Private Security Industry Regulatory Authority (PSIRA) in Bloemfontein on Monday,...
Tories crushed in by-elections – TUC must take action now to...
THE TORIES have been smashed by two huge by-election defeats, in a couple of their ‘safe’ seats, Mid Bedfordshire and Tamworth, where their large...
220 marches across France against government austerity
AT THE CALL of the trade unions, more than 220 demonstrations were organised across France on Friday, October 13, to say no to austerity...
‘What is needed now is to grow the economy–pickpocketing the public...
‘WHAT is needed now is to grow the economy. That is the only sober and sustainable path to pay down our worrying debt trajectory....
Inflation here to stay and global banking system faces collapse
THE International Monetary Fund (IMF) yesterday produced its latest report on the state of the world capitalist financial system, in which it warned that...
Over 5,000 on London Palestine demonstration – mass march called for...
A MASS demonstration of more than 5,000 workers, students and youth continued throughout the evening from 6.00pm and into the night outside the Israeli...
The Treasury and the Banks are in a panic over the...
UK Treasury officials are locked in talks with the Bank of England after Metro Bank’s shares plunged by more than 31%. The bank is now...
Sunak scraps HS2 project and praises the Ukraine!
GIVING the closing speech at the Tory party conference in Manchester yesterday, Prime Minister Rishi Sunak was introduced by his billionairess wife, Akshata Murthy. Speaking...
PM Sunak Ditches HS2 And Launches Savage Cuts To Smash The...
THE GMB trade union yesterday slammed the scrapping of the HS2 Northern route, the biggest cut in the rail network since the days of...
Pro-Palestine activities in US & UK campuses facing restrictions!
CONCERNS are rising over restrictions to free speech, academic inquiry, and student activism related to Palestine at universities across the UK. This trend has been...
Bank of England split over interest rates revealing chaos and demoralisation...
THE Bank of England Monetary Policy Committee (MPC) yesterday made the surprise decision to hold UK interest rates at 5.25% instead of the widely...
Bank of England votes 5-4 to keep interest rates at 5.25%
UK interest rates have been left unchanged after the Bank of England said price rises were slowing faster than expected. Interest rates were held at...
National Public Sector Strike Called In Greece
The Federation of Greek Public Sector Trade Unions (ADEDY), the Athens and Piraeus Trades Councils and dozens of trade unions have called a 24-hour...
Answer Tories’ ‘war to finish’ on trade unions by demanding the...
YESTERDAY, NHS consultants began a 48-hour strike that has propelled a head-on confrontation between doctors and their union, the BMA, and a Tory government...
Bosses see mass unemployment as the whip to discipline working class!
A MULTI-MILLIONAIRE Australian property tycoon, Tim Gurner, speaking at a property summit on Tuesday, spoke out clearly revealing the contempt these mega rich bosses...
The G20 Summit in Delhi ‘A Tale of Two Indias’
IN Delhi, India’s capital, the G20 summit has captured significant global attention. This event brought together world leaders to discuss international economic strategies, presenting...
Consultants, Junior Doctors and rail workers are in struggle. TUC must...
THE Junior Doctors and Consultants in England, faced with a ruling class that is determined to destroy the NHS, have joined forces and will...
Latest inflation figures spur Tories and Bank of England to ramp...
INFLATION figures yesterday, that recorded a drop in the inflation rate to 6.8% in July, have been greeted by the Tories and the Bank...
Germany crashes into recession – socialist revolution the only answer to...
THE GERMAN economic recession has deepened, with the number of corporate insolvencies in the country sharply increasing in July. Almost a quarter more companies filed...
SA cops use water cannon and teargas against striking diamond miners!...
HUNDREDS of National Union of Metalworkers of South Africa (NUMSA) members began a strike at the Ekapa diamond mines on August 7th; then on...
Defend the right to strike by forcing the TUC to call...
LAST week, the Tories’ strike-breaking agency worker regulations were thrown out after the High Court ruled they were unlawful. This judgement quashed an appeal by...
Revolution is the only way out of capitalist debt crisis
THE COLLAPSE of the popular discount high street retailer Wilko, with 12,500 of its workers facing being thrown out of a job, has thrown...
Bank of England chief economist Huw Pill – sky high...
DURING a public on-line question and answer session on Monday, the Bank of England’s chief economist Huw Pill warned that higher food prices ‘may...
BoE raises bank rate to 5.25% – predicts ‘shocks and disturbances...
THE Bank of England’s Monetary Policy Committee (MPC), at its meeting ending on 2nd August 2023, voted by a majority of 6-3 to increase...
TUC warns interest rate increases driving unemployment but has no answer...
YESTERDAY the Bank of England hiked interest rates up to 5.25%, the 14th time in a row that rates have been increased as the...
Bank of England appoint Bernanke, the architect of QE, to rescue...
At the weekend, bosses at the Bank of England announced that they had drafted in the ex-chairman of the US Federal Reserve Bank (Fed),...
US Raises Interest Rates To The Highest Level In 22 Years...
THE US central bank has raised interest rates to the highest level in 22 years, as it fights to stabilise prices in the world’s...
‘We will continue to fight Macron by all means’ – Force...
FRENCH trade unions are continuing their fight against the Macron government’s increase in the retirement age from 62 to 64 which was forced through...
Sunak wants to abolish university degrees that don’t churn out ‘high...
YESTERDAY, Tory prime minister Rishi Sunak announced the latest attack on higher education with proposals to ‘limit the access’ to university degrees in England...
All The Trade Unions Must Come Out With The Junior Doctors!
PM Sunak has said he is yet to make a ‘final decision’ on whether to accept the recommended pay rises for public sector workers. Official...
Hunt and Bailey will ‘do whatever is necessary’ to save bankrupt...
ON MONDAY night, 400 leading figures from the world of high finance and corporate business gathered at the Mansion House in London to hear...
Unite leaders drop any criticism of Starmer – now is time...
THE RULES conference of Unite, the largest union donor to the Labour Party, yesterday voted to reject a motion calling to disaffiliate from the...
The markets panic and crash as capitalism heads for a major...
THE stock markets are crashing as the Tory government’s borrowing costs went soaring yesterday to a 15-year high, amid a global shares sell off...
Capitalism has failed – time to end it with socialist revolution
THE DEEP political and economic crisis engulfing British capitalism and the ruling class was forcibly expressed when yesterday’s Daily Telegraph published a comment article...
COSATU calls public sector general strike in SA
THE Congress of South African Trade Unions (COSATU) is to make Thursday a public sector general strike against the ANC government to press demands...
France erupts as youth rise up against capitalist state brutality!
FRENCH president Emmanuel Macron was forced to convene a government emergency crisis meeting on Wednesday morning following two nights of protests and rioting across...
Britain an economic ‘basket case’ – time to end capitalist crisis...
Yesterday, Roger Bootle, a senior advisor to Capital Economics, wrote in the Daily Telegraph an article headlined ‘Basket case Britain is back – and...
Bank of England pushes up interest rates again as it pushes...
THE Bank of England yesterday increased the interest rate for the 13th time in a row from 4.5% to 5%, heaping economic catastrophe on...