Tag: unemployment

THE Benefits Cap came into force nationally yesterday, setting poor families and the unemployed as its main target, capping the total amount of benefits...

PORTUGAL’S borrowing costs have jumped to over 7%, meaning that it will shortly have to seek another IMF-EU bailout, by offering even more cuts...

THE pound fell below $1.49 against the dollar on Friday, close to a three-year low. Sterling traded as low as $1.4858 at one point. The...

YESTERDAY the new head of the Bank of England, Mark Carney, officially took up the reins from the outgoing Sir Mervyn King. Carney, formerly head...

ON June 11, the Greek coalition government took the unprecedented decision to close the national TV station in Athens and sack the workforce of...

CHANCELLOR Osborne’s vicious £11.5 billion Spending Review attacks on pay, public services and benefits, were immediately condemned by trade union and TUC leaders representing...

THE Labour shadow chancellor, Ed Balls, engaged in a nauseating charade on Wednesday of verbally attacking his Tory opposite number whilst at the same...

MlLIBAND, Balls and co are like circus performers on the highest of high wires, being buffeted by a huge economic gale that is pauperising...

IT REALLY doesn’t take very much to send the international capitalist money markets into a state of panic, as the US Federal Reserve chairman,...

THE leaders of the eleven TV, Radio and newspaper media trade unions issued a ‘Victory at ERT’ (Greek State TV and Radio network) statement...

TENS of thousands of Greek workers and youth are congregating every day and every night at the occupied ERT (State TV and Radio) building...

LONMIN Plc (LMI) is waiting to be served with a strike notice by the Association of Mineworkers and Construction Union (AMCU) if the...

OVER a million Greeks stopped work yesterday in a general strike while tens of thousands of Greek workers, unemployed and youth rallied in front...

TENS of thousands of Greek workers, youth and unemployed took part in a general strike rally yesterday in front of the occupied ERT (Greek...

THE petty 5,000 fall in the number of the unemployed (that is the number of workless who are calculated to be looking for...

IN A savage attack on workers, youth and disabled people, Labour party leader Ed Miliband yesterday indicated that if Labour wins the next election...

THE German Finance Minister Wolfgang Schaeuble warned a Paris conference of French, German and Italian leaders on Tuesday that youth unemployment of almost 25%...

Europe’s economic crisis ‘could evolve into stagnation, with negative implications for the global economy’, the OECD warned yesterday. The 34-nation Paris-based Organisation for Economic Co-operation...

APART from the bankers and speculators, there is another group looking to make huge profits at the expense of the human misery being created...

THE Unite trade union has condemned RBS for ‘brutal and irresponsible’ behaviour by announcing 1,400 job cuts just one day after figures were released...

THOUSANDS of mine workers have downed tools at South Africa’s Marikana Lonmin mine after an AMCU union leader, Mawethu Steven, was shot dead at...

A GRANDMOTHER, who because of the Bedroom Tax, had to pay an extra £20 a week, has thrown herself in front of a...

THE Greek Statistics Authority (ELSTAT) has announced that unemployment reached 27% last February, while youth unemployment (15-24 years old) reached 64.2%, from 54.1% in...

VICIOUS attacks on workers, especially immigrant workers, were at the centre of the Tory-LibDem Coalition’s Queen’s Speech delivered at the State...

A bitter labour dispute on Northwest docks escalated on Saturday as Columbia Grain Inc. locked out Portland longshore workers, accusing them of obstructing exports...

THE world capitalist crisis is turning the UK into a country composed of a relative handful of the very, very rich, a middle and...

The crisis of European capitalism is so severe that it has driven the bourgeoisie to tear at each other’s throats in a frenzy of...

UP TO 10,000 workers trade unionists, students and youth were on the London May Day march from Clerkenwell Green to Trafalgar Square on Wednesday. There...

THE News Line Editorial Board sends its revolutionary greetings on this 2013 May Day to the workers and the oppressed nations fighting imperialism throughout...

A lockout or strike is set to occur June 15 at ExxonMobil’s Baytown, Texas, refinery, chemical plant and laboratory if company management continues...

YESTERDAY the Tory-led coalition launched its ‘pathfinder’ trial of the new Universal Credit System at a job centre in Ashton-under-Lyne, Manchester. From here the government...

OVER 200 Young Socialists and trade unionists lobbied the General Council of the TUC on Wednesday morning as it assembled to discuss the calling...

TODAY’S meeting of the TUC general council must get off the fence and call for an immediate all-out, indefinite general strike to bring down...

LAST Friday, Fitch ratings agency became the second of the world’s three big credit agencies to strip Britain of its top notch triple-A credit...

YOUTH unemployment has risen by another 20,000 to very nearly one million, according to figures issued by the Office for National Statistics yesterday. The number...

WORKERS in England’s Northern region are up to £4,264 worse off per year since the Tory-led coalition came to power. The Northern TUC 10-Point Plan...

The Federation of Greek Seafarers Trades Union PNO have called a 24-hour strike for 16 April on all ferries, passenger and cargo ships, against...

LEADER of the Coalition of the Radical Left (SYRIZA) Alexis Tsipras has warned that the Troika ‘maybe wants to abolish democracy’. Speaking at a railway...

TORY leader Cameron has backed Chancellor George Osborne after he suggested a link between the Mick Philpott case and the Welfare State. The prime...

WHERE crime ends and business starts and vice versa has always been seen as a blurred grey area which always remains, whatever the scandals...

THE International Monetary Fund has delivered a brutal assessment of Ireland’s economic situation, complaining of a lack of progress by banks, and dangers of...

THE demand for a general strike to bring down the government has been driven by the working class onto the immediate agenda of the...

‘IN a country like ours, how can it be that one in five children lives in poverty? How can it be that one in three...

HUNDREDS of US cities are going bust, either destroyed by the banking and property collapse or by the crisis of the major US industries. The...

Thousands of Bank of Cyprus employees remained in occupation of the bank’s Nicosia headquarters in defence of their jobs yesterday, after hearing that the...