Tag: unemployment
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...
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...
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...
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...
French trade union federations are deciding on their next major mobilisation!
THE FRENCH trade union federations were meeting on Thursday to decide their next mobilisations after MPs in the National Assemby on June 8 failed...
Capitalism has reached the end of the road – it’s...
THE economic and political crisis gripping capitalism is causing despair and despondency amongst the bourgeoisie and its media representatives at the highest levels. This week,...
Tories tearing themselves apart – time for a general strike to...
THE political crisis tearing the Tory government apart has assumed epic proportions over the release of Boris Johnson’s WhatsApp messages and private notebooks to...
Biden contemplates unilateral action against the US debt mountain and organising...
PRESIDENT Biden on Sunday, speaking in Hiroshima, the scene of a US-UK atom bombing, was forced to address the US banking crisis and whether...
June 6–fourteenth national pension strike in France – as German food...
TUESDAY June 6 is scheduled, at the call of the national inter-union, which will be the fourteenth day of national strike in France against...
2.3m workers and youth marched all over France on May Day
FRENCH union federation Force Ouvriere congratulated workers for their May Day action. It said: ‘2.3 million young people, employees and retirees marched all over France,...
US debt crisis will crash Wall Street and plunge the US...
THE US economy, the largest and most powerful capitalist economy in the world, is in the grip of a crisis that will plunge America...
Bank crisis spreads while US government faces running out of money...
THE BANKING crash has continued, with First Republic being the third US bank to collapse within three months. First Republic was taken over by the...
Deal Macron’s pension plans a massive blow this May Day! –...
FRENCH trade union federation the CGT is calling ‘on the entire world of work to make May Day a powerful day of demonstration to...
NUMSA to march on President Ramaphosa’s office
THE National Union of Metalworkers of South Africa (NUMSA) will march on Wednesday, April 19th to President Cyril Ramaphosa’s office to protest against security...
World bankers are in charge as the IMF justifies turning the...
THE INTERNATIONAL Monetary Fund (IMF) made a wildly optimistic prediction yesterday that soaring UK inflation would become nothing more than a historical blip in...
Airports across France cancel flights as strike wave continues!
Many flights operating out of French airports like Paris-Orly, Toulouse, Nantes were cancelled over the weekend due to ongoing strike action by air traffic...
FRANCE: Biggest rallies in living memory
FRANCE’S small and mid-size towns have been at the forefront of the battle against President Emmanuel Macron’s contentious pension reform – in some places...
‘The West is trying to bring down the Russian financial system’...
THE WEST tried to hit Russian citizens themselves with sanctions, Russian Prime Minister Mikhail Mishustin said on Thursday in his annual government report to...
Credit Suisse sold at knockdown price in last ditch attempt to...
THE CAPITALIST world banking system hurtled even deeper into a massive crash this weekend when the central banks of Europe, UK and US forced...
Banking crash spreads like wildfire through capitalist financial world
LAST Friday, the US Silicon Valley Bank (SVB) was forced to close down and had its assets seized by the US Federal Reserve following...
Greece Erupts As 200,000 Workers March In Athens!
THE VOLCANO of people’s rage which was building up its fury over the last few months, erupted in Greece on Wednesday in an unprecedented...