Tag: unemployment

US capitalism really has got its back to the wall, and has somewhat lost its balance, when its Treasury Secretary, Geithner, says that he...

THE Irish Congress of Trade Unions (ICTU) has ‘deferred’ the strike action it has called for March 30 following a government offer of...

PM Brown has reacted to the Bank of England chief’s public admonition that the next Budget must not plunge the UK into another flood...

With the March 30 general strike fast approaching Irish Prime Minister Cowen has invited the Irish Congress of Trade Unions (ICTU) to attend talks....

WORKERS in Britain are now feeling the ‘benefits’ of the British government’s policy of printing money to rescue the banks while allowing the pound...

UK unemployment has risen above two million for the first time since Labour came to office, official figures revealed yesterday. During the three months to...

THE Chinese Stalinists are now paying an enormous price for linking their fate with that of US capitalism. First of all they declared parts of...

THE UNITE trade union leaders yesterday were in full flight praising Toyota workers for taking their advice and assisting the bosses by accepting a...

government proposals to cut teacher training to just six months were condemned by unions yesterday as consigning the ‘vision of a world class education...

EVERYWHERE capitalism is crashing! Yesterday the FTSE 100 index fell to 3472.68 points making a 50 per cent crash from the FTSE’s...

TOP British medical journal The Lancet, the has published a series of detailed research reports on the health status of 3.8 million...

TODAY the working class is fighting against a crisis-ridden capitalist system whose banks and industries have collapsed, and whose political leaders, such as the...

Civil servants union PCS has organised a lobby of Parliament today, 3rd March, where it will be joined by other trade unions and campaigning...

THE American economy contracted by 6.2 per cent in the last three months of last year, as consumer spending dropped by 4.3 per cent...

YESTERDAY the Royal Bank of Scotland (RBS) announced the largest annual loss in UK corporate history of £24.1bn, made up of a £7.9bn trading...

120,000 trade unionists and their supporters, including over a hundred workers who are part of the occupation of the Waterford Crystal plant, marched through...

THE joint general secretaries of Unite, Britain’s biggest union, met with Labour Chancellor Alistair Darling at Number 11 on Thursday for crisis talks on...

GENERAL government debt is now over £700 billion as the slump hits public finances. The Office for National Statistics (ONS) said: ‘Net debt was £703.4...

THE Irish Congress of Trade Unions (ICTU) has called a national demonstration on February 21 at 2pm in Dublin to mobilise workers against...

HISTORY has played a huge joke on the Stalinist bureaucracy. Under the rule of Gorbachev and Yeltsin it thought that it would be able to...

CONSUMER price inflation fell in January, much less than was expected by the so-called experts. The Consumer Prices Index reached an annual rate of...

EX-BANKER and City financier, Sir David Freud, is Labour’s ‘Workfare’ programme architect. He drew up the plans to force single parents and all but the...

Rising unemployment is a national emergency declared the TUC yesterday after the government revealed that 150,000 workers had lost their jobs in the last...

THE Trades Union Congress (TUC) warned of a ‘national emergency’ yesterday as the latest unemployment figures were published, showing that UK unemployment rose to...

THE Royal Bank of Scotland was rescued with billions of taxpayers’ money after it made the biggest losses in the history of British banking,...

‘Today, Congress took a first and important step to rebuilding the American Dream,’ said SEIU International Secretary-Treasurer Anna Burger on Thursday as Senators from...

CHINESE Stalinist leader President Hu Jintao has sent Prime Minister Wen Jiabao and Vice President Xi Jinping on international visits in a vain attempt...

LAST October the IMF predicted world output would increase by 2.2 per cent in 2009. Yesterday it changed its tune saying that world output...

UK unemployment rose by 131,000 to 1.92 million between September and November, the highest total since September 1997, figures from the Office for National...

THE crash of the British banks continued yesterday after Royal Bank of Scotland declared a £27bn loss for 2008 on Monday and its share...

The government yesterday extended its stake in the Royal Bank of Scotland to 70 per cent as RBS headed for a record UK £27bn-£28bn...

AMID banks posting further huge losses and their share prices collapsing, after the near extinction of the world’s largest banks last October, Prime Minister...

more than 3,300 jobs were axed or came under threat yesterday as prime minister Brown held his much-heralded ‘jobs summit’ with bosses and union...

WITH unemployment set to go up by at least one million this year, to three million, the government is in a panic. Its panic is...

YESTERDAY Adams Childrenswear announced that it had closed down 111 of its stores throughout the UK, and that its remaining 160 shops would stay...

JAPAN is the second biggest power in the capitalist industrial world, behind the United States. It has just announced that its industrial output dropped...

CRISIS, the national charity for single homeless people, correctly fears that a massive surge in homelessness is ahead, as it opens its nine Crisis...

Crisis, the national charity for single homeless people, yesterday warned of a potential surge in homelessness in 2009 as it opened the doors of...

GREEK school and university students and young workers staged various anti-government and anti-police mobilisations over the weekend throughout Greece. Dozens of local rallies were...

LABOUR’S leaders love the rich and have no time for the poor. As a government, Labour turned Britain into a second tax-free home for Russian...

‘We are fighting the government and business now,’ said Communication Workers’ Union (CWU) Eastern Region No.6 branch secretary Paul Olden yesterday. Commenting on the government’s...

THE number out of work in the UK rose by 137,000 to 1.86 million in the three months to October – the highest level...

FOR the fifth consecutive day Greek school and university students and workers continued to demonstrate in the capital Athens and in virtually all cities...

GERMANY’S Finance Minister Steinbruck yesterday attacked the Gordon Brown policy for saving the bankers and capitalists from the crisis, as recklessness itself. He described Labour’s...

THE Greek Prime Minister Kostas Karamanlis delivered a 5-minute proclamation on all national TV channels and radio stations on Tuesday night condemning as ‘enemies...