Tag: unemployment

American trade unions who campaigned for Barack Obama’s landslide election victory, yesterday told the new US president to keep his promises to working families. Service...

AT the same time as the Brown government continues to spend hundreds of billions to ‘preserve’ the bankers and the capitalist system, his government...

‘Gloria Macapagal-Arroyo is like a poster girl promoting migration of Filipinos in the name of dollar remittances, at the expense of the poor’, the...

THE ‘Home Coming’ British Army ‘welcome home’ parade being mounted in the centre of Belfast this Sunday, in which a number of British army...

PRIME Minister Gordon Brown yesterday pledged to a gathering of businessmen in London to ‘intensify’ the government’s attacks on the Welfare State, whilst continuing...

THE worldwide capitalist crisis drove the pound down on Friday into an unprecedented collapse. The pound slumped 9.6 US cents to $1.52 at...

THE London and New York stock markets were in free fall yesterday, losing hundreds of points, with tens of billions of dollars and pounds...

Share prices and the pound were battered yesterday after the publication of official figures showed that the UK economy shrank for...

ONE in four South Africans are unemployed, and poverty is rife eighteen years after the release of Nelson Mandela and 14 years after he...

THE Greek working class delivered a most powerful notice to all concerned last Tuesday with a militant 24-hour general strike called by the GSEE...

AFTER actively assisting in the creation of trillions of debt, and showing its contempt for the concept of value by selling almost half of...

THE one per cent economic crisis levy on the wages of every worker in the Irish Budget was described as ‘a crude instrument that...

The number of unemployed people in the UK rose by another 164,000 between June and August, to 1.79 million, according to the latest government...

The number of UK unemployed rose by 164,000 between June and August, to 1.79 million, taking the official unemployment rate to 5.7% from...

YESTERDAY the Brown government was emphasising that it had no interest in running the three banks that it was ‘part-nationalising’ (rescuing) with £37bn of...

SCHOOL exams in Zimbabwe should be cancelled because strike action by teachers has left pupils unprepared, a teaching union said on Tuesday. ‘For the record,...

YESTERDAY saw the big international push get under way to try to rescue the bankers of the world from the crisis of their capitalist...

WITH the financial storm clouds starting to burst around him, Prime Minister Brown has established with his cabinet reshuffle that he means every word...

THE manufacturing sector of the British economy shrank last month at the fastest rate for 17 years, that is since 1992, according to figures...

YESTERDAY two major banks had to be nationalised to prevent a run on the UK and EU banking system. They were the Bradford and...

Angry, striking carworkers from Sandouville (Seine-Maritime) Renault plant demonstrated in the streets of Le Havre on Thursday, September 25. The French motor manufacturing giant recently...

Prime Minister Brown yesterday revealed he has no policies to deal with the economic crisis in the interests of workers. In his keynote address to...

MORE than 800 postal workers from all parts of the country, from Plymouth to Scotland, marched on the Labour Party conference in Manchester yesterday...

Responding to yesterday’s unemployment figures, TUC General Secretary Brendan Barber said: ‘Today’s figures show that unemployment is starting to accelerate and it now...

THE Federal Reserve Bank’s $85bn ‘rescue’ of AIG was carried out to stave off an immediate international financial and business collapse. It has turned...

LEHMAN Brothers and Merrill Lynch, two pillars of the capitalist world’s banking system, have gone. The first declared bankruptcy, after the US Federal Reserve...

THE European Commission stated yesterday that the UK, Germany and Spain, key members of the EU, with Germany being the world’s biggest exporter, are...

THE Bank of England (BoE) Monetary Policy Committee decided yesterday to make no change in its base interest rate and to leave it at...

AVERAGE house prices in Britain are now 10.5 per cent lower than they were a year ago, according to figures published yesterday by Nationwide,...

‘The TUC leaders must act to defend jobs or make way for those who will,’ Dave Wiltshire, national secretary of the All Trades Union...

THE new Deputy Governor of the Bank of England (BoE), Charles Bean said yesterday that when the so-called ‘credit crunch’ began last August central...

UK economic growth ground to a halt between April and June, according to the latest official data from the Office for National Statistics (ONS)...

BANK of England governor King’s report, on the immediate prospects for British capitalism has produced a run on the pound – so precarious is...

‘There is a feeling of economic chill in the air,’ Bank of England governor Mervyn King said yesterday. Introducing the Bank’s latest monthly inflation report,...

Communication Workers’ Union (CWU) leaders yesterday condemned Royal Mail’s announcement of major automated sorting centre closures affecting Liverpool, Oldham, Bolton, Stockport and Crewe...

ROYAL MAIL, acting on its brief from the government has announced the closure of major automated sorting centres which will affect Liverpool. Oldham, Bolton,...

THE HSBC bank has just declared a 28 per cent, $3.9bn fall in half year profits. It has written off another $3.7 billion...

Talks in South Africa on Zimbabwe’s political crisis broke up yesterday with no power-sharing deal achieved between President Robert Mugabe and the ...

The UK House of Commons International Development Committee has called for dialogue with Hamas. The US, UK and EU refuse to speak to...

INCAPACITY Benefit will be abolished under the Welfare Green Paper just published by Works and Pensions Minister, James Purnell. The 2.7 million people receiving Incapacity...

‘With the economy slowing down, and many commentators expecting unemployment to rise, now is not the time to start blaming the victim,’ said TUC...

CHANCELLOR Darling has told his cabinet colleagues there will be no more money made available for schools, hospitals or transport. These vital services face cuts,...

THE reaction of the Brown government to the eruption of the capitalist crisis has been to champion the interests of the banks, pledging to...

Ramzi Kysia vividly describes the human catastrophe imposed on the people of Gaza by Israel and asks you to join other people of conscience...

THE British Chambers of Commerce (BCC) quarterly report has just discovered a situation that every worker and every shopper has been acquainted with for...