Tag: unemployment

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...

‘IT is very clear that the collapse of the capitalist system has collapsed New Labour, that is the modern Labour Party’, News...

LABOUR’s fifth place at Henley, shamefully behind the fascist BNP, will go down in history as an example of a party being thrust into...

THE US trade unions are gearing up for the battle to get Barack Obama elected as the president of the United States, believing that...

HUGE hikes in gas and electricity bills are coming this year, the energy privateers flagrantly announced yesterday. ‘Big Six’ energy bosses told MPs on the...

CHANCELLOR Darling has followed up his appearance before the bankers at the Mansion House on Wednesday night, where he pledged that wage rises would...

ON Saturday June 29, the News Line daily newspaper will be having a joint conference with the All Trades Unions Alliance, the body that...

CITIGROUP bank has warned the Bank of England’s Monetary Policy Committee (MPC) against upping interest rates when it meets this week. It noted that already...

Unemployment is set to increase sharply this year, economists have warned, after a Bank of England report showed more firms were looking to axe...

THE fighting in Johannesburg and its surrounding black townships, over the past week – with more than 23 people being killed, pitched battles with...

Prime minister Brown signalled more attacks on workers, the sick, unemployed and disabled people in his speech to MPs yesterday, outlining the government’s draft...

AN United Nations Relief and Works Agency (UNRWA) spokesman, said yesterday that the UN organisation is stopping food supplies to the Gaza Strip...

Essays on Working Class and International Revolution 1904-1917 Collected and Translated by MOISSAYE J OLGIN Introduction by MOISSAYE J OLGIN THE essay, ‘The Proletariat and the Revolution’, was published at the close of...

THE MUGABE regime has been beaten in the polls by the trade union backed Movement for Democratic Change and is now considering its options...

AS IS to be expected the imperialists, with Britain in the lead, are engaging in an economic blockade, black propaganda, etc to get rid...

THE National Union of Teachers Conference in Manchester yesterday voted overwhelmingly to oppose military recruitment activities in schools. Motion 48 on War, accused the Ministry...

Up to 80,000 members of the Public and Commercial Services Union (PCS), working for the Department for Work and Pensions (DWP), today begin a...

Disability charities yesterday expressed concerns over Labour’s plans to introduce harsh work tests and force almost two million people off incapacity benefit. In his Budget...

In his first budget, Chancellor Darling hit the working class and middle class with big hikes in alcohol, tobacco and vehicle taxes while giving...

BLACKSTONE, the world’s biggest private equity capitalist raider, has reported a collapse in its profits in the last three months...

The Public and Commercial Services Union (PCS) condemned yesterday’s announcement that Labour will slash a further 12,000 jobs and close an additional...

Yesterday the government launched major attacks on workers and immigrants. Ministers announced plans to strip unemployed people of their benefits, force long term sick and...

THE class message of the Labour government is clear. It is that if you’re a banker, you can do no wrong and are...