24 June 2009

Another RBS rip-off payout

STEPHEN HESTER, the new boss at the Royal Bank of Scotland (RBS) who replaced disgraced chief executive Fred Goodwin, is in line to receive a £10 million pay package...

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15 October 2008

Repossessions grow as banking crisis hits

THE FINANCIAL crisis is adding greatly to people's problems in getting decent housing. Despite prices of houses and flats falling at present, the previous huge price rises coupled with less disposable...

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8 October 2008

Lessons of the 1990s recession in Japan

ECONOMISTS AND political leaders are looking to the recent economic history of Japan with growing fear. Is the US economy also heading for a 'lost decade'? asks Jared Wood, Oxford Socialist Party.

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17 September 2008

It's time to fight back!

Unison Local Government strike 16-17 July in London, photo by Paul Mattsson

Recession, Banking Crisis, Inflation, Pay Freeze, Wars... Shockwaves spread globally as two of the biggest multinational banks collapsed - Lehman Brothers and Merrill Lynch - and a third could follow, writes Dave Nellist, Socialist Party councillor, Coventry.

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29 November 2007

Northern Rock scandal: Nationalise the banks!

NORTHERN ROCK, the UK's fifth biggest mortgage lender, went into financial meltdown when it was forced to call on emergency funding from the Bank of England in September... By Elaine Brunskill, Newcastle Socialist Party

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22 November 2007

Nationalise Northern Rock permanently to safeguard workers' interests

Editorial: WHEN THE Northern Rock bank went into crisis in September, the socialist unequivocally called for its nationalisation...

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8 November 2007

Why Prince of mortgages resigned

CHARLES PRINCE, chairman and chief executive of the world's biggest bank, Citigroup, has resigned... By Dave Carr

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4 October 2007

Banking turmoil continues

The governments's effective nationalisation of the deposits in the stricken Northern Rock bank and guarantee of deposits up to £35,000 in all banks, have not ended the financial turmoil... By Judy Beishon

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27 September 2007

British banking crisis: Toxic system exposed

THE NEAR collapse of Northern Rock bank, accompanied by the most astonishing scenes of panic for generations outside its branches, has serious political implications for Britain and the government of Gordon Brown...

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20 September 2007

Nationalise the banks

Make the bankers pay: As panic spread that the building society Northern Rock was about to collapse, thousands of people queued overnight outside its branches to withdraw their hard-earned savings... By Hannah Sell, Socialist Party deputy General Secretary

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