Scottish Labour's leaders cannot keep blaming Westminster for the collapse at the ballot box, says VINCE MILLS
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Banker’s bonuses: another Labour betrayal
We are lurching backwards politically now that both major parties are united in servicing the City before all else, writes BERNIE EVANS
Labour leader Sir Keir Starmer and shadow chancellor Rachel Reeves during a visit to the London Stock Exchange Group, September 22, 2023
Over 30 years since apartheid was abolished, nasty anti-migrant rhetoric sweeps the corporate media. The Commnunist Party is ready to fight back, says ROGER McKENZIE
Over 100,000 people are expected on Brussels’s streets today. Ben Chacko speaks to Belgian Workers Party’s PETER MERTENS on wage and pensions attacks that have united the fightback
FRED BAYER says the cuts to the congress cycle could be disastrous for the Scottish trade union movement
Berlin’s Soviet war memorials are becoming the latest front in a political struggle to ‘de-Sovietise’ German history. NICO POPP reports
Western Marxism is a particular version of Marxist theory developed in – and acceptable to – the capitalist nations of Europe and North America and largely divorced from political action, argues the MARX MEMORIAL LIBRARY
WITH plans to “unashamedly champion Britain’s financial services sector,” cut down on “10,000 pages of regulation,” and impose no windfall taxes on banks despite their record profits, it came as little surprise that a Labour government will not reinstate the cap on bankers’ bonuses.
In July last year, for example, Natwest announced half-year profits of £3.58 billion, up from £2.6bn the previous year.
Imagine how much they and the other profiteering banks will be paying in bonuses to people who will have contributed nothing towards the higher profits, which were simply made by the exploitation of British customers, delaying an increase in savings rates after raising them for borrowers immediately after the Bank of England announced hikes in the base rates.
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