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Arguments for socialism :: Northern Rock
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12 September 2018
10 years since the financial crash - the socialist answer to capitalist crisis
On 15 September at a secret London venue top bankers who were part of Lehman Brothers will celebrate the tenth anniversary of their bank's 2008 collapse with "cocktails and canapes".
18 November 2015
Tories flog bank assets to hellhound US profiteers
Chancellor George Osborne is hailing his £13 billion sell-off of Northern Rock mortgages as a success. But overall, the taxpayer has made a big net loss on sales of public assets.
30 September 2015
It's one world for the super-rich, and another one for the rest of us. Suicide-causing Wonga debt rates versus bank bailouts; David Cameron accused of getting huntsman mate off charges.
DWP group president Fran Heathcote (with flag) at Leeds Remploy picket line, 26.7.12, photo by K Williams
12 September 2012
This is an extract of the speech at the TUC congress given by Fran Heathcote, group president of PCS in the Department for Work and Pensions, in support of a motion from the Fire Brigades Union on nationalising the banks
23 November 2011
Rock bottom: Northern Rock, the failed bank rescued by the previous Labour government, has been sold off on the cheap to Virgin Money by the Con-Dems...
23 November 2011
Tories and Labour fail to give 'Any Answers'
I went to a recent recording of BBC Radio 4's programme Any Questions in Worcester, writes Peter Scott, Worcester Socialist Party.
23 November 2011
Northern Rock and Branson's present
The latest Con-Dem jape is to con the long suffering taxpayer who will stump up £13 a head to give Richard Branson the 'good' part of Northern Rock, writes Tony Mulhearn
16 June 2010
Northern Rock throws workers on the dole
Northern Rock workers are stunned to hear that the bank is now planning another round of job cuts. Last week workers were hit by a redundancy bombshell of 650 job losses out of 4,500 staff. This works...
24 February 2009
For millions of working class people, however, the urgent question is: where is the bailout for us? For thirty years governments have told us that the only option is privatisation of public services, and...
22 October 2008
Hard as rock: Faced with escalating house repossessions, the government is now urging banks to be lenient on people falling behind with their mortgage payments...
21 May 2008
Housing crisis worsens: In the same week that Tony Blair buys his sixth house for £4 million, the Local Government Association announced that another million people could join housing waiting lists in the next two years, writes Lois Austin.
16 April 2008
Housing crisis: Britain's house of cards
AS THE US economy moves sharply downwards, the threat of a crash in the British housing market is becoming ever more real, writes Marc Glasscoe, Socialist Party Lincoln.
2 April 2008
Capitalism gambles with our lives
FSA Northern Rock report: WHEN NORTHERN Rock collapsed last year, the Financial Services Authority (FSA) set up an internal review of its regulation of the bank, writes Kevin Parslow.
2 April 2008
Editorial: For a 35-hour week with no loss of pay
WITH 2,000 job losses projected out of a total workforce of 6,000 at Northern Rock, together with one third of all jobs in the financial sector going, the shadow of unemployment returns once more to haunt working-class areas...
2 April 2008
End Labour's 'them and us' society
You could not make it up. Disgraced former Northern Rock chief executive Adam Applegarth will get a payout of £760,000!
25 March 2008
Northern Rock: Workers 'gutted' at the scale of job losses
Northern Rock's announcement of 2,000 job cuts - around one-third of its workforce - has numbed workers, writes Elaine Brunskill, Newcastle Socialist Party.
19 March 2008
Darling's 'more of the same' budget
Editorial: "The most wrenching since the end of the second world war" is how Alan Greenspan, ex-head of the US Federal Reserve, described the current crisis engulfing the US economy...
19 March 2008
Delegates and visitors from Socialist Party branches across England and Wales met in London on 8-10 March, for the Socialist Party's annual congress. Reports on main sessions.
4 March 2008
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Postal workers' picket line in East London, photo Naomi Byron |
1 March 2008
Consequences of crisis for consciousness worldwide
We do not take a simplistic 'economic determinist' approach to politics. It is not our conception that recession will automatically lead to a mass increase in support for socialist ideas...
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