HSBC scandal: a system designed for tax fraud This week revelations on BBC’s Panorama have sparked an explosive scandal: HSBC, the UK’s largest – and the world’s second largest – bank, has been caught facilitating industrial-scale tax evasion, committed by some of its wealthiest clients. Thousands of leaked bank account files obtained by the International Consortium of Investigative Journalists, the BBC, The Guardian and others show that between 2005 and 2007 the bank’s Swiss arm colluded with clients to conceal money and whole bank accounts from their respective domestic tax authorities, whilst also marketing aggressive tax avoidance schemes for its wealthiest customers. The accounts involved were worth an estimated $119bn.
Perspectives and tasks for Marxist students in 2015 On Saturday 14 February delegates from all over Britain will be joined in London by international visitors for the 2nd Marxist Student Federation conference at SOAS. As well as discussing the international student movement across the world, students will be discussing on the perspectives and tasks for the Marxist students in Britain (See below the agenda).
Britain - The Prince and the Paedophile: it's time to overthrow this rotten Establishment The scandal enveloping Prince Andrew - following allegations in a US law court that he may have been gifted an underage girl for sex by his paedophile friend, Jeffrey Epstein - has shone an unwelcome spotlight on the festering corners of Britain’s rotten Establishment.
Russell Brand - Revolution! But how? When Russell Brand was living his high-profile drug and party-fuelled life just a few years ago, the moralists in media and government had relatively little to say about him. Now that he has written a book calling for anti-capitalist revolution, bourgeois critics are lining up to insult, patronise and demonise Brand for daring to demand an alternative to the current system. This says a lot about the Establishment’s idea of what makes a good celebrity role-model.
UKIP and the crisis of the British Establishment A crisis has taken hold of the political establishment in Britain in recent months. Its latest episode was played out last week in the Rochester and Strood by-election. The UK Independence Party emerged to claim their second parliamentary seat at the expense of the ruling Conservative Party.
London meeting hears eyewitness account of the Odessa massacre + VIDEO Solidarity with the Anti-fascist Resistance in Ukraine (SARU) held a supporters’ meeting on the 11th of November at the Marx Memorial Library in Clerkenwell, London. A packed room heard a series of speakers discuss the current situation in Ukraine and the way forward for the campaign.
Review: Owen Jones' "The Establishment" It seems a little strange to think that when Chavs: The Demonization of the Working Classwas released in 2011, its author was then relatively unheard of. Three years down the line and you couldn't be faulted for thinking that Owen Jones is the media's go-to-guy for left-wing opinions. As well as being a columnist for The Guardian, he can often be spotted on television, making appearances on shows spanning from BBC Question Time to The Alan Titchmarsh Show. He is also an activist however, being a key figure in the People's Assembly movement and the think tank CLASS, as well as regularly speaking at various public events.
UK leads the way...in inequality A new official report from Credit Suisse paints a grim picture of the growing divide in the UK between the rich and the poor.
Scotland Needs A Revolution! The Referendum campaign has transformed the political landscape in Scotland. It was a defining moment. This seismic shift has sent shock waves through the British capitalist establishment. Below is a statement which was first published as part of IMT's Scottish special, 'Revolution'.
Marxist Students Stand out in British TUC Protest With banners, fists and voices raised high, the Marxist Student Federationrallied the largest number of student Marxists yet to join our voices with those of increasingly disgruntled workers at the national TUC demonstration ‘Britain Needs a Pay Rise’ on 20th October. With students present from Leeds to Sussex, from Sheffield to Southampton as well as a strong presence from London and elsewhere, there was a sea of new revolutionary faces that had joined Marxist societies in the last few weeks, eager to raise the Marxist Student banners with those of the trade unions.
Britain: Capitalism’s permanent austerity - only bold socialist policies can offer a way out 90,000 demonstrated in London last Saturday, and thousands more in Glasgow and Belfast, at the plight of Britain’s low paid. This followed a week of strike action involving hundreds of thousands of workers. It was the first time in 32 years that strikes had hit the NHS, so angry had staff become of being treated like dirt.
Marxist Student Federation Planting the Red Flag on Campuses Across Britain As the new academic term gets underway, the has been at 29 universities, signing up hundreds of students who are interested in building an organisation capable of fighting for socialist policies within the student movement. Furthermore thousands of people signed up to hear more about our activities. Below are reports from some of our interventions.
News from the IMT: Workers in Shetlands debate blacklisting, capitalism, and the Socialist Alternative The Shetlands, the most northerly point of the British Isles and 100 miles from the mainland, was battered this week by high seas and storms. This however did not prevent successful meetings called by the Laggan Tomore Construction branch of UNITE to discuss blacklisting and other political issues.
Lessons of the Scottish referendum The referendum campaign in Scotland is over. Now in the cold light of day it is necessary to draw all the conclusions. The first and most important is that this represents a decisive turning-point in the development of the class struggle in Scotland and in the rest of these islands.
Scotland shakes the establishment: The fight for Socialism continues The Scottish Referendum produced a seismic shift in the political landscape of Scotland. The campaign shook up the whole of society and touched those who had never even voted before. The turnout was an unprecedented 85%, more than three and a half million people, bigger than any election ever held in UK history.