Economic justice campaigner. Emeritus professor of Accounting Practice, Sheffield University. Former chartered accountant. Political economist. Co-founder, the Green New Deal. Also blogging at www.taxresearch.org.uk .
I post on economics, politics, tax, and climate change (and even accounting) because they make a big difference to our lives. I am unable to respond to all comments made. Sorry!
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2026-07-26T21:25:02Z Event JSON
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Last Notes npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy How to manage the cost of government borrowing https://www.taxresearch.org.uk/Blog/2026/05/12/how-to-manage-the-cost-of-government-borrowing/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The stock market increases inequality, not wealth https://www.taxresearch.org.uk/Blog/2026/04/09/the-stock-market-increases-inequality-not-wealth/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy This war is a long way from over as yet https://www.taxresearch.org.uk/Blog/2026/04/08/this-war-is-a-long-way-from-over-as-yet/ Even if we do have a ceasefire this morning, the consequences of this war will last for decades, and we might all pay the price for that. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Has Trump surrendered? https://www.taxresearch.org.uk/Blog/2026/04/08/has-trump-surrendered/ Trump threatened genocide yesterday, before backing down in a humiliating indication of perhaps the biggest US military defeat in its history if this peace deal does last and is confirmed. Whilst the immediate reaction is relief, the position remains profoundly uncertain, and Israel's reaction is utterly unpredictable, suggesting this relief might be short-lived. The likelihood is that this war and its consequences are a long way from being over. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The EU’s inappropriate response to the coming economic crisis https://www.taxresearch.org.uk/Blog/2026/04/06/the-eus-inappropriate-response-to-the-coming-economic-crisis/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The new political-economic reality https://www.taxresearch.org.uk/Blog/2026/03/31/the-new-reality/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy We should not deal with fascists https://www.taxresearch.org.uk/Blog/2026/03/30/we-should-not-deal-with-fascists/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy MMT and the job guarantee https://www.taxresearch.org.uk/Blog/2026/03/29/mmt-and-the-job-guarantee/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Why gas sets the price of electricity, and why the economics behind it makes no sense https://www.taxresearch.org.uk/Blog/2026/03/17/why-gas-sets-the-price-of-electricity-and-why-the-economics-behind-it-makes-no-sense/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy This is no minor war. Its ramifications will reverberate for a very long time https://www.taxresearch.org.uk/Blog/2026/03/16/this-is-no-minor-war-its-ramifications-will-reverberate-for-a-very-long-time/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Who wins from this war? https://www.taxresearch.org.uk/Blog/2026/03/15/who-wins-from-this-war/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The coming crisis https://www.taxresearch.org.uk/Blog/2026/03/06/the-coming-crisis-2/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Rarely have we ever marched into the unknown so ill-equipped to manage the consequences https://www.taxresearch.org.uk/Blog/2026/03/06/rarely-have-we-ever-marched-into-the-unknown-so-ill-equipped-to-manage-the-consequences/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The insanity of war https://www.taxresearch.org.uk/Blog/2026/03/04/the-insanity-of-war/ This was a day when fantasy met reality. The Office for Budget Responsibility's absurd claims came up hard against the reality of Zionist-inspired aggression and lost heavily. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Are we all modern monetary theorists when the chips are down? https://www.taxresearch.org.uk/Blog/2026/03/02/are-we-all-modern-monetary-theorists-when-the-chips-are-down/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy This might be the tipping point https://www.taxresearch.org.uk/Blog/2026/03/01/this-might-be-the-tipping-point/ Will stock markets crash in the morning? npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The Greens: a new force in British politics https://www.taxresearch.org.uk/Blog/2026/02/27/the-greens-a-new-force-in-british-politics/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The real far-right agenda https://www.taxresearch.org.uk/Blog/2026/02/26/the-real-far-right-agenda/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Reform is planning the destruction of well-being of people, communities, ways of life and, quite candidly, this country as it has always been - which is a small island state that has always offered a welcome to people coming and going, adding value when they decide to stay and make this their home, in all the rich diversity that we have to offer. Literally, what Farage is planning is to tear us apart. https://www.taxresearch.org.uk/Blog/2026/02/23/farage-wants-to-tear-us-apart/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy An article in the Guardian this weekend showed just how dangerous the household budget myth is. The UK is not precariously poor, but the myths by which the Treasury and government manage the country are dangerous, condemning us to decline. https://www.taxresearch.org.uk/Blog/2026/02/23/condemning-ourselves-to-decline/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Yesterday, the USA took a step away from fascism https://www.taxresearch.org.uk/Blog/2026/02/21/yesterday-the-usa-took-a-step-away-from-fascism/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy January’s record tax receipts: the real story that was not told https://www.taxresearch.org.uk/Blog/2026/02/21/januarys-record-tax-receipts-the-real-story-that-was-not-told/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy First they came for the intellectuals https://www.taxresearch.org.uk/Blog/2026/02/18/first-they-came-for-the-intellectuals/ Rupert Lowe's Restore Britain party is promising to sweep 'Anti-British", "anti-white" elements out of our universities and schools. Doing so, he is copying the Nazi playbook of 1933. If you're not worried now, you should be. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy SEND for the bankers https://www.taxresearch.org.uk/Blog/2026/02/14/send-for-the-bankers/ Fiscal rules look like they will be used to deny children and others with special educational needs the chances they need in life. And, yes, I am very angry about that. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Trump has the green light for concentration camps https://www.taxresearch.org.uk/Blog/2026/02/08/trump-has-the-green-light-for-concentration-camps/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Labour: the friend of cheats, crooks, and conpeople https://www.taxresearch.org.uk/Blog/2026/01/29/labour-the-friend-of-cheats-crooks-and-conpeople/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy If the state can kill an observer and then lie about it, the question is not just who is safe, but who is believed. https://www.taxresearch.org.uk/Blog/2026/01/25/if-the-state-can-kill-an-observer-and-then-lie-about-it-the-question-is-not-just-who-is-safe-but-who-is-believed/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy 2026 looks as if it will be a brutal year https://www.taxresearch.org.uk/Blog/2026/01/21/2026-looks-as-if-it-will-be-a-brutal-year/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Denmark’s real defence mechanism is its pharmaceutical trade https://www.taxresearch.org.uk/Blog/2026/01/19/denmarks-real-defence-mechanism-is-its-pharmaceutical-trade/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Do we succumb to the politics of might, or choose the politics of care? That's the challenge the world faces now. https://www.taxresearch.org.uk/Blog/2026/01/18/do-we-succumb-to-the-politics-of-might-or-choose-the-politics-of-care/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The toxic politics of might and money https://www.taxresearch.org.uk/Blog/2026/01/17/the-toxic-politics-of-might-and-money/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Zack Polanski, migration, the Greens, and an economics of care https://www.taxresearch.org.uk/Blog/2025/12/26/zak-polanski-migration-the-greens-and-an-economics-of-care/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Wes Streeting’s exercise in thought control https://www.taxresearch.org.uk/Blog/2025/12/04/wes-streetings-exercise-in-thought-control/ Wes Streeting is claiming there are too many diagnoses of anxiety, autism, ADHD and AuDHD in our society. But when some people are profoundly oppressed by neoliberalism, and others cannot comply with its demand for uniformity, what he is actually doing is an exercise in thought control - seeking to destroy what he thinks is evidence of dissent for his toxic world view. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The Alternative Budget 2025, Part 7: The politics of care https://www.taxresearch.org.uk/Blog/2025/11/22/the-alternative-budget-2025-part-7-the-politics-of-care/ Governments have not cared about people for far too long. In my draft alternative Budget, I would change that, for good. Politics is nothing if it is not about care. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The Alternative Budget 2025, Part 5: Reforming the UK’s Savings System https://www.taxresearch.org.uk/Blog/2025/11/20/the-alternative-budget-2025-part-5-reforming-the-uks-savings-system/ The money to transform the UK exists; it's just locked into a savings system that makes no use of it. That has to change. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Financial markets across the world are flashing red. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The Alternative Budget 2025, Part 3: Creating a new fiscal framework https://www.taxresearch.org.uk/Blog/2025/11/18/the-alternative-budget-2025-part-3-creating-a-new-fiscal-framework/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Reeves, and the folly of increasing basic income tax rates https://www.taxresearch.org.uk/Blog/2025/11/04/reeves-and-the-folly-of-increasing-basic-income-tax-rates/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The UK doesn’t lack homes; it lacks affordable ones. Developers won’t build what people can’t buy, and the Treasury won’t fund social housing. Poverty, rent stress, and political anger rise together. The answer is public investment, not market faith. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Growth is not coming back — and nor should our democracy depend upon it https://www.taxresearch.org.uk/Blog/2025/10/29/growth-is-not-coming-back-and-nor-should-our-democracy-depend-upon-it/ In an article in the FT yesterday, its long-term columnist, Martin Wolf, suggested we must sacrifice both people and planet to growth to supposedly save democracy. Almost everything he wrote was wrong. It's time to move on from the ideas of neoliberal dinosaurs dedicated to destruction to a politics of care. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The great British energy rip off is now killing our green energy hopes – and the chance of cheaper electricity https://www.taxresearch.org.uk/Blog/2025/10/23/the-great-british-energy-rip-off-is-now-killing-our-green-energy-hopes-and-the-chance-of-cheaper-electricity/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy What do you do when the target’s wrong? https://www.taxresearch.org.uk/Blog/2025/10/17/what-do-you-do-when-the-targets-wrong/ The Bank of England is missing its 2% inflation target, but so what when the target is artificial, meaningless and decidedly harmful? Isn't it time we had better economic policy rather than spending time fretting about missing goals that were set in the 1990s for reasons that no one can now recall, or explain? npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy We could have avoided a crash https://www.taxresearch.org.uk/Blog/2025/10/16/we-could-have-avoided-a-crash/ Everyone now agrees we are heading for a global financial crash. It's only a matter of when, and not if. And the sad thing is, if only we'd reformed our tax reliefs on pensions and ISAs we might have avoided this disaster that's now in the making. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Inequality is not falling https://www.taxresearch.org.uk/Blog/2025/10/08/inequality-is-not-falling/ Right-wing politicians and commentators are claiming that inequality is falling in the UK based on a tiny change in one national statistic, which is itself statistically insignificant. This is not the case in reality. Inequality is rising. In this post, I explain why and what we can and should do about it. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Fascism, Trump, Reform, and the silencing of dissent https://www.taxresearch.org.uk/Blog/2025/10/02/fascism-trump-reform-and-the-silencing-of-dissent/ Criticising Trump was deemed to be a terrorist act in the USA last week. Reform is already trying the same approach here - accusing Starmer of inciting terrorism for criticising Farage. In both cases, the direction of travel is the same - and is towards full-on fascism. We should be profoundly worried. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Bond markets do not rule – governments do https://www.taxresearch.org.uk/Blog/2025/09/08/bond-markets-do-not-rule-governments-do/ The FT is demanding that the government bow down to the demands of financial markets that will profoundly harm the well-being of the UK and most people who live in it. In the process, they reveal their lack of economic understanding and their own weak relationship with democracy and the right of elected politicians to govern. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Beating fascism is the task ahead https://www.taxresearch.org.uk/Blog/2025/08/31/beating-fascism-is-the-task-ahead/ Beating fascism now is essential. Once fascists get into power, they do not give us the option of voting them out again. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The case for recognising and supporting those with special educational needs and disabilities https://www.taxresearch.org.uk/Blog/2025/08/30/the-case-for-recognising-and-supporting-those-with-special-educational-needs-and-disabilities/ The right-wing assaults on the rights of children and all people who have autism, ADHD, AuDHD, and other special needs keep growing, and that's especially worrying for all those who know, care, teach and value such people for who they are and what they can do. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Is Rachel Reeves going to extend national insurance to investment income? https://www.taxresearch.org.uk/Blog/2025/08/29/is-rachel-reeves-going-to-extend-national-insurance-to-investment-income/ Will Rachel Reeves begin to tackle the inequalities between work and wealth in our tax system this autumn? I hope so. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy It is our duty to defend human rights https://www.taxresearch.org.uk/Blog/2025/08/26/it-is-our-duty-to-defend-human-rights/ Farage is going to announce his plan to end human rights in the UK this morning. We should all be profoundly worried. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Why we need migrants into the UK https://www.taxresearch.org.uk/Blog/2025/08/26/why-we-need-migrants-into-the-uk/ Without inward migration, the UK faces a massive pension crisis. To pretend otherwise is to simply misrepresent the truth: without continuing inward migration, the UK, and those who live here, will be in the deepest trouble. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Neoliberalism is not a viable option https://www.taxresearch.org.uk/Blog/2025/08/22/neoliberalism-is-not-a-viable-option/ Fascism is built on fear. Any politics that can successfully challenge it must, then, be built in the diea of freedom from fear. That rules neoliberalism out as an option. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Banks cannot lend their depositors’ funds https://www.taxresearch.org.uk/Blog/2025/08/14/banks-cannot-lend-their-depositors-funds/ People like to claim that banks lend the funds deposited with them. They don't. In fact, they can't. It is technically impossible for them to do so. In this post, I explain why that is the case and how banks really create the loans that they offer to their customers. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Why the household analogy in economics is wrong https://www.taxresearch.org.uk/Blog/2025/08/11/why-the-household-analogy-in-economics-is-wrong/ The choice is stark: either we keep pretending the state must balance its books, like a family in a soap opera debt-crisis scene, or we face up to the truth that it has far greater responsibilities and capacities than most of our economic and political establishment will acknowledge and start using them for the common good. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Why “spend before tax” is the key to unlocking a future for young people https://www.taxresearch.org.uk/Blog/2025/08/10/why-spend-before-tax-is-the-key-to-unlocking-a-future-for-young-people/ If we understand that, as a matter of fact, government spending comes before tax, we open the political space to demand secure homes, good jobs, free education, affordable childcare, and a liveable planet now, and not in some imagined future when the books “balance”. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Pie theory https://www.taxresearch.org.uk/Blog/2025/08/06/pie-theory/ Lisa Nandy, the wealth secretary, is on the morning media round. She is treating the world to a dose of pie theory. She has actually referred to the need "for a bigger pie." And pie theory has never and can never solve any known economic problem. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Starmer’s actions on Palestine were unforgivable https://www.taxresearch.org.uk/Blog/2025/07/30/starmers-actions-on-palestine-were-unforgivable/ I am stunned, shocked and appalled by the continuing support Starmer is offering Israel, because that is what he really did yesterday. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The doctor’s strike is about an economic system that is on the precipice of collapse https://www.taxresearch.org.uk/Blog/2025/07/25/the-doctors-strike-is-about-an-economic-system-that-is-on-the-precipice-of-collapse/ The doctor's strike is about something much more than pay. It is about an economy that is in meltdown, that can no longer meet the needs of anyone but the very wealthy. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy A pensions policy built on a Ponzi scheme cannot deliver security in retirement https://www.taxresearch.org.uk/Blog/2025/07/23/a-pensions-policy-built-on-a-ponzi-scheme-cannot-deliver-security-in-retirement/ The government wants to force yet more people to save in stock market-based pensions that are bound to fail because changing demographics guarantee that will happen. It's time to rethink the whole nature of pensions instead. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The press release that should have been issued on today’s government borrowing figures https://www.taxresearch.org.uk/Blog/2025/07/22/the-press-release-that-should-have-been-issued-on-todays-government-borrowing-figures/ This is what the government should be saying about borrowing this morning. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Labour’s arguments on water nationalisation reveal their total economic incompetence https://www.taxresearch.org.uk/Blog/2025/07/22/labours-arguments-on-water-nationalisation-reveal-their-total-economic-incompetence/ Labour's arguments on water nationalisation are wilfully ignorant, stupid or just plain straightforward misrepresentations of the truth. You take your pick. Whatever it is, they're utterly incompetent. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy What would a return to the gold standard really mean? https://www.taxresearch.org.uk/Blog/2025/07/18/what-would-a-return-to-the-gold-standard-really-mean/ Reform wants to return the UK to the gold standard to limit the money supply in this country. The result would be a disaster - and would massively increase inequality in the UK, which is, no doubt, their aim. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy When will the crash happen? Soon enough for Reeves to take the blame. https://www.taxresearch.org.uk/Blog/2025/07/17/when-will-the-crash-happen-soon-enough-for-reeves-to-take-the-blame/ Could Labour survive delivering the second major crash within twenty years? I doubt it. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Will Labour enable neo-fascism? https://www.taxresearch.org.uk/Blog/2025/07/16/will-labour-enable-neo-fascism/ Without electoral reform, Reform might, on the basis of current opinion polls, take most seats in parliament in 2029 with about one-third of the votes. The case for proportional representation is overwhelming in that case, but will Labour deliver it? npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Making the wealthy pay is essential to tax justice https://www.taxresearch.org.uk/Blog/2025/07/16/making-the-wealthy-pay-is-essential-to-tax-justice/ There's much talk of a wealth tax at present, but there's strong evidence to suggest that the wealthy are already not paying all the tax that they owe. It's time to get that right before ever thinking about taxing wealth. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Is the UK tax gap understated by at least £18 billion? https://www.taxresearch.org.uk/Blog/2025/07/15/is-the-uk-tax-gap-understated-by-at-least-18-billion/ The UK tax gap is, according to HMRC, £46.8 billion. But new data on tax not paid by multinational corporations suggests that this may be understated by £18 billion, and maybe more. Shouldn't HM Revenue & Customs tell us the whole truth about the tax gap? npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Selling England by the pound https://www.taxresearch.org.uk/Blog/2025/07/15/selling-england-by-the-pound-2/ Why is England (and I do mean England, in particular) in such decline? That's because the City put up a 'For Sale' sign over it in the 1980s, and the logic still is that everything must go. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Fiscal rules are as flexible as rubber bands https://www.taxresearch.org.uk/Blog/2025/07/14/fiscal-rules-are-as-flexible-as-rubber-bands/ In this video, I explain why Rachel Reeves’ beloved fiscal rules are nothing but political theatre. They’re arbitrary, endlessly changeable, and stop us investing in what matters. It’s time we governed for people, not ratios. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The FT has published an editorial attacking taxes on the wealthy, and saying we must keep those threatening to leave, come what may. They're horribly wrong. If pandering to tax abuse is the price of keeping the wealthy, we should show them the door. https://www.taxresearch.org.uk/Blog/2025/07/13/the-ft-needs-to-get-its-head-around-wealth-and-the-need-to-tax-it/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Trump’s tariffs are destroying hope https://www.taxresearch.org.uk/Blog/2025/07/13/trumps-tariffs-are-destroying-hope/ Lesotho, which is a major manufacturing centre for US garment companies, is predicting a national disaster because of the 50% tariff Trump is planning to impose on it, and they're right to do so. If you're not worried, you should be, because the knock-on effects for us all are considerable. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The corporations aiding genocide https://www.taxresearch.org.uk/Blog/2025/07/09/the-corporations-aiding-genocide/ The evidence now is that many major corporations will, apparently, do anything to make a profit, including actively assisting genocide. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy We need a politics that meets needs https://www.taxresearch.org.uk/Blog/2025/07/08/we-need-a-politics-that-meets-needs/ What is it that any party actually needs to do to succeed with the real people in the electorate now? I both ask and answer the question. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Labour is making a mockery of the rule of law https://www.taxresearch.org.uk/Blog/2025/07/06/labour-is-making-a-mockery-of-the-rule-of-law/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Protest is how change happens – and that's why the powerful fear it https://youtu.be/BUB0TLaos3k?si=xa6j0Q-tJwPjaShY npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Wes Streeting’s limited vision https://www.taxresearch.org.uk/Blog/2025/07/03/wes-streetings-limited-vision/ Wes Streeting's vision for the NHS appears to focus on new health centres because hospitals are really BAD, AI note-taking software, and a new app. Why does there always have to be a new app? And that's it. This is not a vision. And that means it will fail. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Starmer has to reshuffle. Rachel Reeves is obviously at her wits' end. But that's because the Treasury is too big, too unmanageable and needs to be split into three new ministries. Will he have the courage to do that? https://www.taxresearch.org.uk/Blog/2025/07/02/starmer-needs-a-reshuffle-but-he-also-needs-to-split-the-treasury-in-three/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Labour is cutting disability benefits to balance Rachel Reeves’ budget, while handing billions in tax breaks to the rich. In this video I explain why this is morally bankrupt, and why Labour’s 70 MPs who backed down have failed the poorest. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Sanctions worked on apartheid. Why not sanction Israel, then? https://youtu.be/PLhkJLy2hzo?si=Q2DuB4ITujvGshoA The Co-op has banned Israeli goods. The UK government remains silent. This silence is complicity. Real leadership in the face of genocide would require that the UK sanction Israel. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy What is really holding back incomes in the UK? https://youtu.be/ni6jFvWlrec?si=t89QJnT_kPVreeiE The Resolution Foundation says UK incomes will flatline until 2030. This isn’t an accident—it’s by design. High interest rates, unfair taxes, and Labour's inaction are all crushing incomes and deepening inequality. We need change. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Is Labour missing its moral compass? https://youtu.be/guxzudkCurc?si=xblwKy2YRnWY_jmn Keir Starmer and Rachel Reeves talk endlessly about fiscal black holes but that’s not Labour’s real problem. That crisis lies in the party’s loss of purpose, ethics, and vision for Britain. What Labour is really for? npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Panic in New York https://www.taxresearch.org.uk/Blog/2025/06/26/panic-in-new-york/ The prospect of a genuine left-of-centre candidate with widespread support standing to be Mayor of New York is panicking the political establishment, whether Republican or Democratic. They should be worried. He could win. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy How long for Starmer? https://www.taxresearch.org.uk/Blog/2025/06/26/how-long-for-starmer/ How long will it be before Starmer is forced out as Labour leader? Not long, and the timescales are getting ever shorter. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy What's the threat from Stablecoins? https://youtu.be/HBuF2c48OhM?si=KyRwEDJ9kVxDXK7N Stablecoins are promoted as financial innovation, but are the real winners those avoiding oversight, whether as tax dodgers, money launderers, or crypto speculators? npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy https://media.mas.to/media_attachments/files/114/745/455/177/393/520/original/5375fe8cdf717364.png npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy https://media.mas.to/media_attachments/files/114/743/177/781/874/559/original/8a709be1d752cbbb.png npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy https://media.mas.to/media_attachments/files/114/743/045/260/957/022/original/153a398a23fb7e92.png npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy https://media.mas.to/media_attachments/files/114/736/514/993/840/991/original/297b3a90d2b9e4ab.png npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Farage is planning to boost migration into the UK at cost to the poor https://www.taxresearch.org.uk/Blog/2025/06/23/farage-is-planning-to-boost-migration-into-the-uk-at-cost-to-the-poor/ Farage has a plan to increase migration into the UK at cost to everyone already living here - and he obviously thinks we're daft enough to fall for it. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The economic consequences of Trump’s war https://www.taxresearch.org.uk/Blog/2025/06/22/the-economic-consequences-of-trumps-war/ Trump has tipped the world into a war situation, and the economic consequences could be very severe indeed. Expect inflation, recession and a stock market crash. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy What modern monetary theory actually says and why it matters https://youtu.be/GyJckrwB4kA?si=YCjnPkiJ_vUyEMjk Forget the myths. In this video I set the record straight on MMT: what it is, how it works, and what it doesn’t claim to do. If you’ve ever wondered how modern monetary theory could change things, this is your explainer. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The US attacks on Iran breached international law https://www.taxresearch.org.uk/Blog/2025/06/22/the-us-attacks-on-iran-breached-international-law/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy It really is time to nationalise water https://www.taxresearch.org.uk/Blog/2025/06/19/it-really-is-time-to-nationalise-water/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy It is time to end the payment of most interest to commercial by the Bank of England https://www.taxresearch.org.uk/Blog/2025/06/17/it-is-time-to-end-the-payment-of-most-interest-to-commercial-by-the-bank-of-england/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Tax havens - or secrecy jurisdictions - are an abomination on the global economic landscape that should have been consigned to history long ago. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Reeves is delivering austerity for the UK, unless you're wealthy https://youtu.be/TwQxdCLjL9s?si=IPJsNfc2Ok4HbjBh Rachel Reeves' Spending Review is a sham. She is claiming to deliver a lot, and she isn't, whilst failing to provide for children in poverty and simultaneously keeping the wealthy in the style to which they are accustomed. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Why can’t Labour get things right? https://www.taxresearch.org.uk/Blog/2025/06/10/why-cant-labour-get-things-right/ Labour's tax plans for recovering the Winter Fuel Allowance from 3.9 million pensioners are utterly incompetent when much better alternatives are available. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy It’s complicated, and that’s the problem no one wants to face https://www.taxresearch.org.uk/Blog/2025/06/04/its-complicated-and-thats-the-problem-no-one-wants-to-face/ Government decision-making is hard. And no one wants to admit it, hence the mess we are in. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Trump wants to use tax as a weapon in international trade wars. That could backfire horribly for him. npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy Labour’s going to make another fine mess of things today https://www.taxresearch.org.uk/Blog/2025/06/02/labours-going-to-make-another-fine-mess-of-things-today/ npub1j79mcavmw2pll7ky6yfj3gluyskqvkrfn9760970ad0psruaxpcqqmrc5v Richard Murphy The money Rachel Reeves needs is readily available. All that is lacking is the understanding on how to use it https://www.taxresearch.org.uk/Blog/2025/06/01/the-money-rachel-reeves-needs-is-readily-available-all-that-is-lacking-is-the-understanding-on-how-to-use-it/
