Author: Richard Murphy

Economic justice campaigner. Visiting Professor of Accounting, Sheffield University Management School. Chartered accountant. Co-founder of the Green New Deal.

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Jeremy Hunt’s maxing out the credit card nonsense

Richard Murphy

Jeremy Hunt is saying we cannot max out the national credit card this morning. This is total nonsense. There is no national credit card. Instead it’s the job of government to make the money we use. And since it can always make that money, it can never max out on credit. Hunt wants you to […]

Johnson was a disaster. Truss has set out to be worse

Richard Murphy

Yesterday [6 September 2022] was bad. It was, in fact, very, very bad. If Johnson was a disaster, Truss has set out to be worse. Richard Murphy very much doubts that any prime minister has set out to create so many conflicts from the outset of their premiership in the way that Truss has. The […]

That Maitlis speech: truth and facts need no rebuttal

Richard Murphy

What Emily Maitlis seemed to me to be saying in her Edinburgh lecture was that there are truths that need to be told that can be stated as facts without requiring rebuttal. A short thread to discuss this….. There is, for example, a phenomenon called climate change. No broadcaster need balance that opinion with the […]

Tory promised land of milk and honey: the reality

Richard Murphy

The Tory leadership election is offering the party faithful an image of a land about to flow with milk and honey, so good are the prospects arising from the so far unspecified benefits of Brexit. The reality is about as far from that is it can be. In reality, this morning we have news of […]

The real risk is that the economy could fail this winter

Richard Murphy

How many people lived in fear in the summer of 1914, dreading what might happen? Come to that, what about 1939? People must have known that they were living on a precipice then, just as we are now. A disaster is about to happen, but there seems to be denial all around. The disaster that […]

Freeports : a pathway to the end of government as we know it

Richard Murphy

I have been asked on here if I have ever looked at the benefits of freeports. The honest answer is no, but that is because I have never been able to find any such benefits. I have, however, looked at the massive downsides to this idea that both Sunak and Truss support. It is important […]

We need a democratic and constitutional revolution

Richard Murphy

There are any number of ways of seeing the photograph’s issued yesterday of the party Boris Johnson attended on 13 November 2020. Denis Swayne MP managed to call it a work event yesterday, which was no excuse. No doubt Grant Shapps will destroy any remaining credibility he has by telling the morning media round some […]

How did we end up with these bandits in charge?

Richard Murphy

It seems almost certain that the government will announce legislation to abandon the Brexit Northern Ireland protocol in the next few days. No coherent lawyer I have yet noted has suggested that this is anything but a breach of international law. The Attorney General has suggested parliament is supreme in the UK and can as […]

Fascism is advancing, rapidly

Richard Murphy

That we face a risk of fascism taking hold in the UK, with democracy failing as a consequence, is something I have recognised as a very real risk for longer than most when writing my blog. The risk has come from a Tory party determined to hold power in the interest of the narrow clientele […]

Sunak’s choice: help or harm?

Richard Murphy
Chancellor Rishi Sunak

Rishi Sunak has a choice to make in his upcoming budget. He could provide the support most households in the UK will need if they are to be able to pay their bills in the next year. If he doesn’t provide it, we are in meltdown. This is Richard Murphy’s article on the impact of […]

What should sanctions look like?

Richard Murphy
street art of Putin in a skip

Boris Johnson announced sanctions against Russia on 22 February in response to its invasion of Ukraine that made him and his government look like a laughing stock. Five banks and three oligarchs, each of whom had already been sanctioned in the USA for some time, will now face UK sanctions that are likely to have […]

Hey! Teachers! Leave the truth alone! Government interference coming to a classroom near you.

Richard Murphy
The teacher puppet from Pink Floyd's The Wall

Requiring teachers to present a view in classes that our government is the benign deliverer of optimal outcomes for society is anything but neutral, but that is what the government is demanding that teachers do. Richard Murphy explores the latest dark initiative from this authoritarian government. The government issued this statement yesterday: New guidance to support teachers […]

We need a Great Reform

Richard Murphy
neon sign reads 'Let's change'

“We witnessed an attempted coup this week. A prime minister, who has very obviously broken the law on many occasions and who holds the people of this country in contempt, sought to stay in power aided and abetted by his party and the police.” Richard Murphy sets out the case for radical reform. The charge […]

Johnson may yet fight an ugly rearguard action

Richard Murphy
cartoon poster of Johnson , middle finger raised

Political speculation abounds on whether Johnson can survive. It is apparent that the consensus is that he cannot. But let me offer a word of caution. The assumption is being made that a man who has refused to comply with every convention in life that governs good behaviour will do the honourable thing and step […]

What happens to the Tories now?

Richard Murphy

We know that Boris Johnson’s days in Number 10 are numbered now. We can’t be sure how many there still are. That his tenure will end well before the time of the next election is, however, seemingly certain. But my question is, so what? What then for the Tories, and us. The Conservative Party is […]

The last thing we need in 2022 is a poll tax on energy consumption

Richard Murphy

The FT reports this morning that: Households facing a “cost of living catastrophe”, including soaring gas and electricity charges, in April could yet be spared a £100 levy on their bills which had been intended to recoup the money to cover recent energy company failures. Ofgem, the energy regulator, is looking to spread the cost of the […]

‘Leave the rich alone’ is now official government policy

Richard Murphy
luxury car outside grand house

Over the last couple of years the pretty lame Office for Tax Simplification (OTS) has made a range of recommendations for the reform of capital gains tax and inheritance tax. On 30 November we finally learned of the government’s reaction. As the FT notes: The UK has shelved proposals to raise capital gains tax rates to […]