Economic justice campaigner. Visiting Professor of Accounting, Sheffield University Management School. Chartered accountant. Co-founder of the Green New Deal.
Susanna Reid interviewed Boris Johnson on ITV yesterday morning. He had no answers to her questions on the recession we are now facing, but there are plenty available. The most telling question Reid asked was about what he would do to help a pensioner whose fuel bills appeared to have increased fivefold, swamping any increase […]
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 […]
There is an old truism that suggests that the Leader of the Conservatives always enjoys the total support of their party until, that is, the day that they do not. So the question is, has that day arrived for Johnson? April 21 was a miserable day for Johnson. William Wragg laid into him from the […]
It’s been reported that the Chancellor’s wife, Akshata Murthy, is not tax domiciled in the UK. This has been confirmed by a statement issued on her behalf. But I think the statement of facts issued by her is wrong. And I also suggest HMRC could challenge this claim. I need to report what a spokeswoman […]
There is a growing and numbing realisation of just how bad Sunak’s budget really was. Worse, he’s even now saying that there is nothing he can do about poverty. This is thread to explain why he’s failing and what we can do about it if we want to change our politics. If you want a […]
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 […]
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 […]
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 […]
I originally posted this rather long thread on Twitter. If you think it too long to read, the summary is that reversing QE could be the recipe for an absolute economic disaster. All the debt issues by the government to pay for Covid – about £450 billion of it – was in effect bought by the […]
“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 […]
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 […]
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 […]
No one of sound mind can, I think, work out the reasoning of Lord Geidt when deciding to very largely exonerate Boris Johnson of all charges relating to the funding of the refurbishment of the Downing Street flat in letters published yesterday. By refusing to reopen his original inquiry and by permitting himself to only […]
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 […]
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 […]
I have already noted this morning that Trump is looking as if he might return in the USA. I have also noted the UK government’s plans to turn a blind eye to corruption and the rule of law. [And has done so. Leadsom amendment passed. A dark day for democracy. Ed] I am not alone in desparing. Jessica Simor QC […]
As Politico reports this morning: As the prime minister returns to Westminster, the news is quickly moving on to a remarkable attempt by Downing Street to use its parliamentary majority at a vote this afternoon to overturn the 30-day suspension handed to scandal-hit Conservative MP Owen Paterson. No. 10 appears to be plotting to crush the independence […]
The House of Commons and Science and Technology Committee and Health and Social Care Committee have published their Report, Coronavirus: lessons learned to date, examining the initial UK response to the Covid pandemic. As the Committees report (and I reproduce this to give balance to what follows): Some initiatives were examples of global best practice, but […]
I was asked recently to explain the fundamental differences between the economics of the right, centre ground and left of politics. That seemed to be an invitation to do a thread, so here goes…… The big difference between the political right, centre ground and left in economic terms comes down to how they think markets […]
In the first four videos in this series on tax havens I have explored how they work, what they abuse, and why that abuse should worry anyone who is concerned for fair markets, the rule of law and democracy, all of which tax havens (or secrecy jurisdictions as I prefer to call them) actively seek to undermine. This then leads to the obvious question, which […]
There are widespread reports this morning that the Tories are planning at least a one per cent increase in national insurance to fund an increase in spending on the NHS of an equivalent amount. To describe a policy so poorly thought out as ill-conceived is to be overly polite. Let me point out some of […]
It was claimed in the Guardian yesterday that Rishi Sunak had written to the prime minister to ask for a relaxation in Covid travel regulations. He had. The populist in No 11 was trying to out-popularise the populist in No 10. You could not make up the scale of Covid recklessness on display when debate should be […]
The government gave some staff in the NHS a pay rise yesterday, and then said that the cost must come out of existing NHS budgets. It refused a pay rise to the police. It’s as if they’re saying there is a shortage of money. There isn’t. A thread’s needed to explain that….. Once upon a […]
This article is reproduced by kind permission of author Richard Murphy and is taken from his blog, Tax Research The idea that national insurance should pay for the increased cost of social care for the elderly is hideous. It reveals that the government does not know how tax works, how the economy functions, or how […]
We are very grateful to Richard Murphy for allowing us to reproduce his excellent series of threads on important economic issues. Not everyone is on Twitter, so this enables us to get great content to those beyond our bubble. We have just had another week when the media has obsessed about what they call the […]
We are very grateful to Richard Murphy for allowing us to reproduce his excellent series of threads on important economic issues. Not everyone is on Twitter, so this enables us to get great content to those beyond our bubble. I keep hearing people complain that the ‘mainstream media’ does not understand economics and that we’re […]