Author: Richard Murphy

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

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 […]

It’s as if the government want to open the floodgates to corruption

Richard Murphy

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 […]

Most of those who made catastrophic errors on Covid are still in charge, which does at least explain why so much is still going wrong.

Richard Murphy

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 […]

What can be done about tax havens? Part 1: the abuse of tax havens by multinational corporations

Richard Murphy

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 […]

The UK cannot afford Sunak: he is a massive threat to our well-being

Richard Murphy
Chancellor Rishi Sunak laughing

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 handwringing over the national debt and other nonsense

Richard Murphy

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 […]

Money, promises and how we could do things differently

Richard Murphy

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 […]