Author: Richard Murphy

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

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 […]

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 […]