The Government Expenditure and Revenue Scotland (GERS) statement for the year to March 2020 has now been published. It would take a stronger will to
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The failure of Johnson’s government in one graph
This chart has been published by the Guardian this morning: It might be said to be the graphical presentation of failure. It’s hard to interpret
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What makes up the national debt? It’s a good question, precisely because there is no obvious answer
I have been looking at the thorny issue of what makes up the public sector net debt, excluding public sector banks, that was announced last
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Today is GERSday – the day when the Government Expenditure and Revenue Scotland statement is published
For the last few years I have been involved in debate on the quality of the Government Expenditure and Revenue Scotland statement. It is how
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How do banks create money?
Modern monetary theory highlights the important role of the government in creating money when it spends. That process makes sure our money has value. But
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Richard Murphy
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