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Richard Murphy on tax, accounting and political economy

16
The Office for Budget Responsibility forecasts for the economy are massively flawed – because they assume behaviour totally different from what happened after 2008

Posted on November 25 2020

For me the most important chart in any economic forecast is that on the sectoral balances. This says who is going to save, and who
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9
Why no one gets economic data

Posted on November 25 2020

This is why no one gets economic data. This is just published by the Office for Budget Responsibility: Give us the numbers – not percentages.
Read the full article…

10
Will the freedom from fear end any time soon? I doubt it

Posted on November 25 2020

The world is obsessed by quantitative easing and borrowing. But it is a simple accounting fact that for every borrower their must be a saver.
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16
People don’t understand economic data – and that’s very much the fault of the Office for National Statistics

Posted on November 25 2020

The Financial Times has reported this morning that: British people “lack a basic understanding” of economic statistics such as unemployment or the government’s deficit, and
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25
The government knows we’re heading for a social, medical and economic crisis – and is going to let it happen. Never forgive and never forget that is my advice

Posted on November 25 2020

As the Guardian reports this morning: The government has privately admitted the UK faces an increased likelihood of “systemic economic crisis” as it completes its
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13
Rishi Sunak: a failure in the making

Posted on November 25 2020

The Guardian’s morning briefing  includes this paragraph today: The chancellor’s second mini-budget of the pandemic will lay bare the government’s fears over the long-lasting impact
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9
We can have a Green New Deal, Rishi Sunak

Posted on November 25 2020

My Green New Deal colleague Colin Hines had this letter in the Guardian overnight: Your editorial (23 November) highlights how Rishi Sunak is softening the country up
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