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Richard Murphy on tax, accounting and political economy

14
I very much doubt that the Chief Secretary to the Treasury reported the correct cost of a 1% interest rise to the government this morning

Posted on January 31 2022

I have posted this thread to Twitter: Simon Clarke MP, who is Chief Secretary to the Treasury claimed in several broadcast interviews this morning that
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1
How good are economists at forecasting interest rates? Lousy, might be a kind description

Posted on January 31 2022

This chart comes from the FT. What it charts are interest rate forecasts for coming periods as price ed by markets and actual interest rates.
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12
Why we do not need to pay for Covid, because we already have

Posted on January 31 2022

It seems worth sharing this again today. The data is a little out of date. The ideas are not.

13
This morning

Posted on January 31 2022

If anyone is wondering why there are no blogs so far today the answer is straightforward. I heard yet another government minister telling a journalist
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24
Johnson and the Tories have gone too far

Posted on January 30 2022

Something very strange happened yesterday. It began when I wrote a Twitter thread when I had no plan to do so. I had promised myself
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28
We need a Great Reform

Posted on January 29 2022

I have posted this thread on Twitter this morning: We witnessed an attempted coup this week. A prime minister who has very obviously broken the
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27
The mood changed yesterday. We no longer need a change of government. We need a whole revamp to our system of government so that this cannot happen again

Posted on January 29 2022

My mood changed yesterday. My Twitter comment reflect the fact. Begin with this:: That gave way to this sentiment: That then lead to this feeling:
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38
Bad as QE was, unwinding it rapidly could be worse

Posted on January 28 2022

The Office for Budget Responsibility published this commentary this week: This needs to be out in the context of its borrowing forecasts made last October:
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2
If we want to protect people in this country from Covid then we have to also protect the world. It really is that simple. 

Posted on January 28 2022

This letter was sent to the Prime Minister by more than 200 academics, scientists and specialists yesterday. I think it worth reproducing in full (exporting
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