Richard Murphy on tax, accounting and political economy

16

Austerity and interest increases are not in any way required by inflation. If they happen they are the politics of upwards redistribution of wealth.

Posted on October 24 2021

Inflation is a concept most people are now unfamiliar with. Unless you were economically active 30 or more years ago you simply have not experienced
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13

Retail sales are falling. Covid is returning. Recession is coming. What we do not need are austerity and interest rate rises. What we do need is a Green New Deal.

Posted on October 22 2021

As the ONS has reported this morning UK retail sales have fallen for the fifth month in a row this morning: I have five thoughts.
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18

The dead hand of German monetary policy is now to be found at the Bank of England – and that’s a threat to us all

Posted on October 22 2021

I have already mentioned the interview that Huw Pill, the new chief economist to the Bank of England, has given to the FT once this
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5

The Bank of England is talking interest rate rises to encourage the Chancellor to deliver austerity. Call it a plot against the ordinary people of the UK, if you like because that’s what it is.

Posted on October 22 2021

As the FT is breathlessly reporting this morning: UK inflation is likely to rise “close to or even slightly above 5 per cent” early next
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16

The new NS&I green bond is priced to fail by a government that really does not want to tackle climate change

Posted on October 22 2021

As many readers here will know, I have been arguing that savings should be redirected to fund the costs of climate transition for some time.
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28

The era of Enlightenment is most definitely under threat. Maybe it is drawing to a close. A very Dark Age is starting.

Posted on October 21 2021

Two stories in the Guardian grabbed my attention this morning. One is a report on Sajid Javid’s car crash interview on Covid yesterday. Twitter was
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13

This government is creating harm and stoking fear. Why are we tolerating that? For how long will we do so?

Posted on October 21 2021

The government is refusing to act on Covid. By doing so it is exacerbating a crisis that is increasing rapidly. This tweet from the editor
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27

Doctors are fighting back against populism – and so should others

Posted on October 21 2021

It seems to me that this statement from the British Medical Association, issued yesterday, is worth sharing in full: The political significance of this can’t
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26

The Bank of England is hatching a not very cunning plan to make the economy very much worse in 2022

Posted on October 20 2021

As the FT has reported this morning, the Bank of England is not just planning interest rate rises – very soon – it is also
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