Why the UK budget system is broken — and how to fix it
Monday, December 1st, 2025Rachel Reeves just gave us a masterclass in how NOT to run a budget. We got leaks, U-turns, political theatre, but almost no real economic
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What do the Marxist opponents of MMT want?
Sunday, November 30th, 2025Grace Blakeley has responded to my suggestion that she is wrong about modern monetary theory (MMT), saying: Thanks Richard – this confirms my assumption that
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MMT matters because it reveals power – and gives us back the right to choose
Sunday, November 30th, 2025I think modern monetary theory (MMT) matters. That is not because it is perfect, because no theory is. Instead, it is because it explains something
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Questions to ask a left-wing critic of MMT
Sunday, November 30th, 2025Some on the Marxist left of politics, including those of that persuasion who have now entered the Greens in England and Wales with the clear
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Why Grace Blakeley is wrong about MMT — and why that matters for the left
Sunday, November 30th, 2025Grace Blakeley has replied to what I wrote about why parts of the left oppose modern monetary theory. In doing so, she has reinforced every
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Why do we still have poverty?
Sunday, November 30th, 2025Why does poverty still exist in one of the richest countries on earth? In this video, I respond to a claim made by Mark Littlewood
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Reeves' budget: built on fear?
Saturday, November 29th, 2025Rachel Reeves’ Budget was a damp squib, delivering austerity by stealth. There was no vision, and no investment. There was just fear of the City
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Is MMT as dangerous as its opponents claim?
Friday, November 28th, 2025“Modern monetary theory (MMT) is dangerous nonsense.” That line, or something very close to it, is now appearing with weary regularity from left-wing economists and
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Rachel Reeves is a truly reactionary Chancellor
Friday, November 28th, 2025Rachel Reeves’ Budget this week has several themes. She gave the City what it wanted. She spent almost nothing on anything that might add value
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