These charts are in the Office for Budget Responsibility forecasts that support the budget: Interesting that bank rate is going up by much less than
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None of Rishi Sunak’s assumptions on what’s going to happen in the economy look credible: brace yourself for the recession to come
For those of an economic persuasion, the Office for Budget Responsibility provides a single table in its Budget documentation that summarises the assumptions that they
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At a macroeconomic level, this budget is built on make believe by a Chancellor out of touch with reality
There is one chart, above all others, in those produced by the Office for Budget Responsibility that really reveals the assumptions that have been made
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The problem with water companies – and how to solve it
I was asked yesterday by a friend who is an accountant what I thought about the problems in water companies. This was my reply: What
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Sunak’s badly misread the cards he’s been dealt. We’re not entering an era of optimism, at least with this government in charge
This is going to be a weird Budget Day. After seven days of pre-Budget announcements from the Treasury Politico has summarised the announcements made: HMT
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The New Economics Foundation talks fiscal rules within the context of MMT – even if they aren’t saying so – and the result is really good
The New Economics Foundation has issued a new report today: The title really undersells this. I rarely unambiguously say something needs reading: I do say that
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People really do give a shit
Politics always has the ability to surprise, but some things are constant. As everyone who has ever stood to be a councillor tells me, dog
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There is a pot of £37 billion within the government’s accounts that is available to meet the cost of paying old age pension increases in accordance with the triple lock. So why is the government refusing to honour its commitment to older people?
It seems to be little known that there is a thing called the National Insurance Fund within UK government accounts. This is what the accounts
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The truth about money – in the House of Lords
My old tax justice friend Prof Prem Sikka is now the Noble Lord Sikka, having been sent to the Lords by Jeremy Corbyn. Last week
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Richard Murphy
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