I am unashamedly quoting from the comments made by Nicholas (Lord) Stern noted in the Guardian this morning. As they record: Many economic assessments of
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It’s time for a stimulus – not cuts
I was one of about 90 signatories to this letter issued last week. As with all these things, I don’t agree with every word, but
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We don’t need to tax the rich more to save the least well off money: we need to tax the rich fairly because we don’t right now
The Guardian reports this morning that: A group of 30 UK millionaires have called on the chancellor to tax them and other rich people more
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This week Sunak will give his fantasy budget. He’ll be back at the Dispatch Box very soon to give the real one that recognises the Covid crisis we’re in, again
I will be doing the Budget commentary on Radio 2 on Wednesday this week, beginning at about 13.30 on wherever you usually listen to Jeremy
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Walking
Cattle walking the river bank against a very East Anglian sky at the Wetlands and Wildlife Trust Welney reserve this afternoon. The marsh harriers were
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Austerity and interest increases are not in any way required by inflation. If they happen they are the politics of upwards redistribution of wealth.
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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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.
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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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
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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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.
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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Richard Murphy
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