Richard Murphy
@richardjmurphy.bsky.social
Economic justice campaigner. Professor of Accounting Practice, Sheffield University. Former chartered accountant. Political economist. Opinions all my own.
Rachel Reeves says her budget delivers stability. The Office for Budget Responsibility's charts tell a very different story. High interest rates, low investment, falling profitability, rising unemployment and no improvement in household incomes.
youtu.be/oAN7e3-yryE?...
youtu.be/oAN7e3-yryE?...
Rachel Reeves’ budget: a tale of disaster hidden in the detail
YouTube video by Richard J Murphy
youtu.be
November 27, 2025 at 7:08 AM
Rachel Reeves says her budget delivers stability. The Office for Budget Responsibility's charts tell a very different story. High interest rates, low investment, falling profitability, rising unemployment and no improvement in household incomes.
youtu.be/oAN7e3-yryE?...
youtu.be/oAN7e3-yryE?...
Rachel Reeves’ 2025 Budget has already collapsed under the weight of its own contradictions. In this video, I explain why tax rises on ordinary people, baseless growth forecasts, and a refusal to tax wealth fairly mean this Budget will fail. youtu.be/xvdFsOT6WPk?...
Why Rachel Reeves just failed the British public
YouTube video by Richard J Murphy
youtu.be
November 26, 2025 at 4:16 PM
Rachel Reeves’ 2025 Budget has already collapsed under the weight of its own contradictions. In this video, I explain why tax rises on ordinary people, baseless growth forecasts, and a refusal to tax wealth fairly mean this Budget will fail. youtu.be/xvdFsOT6WPk?...
Why is so much of the left economically incompetent? www.taxresearch.org.uk/Blog/2025/11...
Why is so much of the left economically incompetent?
LabourList published an article last week under the headline “Bond markets explained: How in hock are we – and can we break free?”
The article began with a question that should trouble anyone who care...
www.taxresearch.org.uk
November 25, 2025 at 7:35 AM
Why is so much of the left economically incompetent? www.taxresearch.org.uk/Blog/2025/11...
In this podcast, I talk with John Christensen, co-founder of the Tax Justice Network, about whether Britain can escape the final stage of a decades-long inflationary cycle without social and political rupture.
youtu.be/5-DutvOB3QU?...
youtu.be/5-DutvOB3QU?...
Is Britain at the peak of a great financial wave?
YouTube video by Richard J Murphy
youtu.be
November 25, 2025 at 7:06 AM
In this podcast, I talk with John Christensen, co-founder of the Tax Justice Network, about whether Britain can escape the final stage of a decades-long inflationary cycle without social and political rupture.
youtu.be/5-DutvOB3QU?...
youtu.be/5-DutvOB3QU?...
Richard Murphy: What Scotland needs from the Budget (but won’t get) www.thenational.scot/politics/256...
Richard Murphy: What Scotland needs from the Budget (but won’t get)
There is one thing that can be said for sure about Rachel Reeves’s Budget on Wednesday and that is that there will be remarkably few references to…
www.thenational.scot
November 24, 2025 at 8:09 AM
Richard Murphy: What Scotland needs from the Budget (but won’t get) www.thenational.scot/politics/256...
The Alternative Budget 2025, Part 9: Essential economic reforms www.taxresearch.org.uk/Blog/2025/11... My alternative budget is drawing towards its close.
The Alternative Budget 2025, Part 9: Essential economic reforms
Rachel Reeves will be presenting her Budget on November 26, if the Labour government of which she is a part lasts that long.
I will be commenting on that Budget on the day on BBC Radio 2, and elsewhe...
www.taxresearch.org.uk
November 24, 2025 at 7:15 AM
The Alternative Budget 2025, Part 9: Essential economic reforms www.taxresearch.org.uk/Blog/2025/11... My alternative budget is drawing towards its close.
Ultra-processed foods now make up at least half of all food sold in UK supermarkets. The Lancet has described them as a “corporate-engineered public health crisis.”
We can change this — but only if we confront corporate power.
youtu.be/BJ8nEeiFmH4?...
We can change this — but only if we confront corporate power.
youtu.be/BJ8nEeiFmH4?...
How ultra-processed food became a corporate-engineered health crisis
YouTube video by Richard J Murphy
youtu.be
November 24, 2025 at 7:08 AM
Ultra-processed foods now make up at least half of all food sold in UK supermarkets. The Lancet has described them as a “corporate-engineered public health crisis.”
We can change this — but only if we confront corporate power.
youtu.be/BJ8nEeiFmH4?...
We can change this — but only if we confront corporate power.
youtu.be/BJ8nEeiFmH4?...
Britain’s oil, gas and finance curses www.taxresearch.org.uk/Blog/2025/11... Why is the UK failing? It's not because we are no good: it's because the government squandered oil and then bowed down to finance. We never had a hope once our governments put them first.
Britain’s oil, gas and finance curses
In 1993, the economist Richard Auty coined the term “resource curse” to describe the paradox that countries with abundant natural resources often grow more slowly and less equitably than those without...
www.taxresearch.org.uk
November 23, 2025 at 8:25 AM
Britain’s oil, gas and finance curses www.taxresearch.org.uk/Blog/2025/11... Why is the UK failing? It's not because we are no good: it's because the government squandered oil and then bowed down to finance. We never had a hope once our governments put them first.
A radical budget requires a radical tax reform, and getting rid of our regressive national insurance charges, which are an absurd tax on jobs when jobs are what we want to promote, makes sense in that case. www.taxresearch.org.uk/Blog/2025/11...
The Alternative Budget 2025, Part 8: Abolishing national insurance
Rachel Reeves will be presenting her Budget on November 26, if the Labour government of which she is a part lasts that long.
I will be commenting on that Budget on the day on BBC Radio 2, and elsewh...
www.taxresearch.org.uk
November 23, 2025 at 7:18 AM
A radical budget requires a radical tax reform, and getting rid of our regressive national insurance charges, which are an absurd tax on jobs when jobs are what we want to promote, makes sense in that case. www.taxresearch.org.uk/Blog/2025/11...
Politicians constantly claim that the government must “live within its means”, just like any family.
In this video, I explain why the household analogy is not only wrong — it is the foundation of austerity.
youtu.be/Q03GKwMxmAo?...
In this video, I explain why the household analogy is not only wrong — it is the foundation of austerity.
youtu.be/Q03GKwMxmAo?...
Why the government is nothing like a household
YouTube video by Richard J Murphy
youtu.be
November 23, 2025 at 7:07 AM
Politicians constantly claim that the government must “live within its means”, just like any family.
In this video, I explain why the household analogy is not only wrong — it is the foundation of austerity.
youtu.be/Q03GKwMxmAo?...
In this video, I explain why the household analogy is not only wrong — it is the foundation of austerity.
youtu.be/Q03GKwMxmAo?...
The Alternative Budget 2025, Part 7: The politics of care www.taxresearch.org.uk/Blog/2025/11... Governments have not cared about people for far too long. In my draft alternative Budget, I would change that, for good. Politics is nothing if it is not about care.
The Alternative Budget 2025, Part 7: The politics of care
Rachel Reeves will be presenting her Budget on November 26, if the Labour government of which she is a part lasts that long.
I will be commenting on that Budget on the day on BBC Radio 2, and elsewh...
www.taxresearch.org.uk
November 22, 2025 at 7:37 AM
The Alternative Budget 2025, Part 7: The politics of care www.taxresearch.org.uk/Blog/2025/11... Governments have not cared about people for far too long. In my draft alternative Budget, I would change that, for good. Politics is nothing if it is not about care.
For forty years, we were told that Britain didn’t need manufacturing — finance would make us rich. That experiment failed. We import more than we export, our towns are hollowed out, and our prosperity rests on hot money and property bubbles rather than what we make..
youtu.be/mOqUoJ-NirM?...
youtu.be/mOqUoJ-NirM?...
Why Britain no longer makes things — and how we rebuild
YouTube video by Richard J Murphy
youtu.be
November 22, 2025 at 7:17 AM
For forty years, we were told that Britain didn’t need manufacturing — finance would make us rich. That experiment failed. We import more than we export, our towns are hollowed out, and our prosperity rests on hot money and property bubbles rather than what we make..
youtu.be/mOqUoJ-NirM?...
youtu.be/mOqUoJ-NirM?...
In the sixth part of my alternative budget, I tackle essential reforms in the mortgage market and social housing. When housing insecurity exists all around us, whilst prices are excessive on so many fronts, housing market and finance reforms are essential. www.taxresearch.org.uk/Blog/2025/11...
The Alternative Budget 2025, Part 6: Addressing issues in housing
Rachel Reeves will be presenting her Budget on November 26, if the Labour government of which she is a part lasts that long.
I will be commenting on that Budget on the day on BBC Radio 2, and elsewhe...
www.taxresearch.org.uk
November 21, 2025 at 7:16 AM
In the sixth part of my alternative budget, I tackle essential reforms in the mortgage market and social housing. When housing insecurity exists all around us, whilst prices are excessive on so many fronts, housing market and finance reforms are essential. www.taxresearch.org.uk/Blog/2025/11...
Rachel Reeves is presenting a budget built on assumptions that simply cannot survive the world we are about to enter.
We're facing a financial crisis, and that is not in her plans.
youtu.be/O_6AdrMLWbw?...
We're facing a financial crisis, and that is not in her plans.
youtu.be/O_6AdrMLWbw?...
Why Rachel Reeves’s first budget cannot survive the coming financial meltdown
YouTube video by Richard J Murphy
youtu.be
November 21, 2025 at 7:12 AM
Rachel Reeves is presenting a budget built on assumptions that simply cannot survive the world we are about to enter.
We're facing a financial crisis, and that is not in her plans.
youtu.be/O_6AdrMLWbw?...
We're facing a financial crisis, and that is not in her plans.
youtu.be/O_6AdrMLWbw?...
The Alternative Budget 2025, Part 5: Reforming the UK’s Savings System www.taxresearch.org.uk/Blog/2025/11... The money to transform the UK exists; it's just locked into a savings system that makes no use of it. That has to change.
The Alternative Budget 2025, Part 5: Reforming the UK’s Savings System
Rachel Reeves will be presenting her Budget on November 26, if the Labour government of which she is a part lasts that long.
I will be commenting on that Budget on the day on BBC Radio 2, and elsewh...
www.taxresearch.org.uk
November 20, 2025 at 7:14 AM
The Alternative Budget 2025, Part 5: Reforming the UK’s Savings System www.taxresearch.org.uk/Blog/2025/11... The money to transform the UK exists; it's just locked into a savings system that makes no use of it. That has to change.
Across the West, governments are failing. Trump, Starmer, Macron, Merz and others are losing authority at the very moment crises demand leadership. Far-right movements are fracturing. Neoliberalism has run out of ideas.
youtu.be/8avLxqNs75s?...
youtu.be/8avLxqNs75s?...
Why governments across the West are collapsing
YouTube video by Richard J Murphy
youtu.be
November 20, 2025 at 7:08 AM
Across the West, governments are failing. Trump, Starmer, Macron, Merz and others are losing authority at the very moment crises demand leadership. Far-right movements are fracturing. Neoliberalism has run out of ideas.
youtu.be/8avLxqNs75s?...
youtu.be/8avLxqNs75s?...
Financial markets across the world are flashing red.
The S&P 500 has finally turned down after weeks of irrational optimism. The FTSE 100 is sliding. Gold is falling. Bitcoin is collapsing.
Are we ready for the consequences? I’m not sure we are.
youtu.be/Pq4-jy84Dkw?...
The S&P 500 has finally turned down after weeks of irrational optimism. The FTSE 100 is sliding. Gold is falling. Bitcoin is collapsing.
Are we ready for the consequences? I’m not sure we are.
youtu.be/Pq4-jy84Dkw?...
Is the market crash already starting?
YouTube video by Richard J Murphy
youtu.be
November 19, 2025 at 7:09 AM
Financial markets across the world are flashing red.
The S&P 500 has finally turned down after weeks of irrational optimism. The FTSE 100 is sliding. Gold is falling. Bitcoin is collapsing.
Are we ready for the consequences? I’m not sure we are.
youtu.be/Pq4-jy84Dkw?...
The S&P 500 has finally turned down after weeks of irrational optimism. The FTSE 100 is sliding. Gold is falling. Bitcoin is collapsing.
Are we ready for the consequences? I’m not sure we are.
youtu.be/Pq4-jy84Dkw?...
The Alternative Budget 2025, Part 3: Creating a new fiscal framework www.taxresearch.org.uk/Blog/2025/11...
The Alternative Budget 2025, Part 3: Creating a new fiscal framework
Rachel Reeves will be presenting her Budget on November 26, if the Labour government of which she is a part lasts that long.
I will be commenting on that Budget on the day on BBC Radio 2, and elsewh...
www.taxresearch.org.uk
November 18, 2025 at 7:12 AM
The Alternative Budget 2025, Part 3: Creating a new fiscal framework www.taxresearch.org.uk/Blog/2025/11...
What does profit really mean, and why do we get it wrong? youtu.be/3OY8YxqUB3I?... Profit can be good if it serves society. But when profit becomes the only goal, trust collapses, workers suffer, and the planet pays the price.
What does profit really mean, and why do we get it wrong?
YouTube video by Richard J Murphy
youtu.be
November 18, 2025 at 7:05 AM
What does profit really mean, and why do we get it wrong? youtu.be/3OY8YxqUB3I?... Profit can be good if it serves society. But when profit becomes the only goal, trust collapses, workers suffer, and the planet pays the price.
Richard Murphy: Should we believe in fairies or a credible Budget from Rachel Reeves? www.thenational.scot/politics/256...
Richard Murphy: Should we believe in fairies or a credible Budget from Rachel Reeves?
A QUESTION came up in a conversation I had late last week. The person
www.thenational.scot
November 17, 2025 at 2:12 PM
Richard Murphy: Should we believe in fairies or a credible Budget from Rachel Reeves? www.thenational.scot/politics/256...
The Alternative Budget 2025, Part 2: Understanding tax and ‘borrowing’ www.taxresearch.org.uk/Blog/2025/11...
The Alternative Budget 2025, Part 2: Understanding tax and ‘borrowing’
Rachel Reeves will be presenting her Budget on November 26, if the Labour government of which she is a part lasts that long.
I will be commenting on that Budget on the day on BBC Radio 2, and elsewh...
www.taxresearch.org.uk
November 17, 2025 at 7:16 AM
The Alternative Budget 2025, Part 2: Understanding tax and ‘borrowing’ www.taxresearch.org.uk/Blog/2025/11...
Why top-tier professionals resist change – and why it matters youtu.be/qi6ypRt3ekw?...
Why top-tier professionals resist change – and why it matters
YouTube video by Richard J Murphy
youtu.be
November 17, 2025 at 7:07 AM
Why top-tier professionals resist change – and why it matters youtu.be/qi6ypRt3ekw?...
Rachel Reeves has already made a complete mess of her Budget, so I thought I should offer an alternative. This is the first part. There are several more to come. When the country's economy is failing, it's time to be radical. Nothing less will do. www.taxresearch.org.uk/Blog/2025/11...
The Alternative Budget 2025 – The Background
Rachel Reeves will be presenting her Budget on November 26, if the Labour government of which she is a part lasts that long.
I will be commenting on that Budget on the day on BBC Radio 2, and elsewh...
www.taxresearch.org.uk
November 16, 2025 at 7:45 AM
Rachel Reeves has already made a complete mess of her Budget, so I thought I should offer an alternative. This is the first part. There are several more to come. When the country's economy is failing, it's time to be radical. Nothing less will do. www.taxresearch.org.uk/Blog/2025/11...
I have this morning published my guide to AI (artificial intelligence) and how it might be used by someone who wishes to campaign for a better world in which we all might live. It's a free download. Give it a go.
www.taxresearch.org.uk/Blog/2025/11...
www.taxresearch.org.uk/Blog/2025/11...
November 16, 2025 at 7:16 AM
I have this morning published my guide to AI (artificial intelligence) and how it might be used by someone who wishes to campaign for a better world in which we all might live. It's a free download. Give it a go.
www.taxresearch.org.uk/Blog/2025/11...
www.taxresearch.org.uk/Blog/2025/11...
Why money isn’t our limit — but political courage is youtu.be/8LyKv8veLCc?...
Why money isn’t our limit — but political courage is
YouTube video by Richard J Murphy
youtu.be
November 16, 2025 at 7:09 AM
Why money isn’t our limit — but political courage is youtu.be/8LyKv8veLCc?...