Richard Murphy and occasional friends talking about everything you need to know to understand the economy, tax, finance and how we fund our future.
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Keir Starmer would fail his own English test
7:51
7:51
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7:51Keir Starmer is demanding that migrants to the UK be fluent in English, but there is no evidence that he is.By Richard Murphy
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Voters need to take back control of the UK.
17:48
17:48
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17:48It is a travesty of justice that Labour had a landslide victory at last year's UK general election with the support of just 20% of the UK electorate. We need electoral reform, and we need it now.By Richard Murphy
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Savings are persistently confused with investing in the UK. In reality, few savings create any real investment in the UK, and that's why our investment rates and economic performance are so poor.By Richard Murphy
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Farage's political track record is poor. The moment anyone tries to hold him to account, he runs a mile. How long will it be before Reform falls apart, because he and it will fall out?By Richard Murphy
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Trump's plans to control films that can be seen in the USA and what can be taught in US universities are all about full-on thought control - a classic fascist propaganda aim.By Richard Murphy
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Are the UK's universities failing financially?
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11:20
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11:2040% of the UK's universities are now running deficits. Next year, it is expected that 75% will. How long is it before some begin to go bust as a result of UK government policy?By Richard Murphy
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Labour ministers admit that Downing Street is so controlling that they can do nothing to manage the country. How long can it last in that case?By Richard Murphy
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Who is exploiting us? Large companies, banks, and landlords are, and not the people our politicians love to blame.By Richard Murphy
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Neoliberal economics is a work of fiction
14:41
14:41
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14:41Neoliberalism has dominated economics and politics for 45 years, despite being based on nothing more than myths, falsehoods, and fantasies that should have discredited the cult promoting it long ago.By Richard Murphy
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The world has national debt of more than $100 trillion - and the income from that goes to the world's wealthiest people more than anyone else.By Richard Murphy
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Young people, most especially, are struggling to find reasons for hope in the world neoliberal politics has created, and who can blame them?By Richard Murphy
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Labour's been knocked for six. The Tories face oblivion. And Reform are threatening politics as we know it. Did Thursday represent a political earthquake?By Richard Murphy
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Despite the madness of Trump, the continuing reality of tariffs and an unsurprising fall in US GDP, stock markets have recovered their losses. This makes no sense at all. What is happening?By Richard Murphy
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Carney and Starmer are technocrats - stuck in the middle without ever realising there are clowns to the right of them, and no jokers, or anything else, to their left.By Richard Murphy
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Is the idea of central bank independence all a game of smoke and mirrors designed to funnel money in the direction of the City of London? It's a question that has to be asked.By Richard Murphy
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Issuing the world's reserve currency gives a country the advantage of not having to, in effect, pay for many of its imports. Trump has never understood that.By Richard Murphy
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Who cares what shares are worth? What economic news do we need on the hour, every hour, on things that matter in life?By Richard Murphy
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The world needs a liberal Pope. What happens in Rome over the next few weeks is part of the power play that is shaping the world we will live in.By Richard Murphy
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Keir Starmer is the UK's prime minister without ever understanding what the role demands, or that he has none of the required skills to undertake the task.By Richard Murphy
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We need to think about the world after Trump
6:34
6:34
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6:34Who is thinking about the world after Trump? We need to do that because Trump is a temporary phenomenon. But what will come after him?By Richard Murphy
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Why we shouldn't be silent in the face of evil
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3:44
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3:44However frightened we might be right now - and many people are justifiably so - we need to speak out to prevent evil from happening, by simply saying we care for each other, which is the opposite of everything Trump and those like him believe in.By Richard Murphy
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No President can turn in his economy as Trump has done and not send it into recession or even depression. The question is, how do we manage the chaos that follows from that?By Richard Murphy
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Why don't we punish people who break company law?
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9:52
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9:52Why doesn't the UK government care about the fact that UK company law is not enforced? What is the point of having law that they will not impose, at considerable cost to society?By Richard Murphy
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Banks are not your friend. They exist to exploit you, and they will whenever they can.By Richard Murphy
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Ignore Trump for a moment, and all the other calamities going on around the world. Climate change is still the biggest threat to us all, and we are in danger of ignoring it.By Richard Murphy
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The UK does not need a trade deal with Trump
6:26
6:26
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6:26According to Washington and London, a US/UK trade deal is coming soon. It is bound to represent a massive loss of freedom for the UK. It's the last thing we need.By Richard Murphy
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Will Trump invoke the Insurrection Act of 1807 to enforce his rule, via a militia if need be, ending democracy in the USA in the process? Shorts to followBy Richard Murphy
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Right around the world, economies face the risk of recession due to Trump's irresponsibility. We need interest rate cuts because of him, not because he wants them.By Richard Murphy
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Scared people do not spend. This is a fact of economic life. Once somebody is worried about their economic future, they begin to save, and that means Trump is heading the US into a recession.By Richard Murphy
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Trump has failed, but the world needs to carry on presuming that Trump is the biggest threat it has faced in generations, because a man who's failed in the way he has might turn to violence, and violence will not resolve anything.By Richard Murphy
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Labour has made a mess of managing British Steel. It had no strategy and no plan, and hadn't had the foresight to see the consequences of this. It is time it learned to govern.By Richard Murphy
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The UK government cannot go bust because it is the only organisation with the ultimate authority required to create the money that’s required to settle its debts. It really is time politicians understood that.By Richard Murphy
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As the recent egg crisis in the USA showed, world food supply chains are intensely vulnerable and prone to failure as they are dependent upon monocultures. What will happen if they do fail?By Richard Murphy
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People think money is real, mysterious and valuable. They still think gold is involved in the process. It’s actually nothing like that. It’s nothing more than numbers on bank statements.By Richard Murphy
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Why won't Rachel Reeves save £20 billion a year?
6:05
6:05
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6:05Rachel Reeves could cut the interest paid by the government to the UK’s commercial banks by up to £20bn a year. So why won’t she, when she says she is so short of money that those with disabilities must suffer?By Richard Murphy
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We have never witnessed an attempt to build a global empire by trade and economic war alone, ever before. Trump is trying it. How should the world respond?By Richard Murphy
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AI is a tool we can’t ignore. But it is also going to be deeply disruptive and help burn the planet, and so it should be taxed, heavily. Why is Rachel Reeves saying nothing about that?By Richard Murphy
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Once upon a time, tax havens hid billions from the view of the world’s tax authorities. Then they caused massive disruption. But now, their opacity has been shattered as far as tax authorities are concerned. They are no longer a pot of gold for a government to find.By Richard Murphy
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Trump fell out with almost all his senior staff in his first administration. He will this time, as well. So, what happens when he and Musk fall out?By Richard Murphy
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Time and again, we hear people saying that government debt must be repaid. They are fundamentally wrong. Repaying that debt would create economic nightmares.By Richard Murphy
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Neoliberalism has failed, but the Labour government is wedded to it. No wonder they’re so frightened. They realise that we might rumble that they, too, are a bunch of failures.By Richard Murphy
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By Richard Murphy
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I want to see the end of neoliberalism and everything it stands for because until we do, we won't live in a world where people matter.By Richard Murphy
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Donald, take note: tariffs only liberate the rich
4:28
4:28
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4:28Tariffs will not liberate the USA. Most people will be a lot worse off. Their taxes will have risen. So too will inflation. Yesterday was madness day.By Richard Murphy
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Advertising makes you unhappy with what you have, who you are and even who you are. That’s how it works. So, do we need to better regulate it?By Richard Murphy
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Growth is totally dependent upon people having enough money to spend. Without the redistribution of wealth in the UK, that is not going to happen.By Richard Murphy
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Trump appears random, haphazard and out of control. But that’s not true. The Tech Bros who stand behind him have a plan – and that is to preserve their wealth by destroying the power of the governments that might oppose them.By Richard Murphy
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One of the most difficult questions in politics right now is why Labour will not increase taxes on the wealthy. They could, and they should.By Richard Murphy
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Austerity is as close to political madness as any policy gets. What it guarantees is that things that could be done are not done, and that is bound to lead to political failure.By Richard Murphy
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