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Richard Murphy

RichardJMurphy

There is one very clear message from this week’s elections. It is that politically the UK is in a very confused state. This needs some discussion. A thread follows..... Scotland

We have just had another week when the media has obsessed about what they call the UK’s national debt. There has been wringing of hands. The handcart in which we

I keep hearing people complain that the ‘mainstream media’ does not understand economics and that we’re talked down to as if everything must be explained as if the economy is

There’s massive misunderstanding about what QE is and what it does. So please forgive a long thread on one of the most important tools used in modern economics, which if

There is an obsession that the national debt must be repaid. Assuming it is properly calculated (and I have real doubt about that) it’s coming on for £2,100 billion. Knowing

In the summer of 2015 Jeremy Corbyn used a pile of my ideas to help him become Labour leader. By spring 2016 his team were telling me they were sitting

It costs literally nothing to create the money to pay for free school meals. In our current economy it’s not paid out of tax, or borrowing. It’s created by the

We have to face the possibility that our government is planning economic destruction for its own political ends – which are the demise of the state as we know it

Rishi Sunak’s gov’t backed loan schemes mean that more than 1.2 million U.K. businesses - which may be more than 80% of all businesses - are laden with debt and

It’s GERS day again in Scotland. That’s the day when we go through the annual fiasco of Unionist gloating about accounting that literally does not add up that delivers economic

@afneil posted a series of comments on Twitter yesterday, all aimed at taunting the SNP on which currency it might use after independence. He hit a target by doing so.

It’s not coronavirus that’s going to cause the greatest damage to our economy in the next year. It’s fear that will do that. We’re frightened of unemployment. We’re frightened of