Richard Murphy

Japan is teaching us the lesson that without serious levels of inward migration we’re going to be in deep trouble What happens in a country that has insufficient inward migration and a massively declining birth rate (as many, including the UK, are now at risk of having)? The FT has the answer in the case of Japan...

Japan is teaching us the lesson that without serious levels of inward migration we’re going to be in deep trouble www.taxresearch.org.uk/Blog/2025/10...

Is it now game over for the Tories? This is another morning when I have to struggle with the question of whether comments made at the Conservative Party conference are worth noting here, and where I succumb to the temptation to do so pr...

Is it now game over for the Tories? www.taxresearch.org.uk/Blog/2025/10...

YouTube video by Richard J Murphy What if the UK admitted it uses MMT and turned that into its superpower?

What if the UK admitted it uses MMT and turned that into its superpower? youtu.be/ufst9cxbyZA?... What if the UK government admitted it already uses modern monetary theory? Would markets panic — or would we finally have the power to rebuild Britain?

Inequality is not falling The background The claim that inequality is falling is a claim that is often trotted out by right-wing commentators, backed by selective income statistics. It happened in a comment on this blog in t...

Right-wing politicians are claiming that inequality is falling in the UK based on a tiny change in one national statistic. This is not the case in reality. Inequality is rising. In this post, I explain why and what we can and should do about it.
www.taxresearch.org.uk/Blog/2025/10...

YouTube video by Richard J Murphy AI is killing the graduate job — now what?

AI is reshaping work faster than universities, employers, or governments can adapt.

In this intergenerational conversation, I talk with my son Tom about how artificial intelligence has destroyed the old promise: work hard, get good grades, and you’ll get a good job.

youtu.be/tKw-U_fMHbs?...

Progress towards a police state As the FT notes this morning: Donald Trump has threatened to invoke the Insurrection Act of 1807 to deploy troops to American cities, intensifying a stand-off with Democratic-led states resisting his ...

Progress towards a police state www.taxresearch.org.uk/Blog/2025/10... The US is heading for civil war unless Trump suddenly changes trajectory. How far behind are we in the creation of a police state?

YouTube video by Richard J Murphy What happens when £47 billion disappears from Britain’s economy?

What happens when £47 billion disappears from Britain’s economy? youtu.be/tFwmfxMP1hs?...

Tory Shadow Chancellor Mel Stride wants to take £47 billion out of the UK economy — mostly by cutting benefits for migrants and those with mental ill health. That isn’t prudence. It’s managed decline.

YouTube video by Richard J Murphy Tory plans to cut aid are racism in action

Tory Mel Stride wants to slash the UK’s overseas aid to 0.1% of national income. That’s not just cruel, it’s racism dressed up as fiscal prudence.

Cutting aid means condemning millions to poverty, fuelling migration, and destroying economic stability.

youtu.be/eOzRnwaxFjM?...

Richard Murphy: How long until support for independence is made a terrorist offence? THERE are moments when I would dearly love to return to writing about the Scottish economy in more detail, exploring how it works and how it might…

Richard Murphy: How long until support for independence is made a terrorist offence? www.thenational.scot/politics/255...

YouTube video by Richard J Murphy Britain isn't in a debt doom loop, whatever some people say.

The Economist has claimed Britain is trapped in a “debt doom loop.” But they’re wrong. The UK does not face a government debt crisis. What we really face is chronic underinvestment, inequality, and an elite media pushing austerity to protect the wealthy.
youtu.be/myNUVF_Kl7o?...

YouTube video by Richard J Murphy Why do we have so much stuff but don't meet needs?

Why do we have so much stuff but don't meet needs? youtu.be/sPMKp1MkAiA?...
John Kenneth Galbraith’s The Affluent Society asked a question that still matters: how can we live with private luxury alongside public squalor?

YouTube video by Richard J Murphy What is fascism really about?

Fascism is an ideology that divides humanity into “superior” and “inferior” groups — with catastrophic consequences. In this video, I explain what fascism really means, why its essence is exclusion, and why true democracy depends on equality and respect for all. youtu.be/H7pjd_G3088?...

YouTube video by Richard J Murphy Reform means broken councils — and broken lives

Reform means broken councils — and broken lives youtu.be/JfK4u0DO_l4?...

YouTube video by Richard J Murphy What Trump’s new order on domestic terrorism really means for America

Trump’s new order on domestic terrorism really means fascism has arrived in the USA youtu.be/hKvBzvVYlKw?...

Will it be women who fight tyranny? I did an interview with New York–based finance podcast host Jack Farley yesterday. He had done his research, and the discussion was good. I will share it here when the video and podcast are released. ...

Will it be women who fight tyranny? www.taxresearch.org.uk/Blog/2025/10...

Fascism, Trump, Reform, and the silencing of dissent Chris Hedges, the noted anti-fascist campaigner in the USA,  has recently pointed out that fascists are unusually candid. They tell you what they are going to do. The problem is not that they hide the...

Criticising Trump was deemed to be a terrorist act in the USA last week. Reform is now trying the same approach here, accusing Starmer of inciting terrorism for criticising Farage. In both cases, the direction of travel is towards full-on fascism. www.taxresearch.org.uk/Blog/2025/10...

YouTube video by Richard J Murphy Why do all political parties sound the same now?

Why do all political parties sound the same now? youtu.be/ba2PF_bR4yQ?...

YouTube video by Richard J Murphy Nigel Farage's Reform Party isn’t democratic—and that should worry you

Nigel Farage's Reform Party isn’t democratic—and that should worry you youtu.be/QAL_mADPVnk?... Nigel Farage's Reform Party isn’t democratic—and that should worry you

Starmer and the terror that might yet come Keir Starmer said in his Labour conference speech that the threat from Reform was, as far as the UK is concerned, as great as the challenge of rebuilding after World War II ever was, and that to rebui...

Starmer talked gibberish about the threat from Reform, which he totally misanalysed, to a bunch of flag-waving idiots, otherwise called Cabinet Ministers, at the Labour Party conference today. We have to hope his days are numbered. www.taxresearch.org.uk/Blog/2025/09...

UK economy grew faster than thought in first six months of Labour government – business live Rolling coverage of the latest economic and financial news, as Office for National Statistics releases newly updated GDP data

So, GDP has been very slightly restated. Does anyone feel better as a result? No? I thought not.

www.theguardian.com/business/liv...

YouTube video by Richard J Murphy The ten commandments of a just economy

Our economy isn’t working. If we want a sustainable society, we need a new moral code for the economy.

In this video, I set out ten commandments for a just economy.

youtu.be/3vSz_RkUQZU?...

Labour: racist, immoral and likely to tear the country apart Yesterday, Keir Starmer described Reform's policy on the right to indefinite leave to remain (ILR) in the UK as “racist”, “immoral” and likely to “tear the country apart” by stripping ILR from people ...

Labour is now saying Reform is racist, abusive and utterly immoral. But so too is Labour planning to be on the rights of those with indefinite leave to stay in the UK. We do not need to choose one over the other. We need to reject both. it. www.taxresearch.org.uk/Blog/2025/09...

YouTube video by Richard J Murphy Starmer’s ID card plan: should Britain say yes?

Keir Starmer has reopened the debate on national identity cards. Supporters say they could make public services, voting, and security simpler. Critics warn of surveillance, discrimination, and exclusion. Are ID cards about freedom—or about state control? youtu.be/AI8cyjfNAfc?...

We are on the path to change now. The only choice is to where we’re headed. The FT has done some fascinating analysis of Keir Starmer's speeches over the last few years. What they found was: The single word “change” — Labour’s monosyllabic campaign slogan deployed extensivel...

We are on the path to change now. The only choice is to where we’re headed. www.taxresearch.org.uk/Blog/2025/09... Whatever happens now, change is inevitable

Burnham v Starmer: it’s not hard to decide The Guardian's editorial today begins with a long evisceration of Keir Starmer and his caution, before noting: Andy Burnham, sketching a different course. His “Manchesterism” sees national control of...

Burnham v Starmer: it’s not hard to decide www.taxresearch.org.uk/Blog/2025/09...

Farage, the cave, and pushing the Overton window aside This post arose out of a conversation between Jacqueline, my wife, and me yesterday, although the idea had been bouncing around for a few days before.. The allegory of Plato’s cave probably needs l...

Farage is keeping us prisoners in his Platonic cage with the nonsense he talks, which the media lets set the political agenda. We need to break the chains and go outside to find the light. www.taxresearch.org.uk/Blog/2025/09...

YouTube video by Richard J Murphy Free speech is under attack in the USA and UK, putting you at risk

Free speech is the foundation of democracy. Without the right to disagree, there is no freedom at all. But Trump threatens dissenters, comedians are suspended, and protesters are labelled extremists. In the UK, Palestine Action supporters face trial for holding placards.
youtu.be/2SR3ae0qLDw?...

Andy Burnham says it’s time for the UK to stop being in hock to the bond markets. The City is in uproar, but who really calls the shots in Britain—the government we elect, or unelected financiers? youtu.be/E1oOQ0EOPhY?...

YouTube video by Richard J Murphy Markets are begging for more government bonds

We’re told that government debt is spiralling out of control. Commentators scream “fiscal crisis!” But it isn't. High government debt is a sign of trust. People are desperate for the safety that only the government can provide. Debt is not a danger—it’s a deposit facility.
youtu.be/hT8l89Su8kk?...

YouTube video by Richard J Murphy Farage's tax plans will make you poorer

Farage's tax plans will make you poorer youtu.be/0xbIJRorVjc?...