Funding the Future

The Bank of England made one terrible decision today, and hinted that it will make another the next time it meets.

The Richard J Murphy YouTube Channel And My View on … Business Richard J Murphy September 2026 _______________________ This post is part of an ongoing series in which I set out my views on significant issues in economics, political economy, politics, taxa…

Regular commentator Robert J made this observation with regard to the debate over the triple lock on pensions yesterday: In terms of communication, public understanding would benefit from widespread use of: 1.

Does creating more money cause inflation?

The Guardian has reported that: UK inflation has returned above 3% as soaring fuel and transport prices triggered by the Iran war heap renewed pressure on British households.

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The National newspaper in Scotland had an article on Monday in which I was featured, but which I did not write.

Robert Reich wrote this on his Substack a couple of days ago: There’s simply no legitimate use for crypto.

I was recently asked whether accounting provides a useful way to answer a question that has surrounded Bitcoin since its creation: is it really money?

THE RICHARD J MURPHY YOUTUBE CHANNEL DEBATE AMMUNITION Triple Lock: Why They're Attacking the Wrong Pension Subsidy Funding the Future | September 2026 Topic Critics from the FT, Resolution Foundation and Tony Blair Institute want to scrap the Triple Lock…

The old age pension triple lock is under attack again.

Alex Wickham, who is usually a reliable source of economic data and who is based at Bloomberg, has suggested that information he has received indicates that UK domestic energy prices will increase by at least 25% by early in the New Year.

The leaders of the SNP, Plaid Cymru and Sinn Féin signed this agreement yesterday: Since the text is a little small, I'll highlight two sections.

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On Saturday, I wrote a piece entitled What is labour was not a cost?

Interest rate markets are in turmoil.

A reader of this blog recently asked me a question that I suspect quite a few people have wondered about: How do you find the time for all this?

Martin Wolf has written in the Financial Times today about the difficult choices facing John Healey as he prepares for his October Budget.

In my opinion, if we want to understand government finances, the last people we should ask are businesspeople and the City of London.

What if one of the biggest problems with conventional economics is that it misunderstands human beings?

I published a post here yesterday that has attracted a lot of comments, not all of which I have been able to deal with as yet because many require detailed consideration that I could not do yesterday.

What is there to say about the announcement made yesterday that Reform has been given two donations of £36 million, or of £72 million in total, both coming from cryptocurrency billionaires?

Some things were not on my bingo card for yesterday.

As the New York Times reported last night: The chief executive of Anthropic, the company behind the Claude chatbot, called for a global slowdown of artificial intelligence development in a 3,800-word essay on Saturday, just days after one of the company’s…

John Kenneth Galbraith was one of the great economists of the twentieth century.

As The Guardian has noted this week: Artificial intelligence could kill off humanity within the decade, according to three researchers with the industry giant Anthropic, one of whom has quit his job in protest.

A very productive week has ended.

I have been thinking about something that is so obvious within conventional accounting that almost no one thinks to question it.

Inequality is about much more than the difference between what one person earns and another.

Another of my predictions is coming true.

There is an old story about a client who visits their accountant and asks, “What is two plus two?”

I was sent this picture last night.

Donald Trump has claimed that if the Republicans win the midterm elections, he will make every adult in America $5,000 better off.

The European Central Bank raised its base interest rate to 2.5% yesterday.

We need a revolution because nothing seems to be working as it should.

This is the FT's Brent oil price chart tonight: The price has hit $107 and is skyrocketing out of control again.

I wrote this infographic yesterday.

As The Telegraph has noted this morning: Andy Burnham has suggested that another Scottish independence referendum could be held if public opinion shows demand for it.

Compass, the think tank that claims to be non-party-based and left-of-centre, published a new 230-page report yesterday titled 'Ending Business as Usual: Policy Options for a Progressive Government'.

Several people have asked me where they can now watch the Finance Curse film, as I had in good faith suggested it would be available online after its first viewing, including via a streaming service, on 8 September.

Has capitalism failed?

I promised myself a week to write.

I think it’s only appropriate to give praise where praise is due, and it was yesterday to Ed Miliband and to Andy Burnham for letting him say what he did in the House of Commons on a new foreign policy approach to Israel.

I was asked if I could provide a glossary entry on what is called 'disorderly correction'.

I have said many times before that we are heading for a difficult autumn.