Funding the Future

My View on … Money 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, taxation, and accounting.

YouGov published a new poll yesterday through the relatively new online space that is called The New World.

Andy Burnham indisputably proved that he has mastered the art of making a party conference speech yesterday.

In 1988, I joined an organisation called Charter 88.

Could Britain really need another IMF bailout?

The madness of raising interest rates to tackle inflation caused by the war in the Gulf continues worldwide.

As I say on fiscal rules in the glossary to this blog: Fiscal rules are targets set by governments to limit borrowing, debt, or deficits over time.

Neoliberalism promised us prosperity, security and freedom through markets.

Martin Wolf used his FT column this morning to demand that Labour increase taxes in this country.

According to the FT, UK Chancellor of the Exchequer John Healey will claim today that, and I quote, "Britain is about to enter “a new age of industrialisation” as he confirms a £6 billion plan to build three new floating docks at the Royal Navy submarine…

I watched Laura Kuenssberg’s interview with Andy Burnham before the Labour Party conference started yesterday.

Why should money earn interest simply because somebody owns it?

I have a new podcast out with Prof.

I said I would go birdwatching yesterday.

Politicians and economic commentators constantly talk about “taxpayers’ money”.

The FT has this headline this morning: The claim is then made that: [The] S&P Global’s Purchasing Managers’ Index on Wednesday, ... surprised Wall Street by showing business activity in September accelerating at the fastest pace in five years.

As The Guardian and every other newspaper in the UK, and many other countries around the world, have reported this morning: Manchester City have been found guilty of the vast majority of more than a hundred charges related to breaches of the Premier Leagu…

I have this letter in The Guardian this morning: Gaby Hinsliff claims that “Every serious party needs billions of pounds to fund their promises, and everyone knows there’s an obvious place to find the money, but nobody wants to be the first to say so.

What is a market?

The Financial Times has reported that billionaire Peter Hargreaves, co-founder of Hargreaves Lansdown, has warned against increasing taxes on wealthy people because, he says, Britain cannot afford to lose more of its biggest taxpayers.

I noted over this summer that we appeared to be having a traffic downturn on this blog and elsewhere.

The poll I put up here yesterday on proposed changes to the UK state old-age pension suggested by a think tank linked to Reform was not too popular with readers here: Interestingly, a broadly similar result was found amongst my Substack readers, although…

Is the UK facing a government debt interest crisis?

The Guardian newspaper reported this week that: A thinktank linked to Reform UK has called for the abolition of the state pension and £75bn worth of sweeping tax cuts in a “radical” report likely to influence the party’s platform for the next election.

This post is part of an ongoing series in which I set out my views on significant issues in economics, political economy, politics, taxation, and accounting.

There is a saying, attributed to Einstein but probably apocryphally, that keeping on doing something and hoping that you get a better outcome next time is a sign of madness.

A commentator on this blog asked me what the Ways and Means Account was yesterday.

Workers in Britain and the United States are getting a smaller share of national income than they did decades ago.

According to a report in the Financial Times this morning: Global banking executives have warned that they will divert investment away from the UK if taxes on the sector are raised, telling Andy Burnham’s government that it risks further damaging London’s…

I was writing a 'View On' article on markets yesterday morning and discovered there was no glossary entry for monopoly, although there was for oligopoly.

In a video Paul Krugman published on his Substack yesterday, which I recommend subscribing to, although I by no means agree with everything he says, he argues that cryptocurrency has largely failed as an economic innovation but has succeeded spectacularly…

Donald Trump was at the UN yesterday.

British politics is increasingly becoming a politics of blame.

In August, I mentioned that The National, for whom I write a regular column, had a sale on.

I am often asked to post the infographics separately, so I will: And: How to expand this image Press CTRL or Command and the Plus (+) key on your keyboard to zoom in.

Every morning starts, for me, with a review of the many overnight emails that I receive, most of them from news organisations.

Modern monetary theory, or MMT, is frequently attacked for supposedly saying that governments can print unlimited amounts of money, ignore inflation, abandon taxation, accumulate endless debt and destroy the value of their currency.

I really enjoyed attending this festival this year.

I wrote yesterday's post on the need for a new approach to national security and resilience with what I admit was a growing sense of dismay.

This is in a Telegraph email this morning.

What is a business?

Summary I began a discussion yesterday about what this year's Budget should consider.

I had a conversation yesterday about the career plans of a young woman of my acquaintance.

In this podcast, I talk with my old friend and Tax Justice Network co-founder John Christensen about something economics rarely discusses, which is who controls our attention?

Heather Cox Richardson, in her Letter from an AMerican on Substack, which I recommend subscribing to, said over night: According to the American Automobile Association, diesel hit its highest recorded average price today at just above $6.44 per gallon.

I said I would visit an RNLI station yesterday.

I appreciated that there was discussion on the BBC - and other channels - yesterday about the possibility that our supposed Head of State might be lying about what happened after the death of Diana, Princess of Wales.

Who really creates wealth in our economy?

The Guardian reported yesterday that: A lifeboat station on the south coast of England near the spot where far-right activists tried to stop asylum seekers landing has been forced to temporarily close, it has emerged.

The Bank of England has held interest rates at 3.75%, but three members of its Monetary Policy Committee wanted an immediate increase.