News
The UK can't go bust
2+ hour, 22+ min ago (1635+ words) Richard Murphy on developing a fairer and sustainable economy The Daily Telegraph claims that Britain's "3 trillion national debt could lead to an IMF bailout. That sounds alarming. There's just one problem with that claim. It is total nonsense." The UK…...
Debate Ammunition: The UK does not need a bailout
3+ hour, 6+ min ago (410+ words) Richard Murphy on developing a fairer and sustainable economy The Richard J Murphy You Tube Channel Funding the Future | June 2026 The UK does not need a bailout. The video that this Debate Ammunition supports is available here. The Daily Telegraph's…...
Why are banks abandoning us?
1+ day, 3+ hour ago (1647+ words) Richard Murphy on developing a fairer and sustainable economy Banks are closing branches across the UK. Post offices are disappearing. HMRC no longer offers local tax offices. Local authorities increasingly expect everything to be done online. Face-to-face support is becoming…...
The UK will not be going to the IMF for a bailout
1+ week, 2+ hour ago (421+ words) Richard Murphy on developing a fairer and sustainable economy It is, in many ways, a quiet news morning, given that I am not willing to repeat myself too often, and much of the news agenda is playing on repeat today....
Out now: "What is Economics For? Rethinking a Discipline in Crisis
1+ week, 4+ day ago (554+ words) Richard Murphy on developing a fairer and sustainable economy I have, this morning, added a new e-book to our PDF download site. This is the combined collection based on the Economic Thinker Series published here between September last year and…...
Is the crisis happening?
1+ week, 5+ day ago (934+ words) Richard Murphy on developing a fairer and sustainable economy I keep warning of a crisis. But the question to ask is whether there is evidence of it happening. There is. Take this chart from the FT on US oil reserves,…...
Increasing interest rates now is an action close to economic madness
1+ week, 6+ day ago (953+ words) Richard Murphy on developing a fairer and sustainable economy As the FT has noted this morning: Eurozone inflation rose to 3. 2 per cent in May, bolstering the case for the European Central Bank to raise interest rates for the first time…...
This could be as bad as 1929, and maybe very much worse
1+ mon, 1+ hour ago (1008+ words) Richard Murphy on developing a fairer and sustainable economy As Katie Martin has noted in the FT this morning, there is something exceptionally strange going on in the world's financial markets at the moment, and we should be taking note....
Could the Bank of England bring the economy down?
1+ mon, 2+ week ago (1504+ words) Richard Murphy on developing a fairer and sustainable economy The Bank of England has held interest rates, but the real story is what happens next. Beneath its decision, pressure is building to raise rates again, and that could prove disastrous....
We need an Office for National Statistics that understands both economics and accounting
1+ mon, 2+ week ago (991+ words) Richard Murphy on developing a fairer and sustainable economy The Financial Times noted something this morning deeply hidden within data published by the Office for National Statistics. This unnoticed data is represented by this chart. It shows the ratio of…...