Funding the Future

Richard Murphy and occasional friends talking about everything you need to know to understand the economy, tax, finance and how we fund our future.

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Episodes

36 minutes ago

Donald Trump has declared himself King in the USA. He should take a lesson from history. King Canute of England, Denmark and Norway knew there were limitations on regal power. Trump does not. That’s why he’s bound to fail.

22 hours ago

The City wants an end to cash ISAs, and that would be a mistake

3 days ago

Elon Musk might think he’s very smart, but his management style – which is controversial in the private sector – is totally alien to the state sector because it relies on the acceptability of failure and governments must never fail.

4 days ago

Who and what are we defending in the UK? It’s a question in need of an answer. As politicians and politicians demand more defence spending, whose rights are we defending, and so who should pick up the bill?

5 days ago

The MAGA put Trump back in the White House, but like Biden before him, nothing he’s doing is going to make ordinary Americans feel better off, and we know what they did to the Democrats as a result.

6 days ago

The Bank of England could make our lives a lot better by changing some of its policies, but it shows no sign of doing so. Why then do we tolerate its supposed independence when that is used to undermine our well-being?

7 days ago

Rachel Reeves suffers with the nickname ‘Rachel form Accounts’. Only it looks like her own accounting has not been that good, and nor is her CV all she claims it to be. But is the real story that her colleagues want her out?

Friday Feb 14, 2025

Trump says we need to spend five per cent of our GDP on defence. That would increase the spend from £60 billi0on to £140 billion. What are the consequences of that?

Thursday Feb 13, 2025

Starmer is aping Nigel Farage’s anti-migrant rhetoric when no-one would worry about migration if Labour delivered what people want from the government.

Wednesday Feb 12, 2025

When markets realise Trump is serious about tariffs, and that the US is now an isolationist state, seeking to cut itself off from the rest of the world, they're going to react, and we’ll get a crash.

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