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

Your pension is under attack

Friday Jul 25, 2025

Friday Jul 25, 2025

Labour says it’s launching a pensions review to make retirement more secure. But dig into the detail, and it’s clear: this is about cutting costs, not helping pensioners.
• Higher retirement ages
• Forced private savings
• Risky stock market exposure
• Means-tested pensions
We are heading for a pensions crash. And the City of London will cash in before it all falls apart. We need a fair, state-backed pension system.

Wealthy, or worried?

Thursday Jul 24, 2025

Thursday Jul 24, 2025

The rich aren’t just rich — they’re scared. Scared of losing face. Scared of taxes. Scared of change. In this video, I explore how the wealthy protect their status by opposing reform, hoarding money, and resisting innovation. And the cost to the rest of us? Enormous.

What happens in a crash?

Wednesday Jul 23, 2025

Wednesday Jul 23, 2025

Crashes don’t just happen – they build, and then they tip. In this video, I explain what causes a financial crash, why we’re facing one now, and why only government – not markets – can save us from the chaos that follows. Donald Trump’s actions, market overvaluation, geopolitical shocks – any one of these could trigger collapse. The consequences? Unemployment, insecurity, spiralling debt costs. Only Keynesian counter-cyclical action can offer recovery. We need courageous government – now.

Savings are dead

Tuesday Jul 22, 2025

Tuesday Jul 22, 2025

We spend £80 billion a year encouraging people to save – but it doesn’t fund growth, wages or investment. It just props up banks and financial markets. In this video, I explain why savings are essentially dead money and what a more effective economic strategy would look like.

What are the wealthy worth?

Monday Jul 21, 2025

Monday Jul 21, 2025

Taxing the wealthy sounds easy. But what happens when we don’t actually know what they own or what it’s worth? In this fifth video in my series on wealth, I explore the complexity and ambiguity of wealth valuation and explain why taxing the income and gains from wealth might be the only serious route to taxing the rich more fairly.

Sunday Jul 20, 2025

Hyperinflation is the scare story threatened by those who want to stop government spending. But it’s just that: a scare story. In this video, I explain why the UK’s strong institutions, trusted currency, and sound tax system mean we can safely create money and why the real danger is believing the lies told to stop us doing so.
 

Saturday Jul 19, 2025

This video is the fourth in our series on wealth — and the second asking a crucial question: Why are the wealthy wealthy? In this episode, I expose the uncomfortable truth: extreme wealth in Britain has not been built on innovation or hard work, but on exploitation. Of land. Of people. Of law. Of monopolies. Of resources. It’s time we faced how the 1% really got rich — and what we need to do about it.

Friday Jul 18, 2025

The UK’s CBI claims the London Stock Exchange is in crisis because of tax and regulation. But that’s nonsense. The real issue? London’s stock market has stopped funding business growth. It’s now a playground for speculators, failing our economy, our pensions, and our future. In this video I explain why tax cuts won’t save it — and what real reform would look like.

Why are the wealthy so wealthy?

Thursday Jul 17, 2025

Thursday Jul 17, 2025

In this third video in our series on the wealthy, I explore why the comfortably wealthy in the UK — those with £3 million or more — stay so rich. The short answer? The UK tax system is stacked in their favour. From low capital gains rates to massive ISA and pension subsidies, we’re handing the wealthy thousands each year while working people shoulder the load. I break down the  numbers, show how tax reliefs pour money into the pockets of the top 20%, and reveal why your taxes are effectively funding luxury lifestyles.

Wednesday Jul 16, 2025

We’re told the UK is living beyond its means. But who exactly is living beyond them? It’s not schools, libraries, or the NHS. It’s not people in poverty. It’s the private monopolies and unchecked corporate profits. In this video, I explain why this narrative is not just wrong—it’s dangerous.
 

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