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

Friday Feb 20, 2026

What would actually happen if the UK deported two million people in three years, as Rupert Lowe's Restore Britain political party proposes?
In this video, I look at the real economics and not the slogans.
- NHS staffing and social care would collapse
- Construction and food supply would face massive disruption
- We'd have falling GDP and tax revenues
- And there would be rising inflation, and austerity
This is not immigration policy. It is economic self-harm driven by a politics of hate.
A politics of care offers a real alternative: investment in social care, strengthening social security, training workers, taxing wealth fairly, and rebuilding the capacity Britain actually needs.

Thursday Feb 19, 2026

Limited liability is treated as harmless legal plumbing, but it is one of the most powerful privileges granted to wealth in the UK and around the world. In this Funding the Future conversation with Professor Dan Plesch, we explore how corporate law shields shareholders from responsibility, fuels secrecy and tax abuse, and distorts democracy.
We explain where limited liability came from, why it now protects inequality, and what reforms could restore balance between corporations and society.
This matters for tax justice, corporate accountability and the politics of care.

Wednesday Feb 18, 2026

Rupert Lowe’s Restore Britain paper on mass deportations is not just about migration, although that is its toxic superficial focus. It is also about power, law, and the kind of state we want to live in.
In this video, I explain why his proposals would require dismantling human rights law, rewriting the UK constitution, and creating a politics of hate that harms everyone and not just the millions of migrants he wants to expel from this country.
My suggestion is that we choose something else: a politics of care, investment, and social security that protects everyone's well-being.
This is about the UK’s future. What state do we want? Lowe's dystopian state of hate, or one where everyone can flourish?
 

“Woke” is not an insult

Tuesday Feb 17, 2026

Tuesday Feb 17, 2026

“Woke” once meant awareness of injustice. Now it is used to mock compassion. This video explains how culture-war language protects wealth and power, and why reclaiming the language of care matters for democracy and economic justice.

Monday Feb 16, 2026

In this video, I explain why neoliberalism is not a mistake but a system built to shift power from people to corporations. This politics of destruction delivers an economics of failure with underfunded public services, rising inequality and shrinking democracy. I also explain why fiscal rules like those promoted by Rachel Reeves reinforce this failure, and why a politics of care offers the best real alternative.

Sunday Feb 15, 2026

I recently recorded another Funding the Future podcast with John Christensen, with whom I have discussed tax justice and corruption for more than twenty-five years. We set out to talk about why corruption is suddenly back in the headlines. We concluded that corruption has not suddenly appeared. It has been embedded in our economic system for decades.
In this conversation we discuss:
• Why trust in banks, governments and corporations has collapsed since 2008
• How tax havens, secrecy jurisdictions and professional enablers make corruption routine
• Why the UK and the USA sit at the centre of global financial secrecy
• How sectoral balances explain the UK’s dependence on foreign money flowing into the City of London
• Why corruption indices often ignore the real sources of global illicit finance
• The role of think tanks, lobbying and political capture
• What reforms could work – country-by-country reporting, ending investor-state dispute systems, and restoring democratic accountability
Corruption is not just about bribery. It is about power, secrecy and rules written for the benefit of the wealthy. If we want a politics of care and an economy that works for people, we must tackle systemic corruption honestly.

Are we being conspired against?

Saturday Feb 14, 2026

Saturday Feb 14, 2026

Conspiracies exist. But they are not secret meetings in dark rooms.
They are systems of coordinated power operating in plain sight.
States pursue power. Corporations shape regulation. Finance influences policy. Big tech lobbies governments. Trade rules protect capital. Electoral systems entrench incumbents.
This is not fantasy. It is political economy.
In this video, I explain the difference between conspiracy theories and structural conspiracies: the coordination of wealth and power against ordinary people.
I look at regulatory capture, media concentration, first-past-the-post, tax havens, lobbying, and the idea of managed consent.
And I note the real danger is not paranoia. It is passivity. Democracy only survives if it is defended.

You are not disposable

Friday Feb 13, 2026

Friday Feb 13, 2026

Modern economics behaves as if some people simply do not matter. In this video, I reject that idea outright.
Neoliberal economic policy treats people as costs, blames them for failures they did not create, and deliberately excludes those who do not contribute to its narrow definition of “productivity”. Disabled people, carers, the long-term sick, the elderly, migrants, and those in insecure work are all made disposable by design.
I explain why this is not an economic law but a political choice, how institutions like central banks enforce it, and why the result is an economy that fails by choice.
I also set out the alternative: a politics for people and a political economy of care, built on inclusion, dignity, and justice.
No one is disposable. You matter. And your job is to reject any politician whose actions suggest otherwise. 

Is the UK a united nation?

Thursday Feb 12, 2026

Thursday Feb 12, 2026

The UK is no longer a unitary political system. Scotland, Wales, Northern Ireland and England now operate as distinct political realities, yet Westminster still governs as if nothing has changed.
This video argues that Labour’s current crisis is not tactical or personal, but constitutional. The collapse of national political consent, the distortions of first-past-the-post, and the absence of a governing theory have created a dangerous vacuum.
I explain why no single party can now govern the UK legitimately, why democratic credibility is failing, and why authoritarian politics thrives in that space. The solution is not domination or denial, but structured cooperation: national government in the national interest.
That means electoral reform, abolition of the House of Lords, a regional senate, recognition of the voluntary nature of the Union, and governing by consent rather than force.
Without this, democracy in the UK will continue to fragment, and that is a risk we cannot ignore.

Wednesday Feb 11, 2026

Why does Britain feel poorer, more unequal and less productive than it should be?
In this Funding the Future podcast, I speak with John Christensen, co-founder of the Tax Justice Network, about the finance curse, which occurs when banking and financial services grow beyond any socially useful scale.
Drawing on John’s work in Jersey and decades of UK experience, we explain how finance crowds out real economic activity, drives up housing costs, drains talent, captures politics and ultimately undermines democracy. We also discuss new research showing the staggering cost of this failure to every household in Britain, and what can be done to reverse it.

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