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

Danger for the wealthy?

Saturday Aug 16, 2025

Saturday Aug 16, 2025

Rachel Reeves may be about to close a major inheritance tax loophole — and the wealthy are calling it “dangerous.” But what’s really dangerous in Britain? It’s not taxing the rich. It’s child poverty, crumbling public services, NHS queues, unsafe housing, and inequality. In this video, I take apart the scare stories from the wealth lobby and explain why closing loopholes is not a threat — it’s tax justice.
 

Friday Aug 15, 2025

Politicians tell us taxes pay for public services. In reality, it does something far more important — it shapes our society. In this video, I explain why tax is an economic steering wheel, not a fuel tank or piggy bank, and how we can use it to create fairness, tackle inequality, and protect our environment.

Thursday Aug 14, 2025

The Overton Window decides what can – and cannot – be said in politics.
But who builds this “window of acceptability”? In this video, I argue it’s not the public and not politicians – it’s the billionaire-owned mainstream media.

Wednesday Aug 13, 2025

Politicians love to say the government must “live within its means” – just like a household. But this analogy is completely wrong. In this video, I explain why the household analogy is economic nonsense, how it misleads the public, and how it drives damaging austerity policies. Once you understand how government really works, you’ll never fall for this trick again.

We need to rethink capital

Tuesday Aug 12, 2025

Tuesday Aug 12, 2025

We talk about capital as if it’s only money or machines, but that’s a dangerously narrow view. In this video, I unpack the six forms of capital we should measure, protect, and value: productive, financial, human, natural, environmental, and societal. And I explain why the Politics of Care demands a complete rethink of what truly matters for a sustainable future.
 

Monday Aug 11, 2025

People say Rachel Reeves faces a £40bn “black hole” in the UK budget. She is hinting at tax rises — but that gap could be filled, at least in part, by collecting corporation tax already owed. In this video, I explain how billions go unpaid each year, why HMRC is fighting blind, and how three simple changes could fix the system. Honest businesses would win. Tax cheats would lose. And they would need to hit ordinary people with tax increases.
 

Neoliberalism is a con

Sunday Aug 10, 2025

Sunday Aug 10, 2025

For over 45 years, neoliberal and neoclassical economics have dominated UK policy — and failed us. These models rest on absurd assumptions about human behaviour, markets, and government. In this new series, I will dismantle their false logic, explain why they fail, and show how you can argue back with reason and evidence. Economics should serve people, not markets. Let’s take it back.

Saturday Aug 09, 2025

Donald Trump has slapped a 39% tariff on Toblerone from Switzerland – but this isn’t really about chocolate. It’s about a dangerous trade war targeting allies and enemies alike. In this video, I explain how tariffs work, who really pays for them, and why Trump’s economic nationalism will mean higher prices, job losses, and global instability. Fair trade matters – and this isn’t it.

The UK isn’t out of money

Friday Aug 08, 2025

Friday Aug 08, 2025

The UK can’t run out of pounds any more than it can run out of inches. In this response to Gary Stevenson, I explain why money is a public good, created by the state, and why it’s wrong to claim the government is broke. That myth props up the austerity agenda. If we want real change, we must stop telling neoliberal stories—even by accident.
 

We’ve got enough pie!

Thursday Aug 07, 2025

Thursday Aug 07, 2025

Lisa Nandy says the UK needs a “bigger pie.” But the truth is, we already have enough pie. The problem is how it’s sliced—and Labour refuses to talk about that. In this video, I explain why the Big Pie Theory is economic nonsense, how growth hides inequality, and what we must do instead: redistribute, regulate, and reprioritise.
 

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