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The government has borrowed a bit more than expected. Thank goodness for that.

1 day ago | taxresearch.org.uk | Richard Murphy

The government has borrowed a bit more than expected. Thank goodness for that. As The Guardian has reported:Britain entered the economic shock from Donald Trump's trade wars with government borrowing having overshot official forecasts by almost £15bn in the most recent financial year.
The flag of St George

1 day ago | taxresearch.org.uk | Richard Murphy

As politics.co.uk reports this morning, because it is St George's Day:The prime minister has warned that England faces a “never-ending fight for our flag and what it represents” in an address to mark St George's Day. Speaking at a Downing Street reception, attended by former England footballer Gary Lineker and England Rugby captain Maro Itoje, Keir Starmer expressed his concerns about the far-right claiming ownership of St George's Cross.
A new book?

1 day ago | taxresearch.org.uk | Richard Murphy

Over the last few weeks, a recurring theme has emerged within my writing and YouTube videos, which is a reference to something I have been calling a politics of care. I have been sketching out what this might mean in odd moments, and have discussed it with my wife and sons, both of whom were around over the weekend. Last night I asked two of them, over our evening meal, whether I should write a book on this theme.
When is Trump’s crash?

1 day ago | taxresearch.org.uk | Richard Murphy

No President can turn in his economy as Trump has done and not send it into recession or even depression. The question is, how do we manage the chaos that follows from that? The audio version will follow soon. This is the transcript:When is the financial crash? It's a question I ask because it's inevitable that we're going to have one at some point of time. Money is going to pour out of the USA, and I mean pour.
Steve Keen on Bill Mitchell’s absurd claims on the economics of trade

2 days ago | taxresearch.org.uk | Richard Murphy

Steve Keen on Bill Mitchell’s absurd claims on the economics of trade In one of Steve Keens's latest Substack posts, he has this to say:Steve then proceeds to demolish the absurd notion that Bill Mitchell and Warren Nosler have put forward on this issue, which has never made the slightest bit of economic sense.
Trump: mad, bad or just gleefully cruel?

2 days ago | taxresearch.org.uk | Richard Murphy

There are moments when I have to ask whether Trump is mad or bad? Then I saw his Easter message, which was this:The answer to the question is that he is very clearly both. That message is from a man detached from reality. That is what madness is. It is also bad on so many levels. The vindictiveness and hatred of so many people implicit in it is bad. The language used is most definitely bad because of the sentiments it is trying to create. As an action of a President, it is beyond bad.
Labour politics is now about rule by indifference that seeks to impose cruelty

2 days ago | taxresearch.org.uk | Richard Murphy

Labour politics is now about rule by indifference that seeks to impose cruelty As The Guardian notes this morning:Ministers are privately ruling out scrapping the two-child benefit cap despite warnings from charities that a failure to do so could result in the highest levels of child poverty since records began.
A note to the trolls

2 days ago | taxresearch.org.uk | Richard Murphy

A new trend appears to be developing amongst those who wish to troll on this site. In the last week, I have had to block a couple of people who had posted at least 50 comments before it became apparent that they were really here to present unacceptable views. At least one other commentator is currently being reviewed for the same reason. One of these people did, after being blocked under their pseudonym, then try to post under their own name, quite offensively. This is very tedious.
Why doesn’t the UK punish people who break company law?

2 days ago | taxresearch.org.uk | Richard Murphy

Why doesn't the UK government care about the fact that UK company law is not enforced? What is the point of having law that they will not impose, at considerable cost to society? This is the audio version:This is the transcript:Why doesn't the UK punish people who break company law? There are more than 5 million companies in the UK. There are now as many companies created a year as there are children born in this country.
Pope Francis got the tyranny of deliberately created inequality right

3 days ago | taxresearch.org.uk | Richard Murphy

Pope Francis got the tyranny of deliberately created inequality right From Politics Joe on Instagram this afternoon:He got that right. Thanks for reading this post. You can share this post on social media of your choice by clicking these icons:There are links to this blog's glossary in the above post that explain technical terms used in it.