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Richard Murphy Profile picture
@RichardJMurphy
Sep 24, 2021 • 6 tweets • 1 min read • Read on X
The Tories aren’t working
Brexit isn’t working
Democracy isn’t working
The Opposition isn’t working
Devolution isn’t working
Should we start again?

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More from @RichardJMurphy

Richard Murphy Profile picture
Oct 30
Most budgets end in tears for Chancellors within days of being delivered.

The trouble is that even if Chancellors understand economics, and few do, they do not understand the real-world consequences of what they propose.
I think, based on what we know already, that the backlash on this one will be on employer's NIC increases.

A 2% increase, as expected, will hit all employers, and especially small ones, really hard.
If they realise government departments have been compensated for this cost and they are not going to be the result will be severalfold.

First, there will be anger. The press will feed on this.
Read 12 tweets
Richard Murphy Profile picture
Sep 12
Keir Starmer will say the NHS must "reform or die" today. What he is really saying is that to balance Rachel Reeves' books, you might die because he's not willing to raise the funds to deliver the NHS this country needs. How does it feel to be a human sacrifice to austerity?
That, I think, summarises what Starmer will really be saying today.

He's refusing to provide the new money the NHS requires even though he knows, and will say, the Tories underfunded it.
Then he will claim he has no choice about that - which is completely untrue.

As a result, he is deliberately supporting the Tory plan, which was to collapse the NHS.
Read 11 tweets
Richard Murphy Profile picture
Sep 2
Would the UK economy really have collapsed as Labour is saying if it had not cut the winter fuel allowance for most pensioners within days of coming into office, whilst announcing more more ‘pain’ to come? Of course it wouldn’t have done. A thread…..
Lucy Powell MP, Leader of the House of Commons, made the absurd claim that cutting winter fuel allowance saved the economy from collapse when taking on television on Sunday morning.
I suspect that she would have said the same of keeping the two child benefit cap in place. Together these policies saved maybe £4 billion. They reduced the well-being of more than 10 million low income people, many living in poverty.
Read 32 tweets
Richard Murphy Profile picture
Aug 27
There is literally no need at all for Labour to deliver a painful budget in October. There is a massive capacity to increase taxes on wealth. If Labour wanted to borrow they could. And there are people who want good work.
So, the ‘pain’ is all about Starmer & Reeves’ choice to deliver hardcore neoliberal dogma and not meet people’s needs.
Starmer is worse than the Tories. They at least admitted to their pleasure at imposing austerity. He pretends he has no choice but do it when that’s completely untrue. He’s choosing to undertax wealth, under deliver services, and over deliver misery.
Read 6 tweets
Richard Murphy Profile picture
Jul 21
Rachel Reeves told Laura Kuenssberg this morning that the pensions industry had failed the people of this country. Some obvious questions follow as a result. A short thread...
Why, if the pension industry has failed so badly, does she want to force people to pay more it in pension contributions, as seems to be her plan?
Why, if the pension industry has invested so badly for this country, does she think it will start doing better now if she gives it more money?
Read 9 tweets
Richard Murphy Profile picture
May 23
The most useful thing I think I can do this morning is suggest questions to ask politicians in this election. A thread.
The following list builds on work referenced on my blog, and most especially the Taxing Wealth Report that I published recently. taxingwealth.uk
The list of questions is not necessarily in any order of priority. Themes are repeated quite deliberately because that is necessary when all politicians are evasive.
Read 19 tweets

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