Scotland cannot transform its economy using the policy playbook from the 1990s. Whoever becomes Scotland’s new first minister will face no shortage of challenges. Lurking behind many of them lies a common cause: an economy that is not working. Data
There is no such thing as “taxpayers’ money”! From the early 80s, the idea that Governments can only spend what they receive in tax, was heavily promoted, especially by UK Prime Minister Mrs Thatcher. She famously said, in 1983, “We
Long ago, most people believed that the sun revolved around planet Earth, instead of the other way around. Today, most people still believe that a government gathers up all the money paid in taxes, and then uses that to pay
Why central banks are too powerful and have created our inflation crisis – by the banking expert who pioneered quantitative easing Richard Werner, University of Winchester Fifty years ago, a war broke out in the Middle East which resulted in a
Will relaxing the rules help the UK economy and what are the risks? Robert Webb, University of Stirling Jeremy Hunt, the UK chancellor of the exchequer, has unveiled a package of measures aiming to protect the City of London’s position as
The following questions and answers are republished here from the blog of Professor Richard Murphy of Sheffield University. He is a recognised authority on tax and the economy and proponent of a new way of understanding how the economy works
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