HeyJaredProfessor Richard Murphy
- Indexed articles, last 90 days
- 9
- Latest publication
- Sep 28, 2026
- Outlet visibility, for Thenational
- Top 100K sites
- Earliest in this view
- Jul 6, 2026
Latest articles
The truth about government borrowing that economists won't tell you (opens the original)
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EVERY time I turn on the television or listen to the radio, I hear some economist with a grand title, or who once held a position at the Bank of England, assuring the interviewer that the UK is going to hell in a handcart because the bond markets are demanding that the country pay more interest on its debts. When this nonsense is on what is supposed to be a serious news programme, I yell at the television or shout at the radio, sometimes using words that my editor here might not let me put in pr
The Scottish Government has chosen the worst option on taxing wealth (opens the original)
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HM Revenue and Customs issued new data this week showing that, as a result of Rachel Reeves increasing the capital gains tax rate in the UK in October 2024, the tax yield in the year to April 5, 2025 almost doubled over the previous year. It reached a record level in excess of £24 billion, when a year before it had been just over £12bn. In light of all the discussions in this newspaper, on social media, in other media, and even in the Scottish Government, on the taxation of wealth, this data is
The madness of the Bank of England explained (opens the original)
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UK inflation is rising again. Admittedly, the increase was small, up 0.3% to 2.9% last month. But the key point is that economists were expecting it to fall in July, and it did not. In particular, food prices did not fall, as they usually do in the summer. And we now know inflation is going to increase in the rest of 2026. The household energy price cap will increase by around 13% this autumn. We know petrol and diesel prices will remain high because Donald Trump’s war against Iran is continuing
It doesn't matter if you don't understand someone's viewpoint â it's vital to try (opens the original)
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I WROTE here last week about my frustration with journalists who will not ask the question of those they are interviewing, âWhat are your priors?â â an American phrase for the assumptions somebody brings to a topic and which shape their opinion on it but which they will rarely make clear when suggesting why they are stating their view on a subject. This week, I want to talk about another phrase I find exceptionally frustrating, and this is not just about interviews with journalists. We all
Why we should always ask politicians this one question (opens the original)
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THERE is a question that is often asked in the USA but rarely mentioned in Scotland – “What are your priors?”. A person’s “priors” are the belief system that supports all the judgements they make on any issue. That makes this question particularly relevant in politics. It also matters when you write a column for a newspaper, but I will return to that later. I regret the absence of this direct questioning in this country, because its purpose is to ask anyone presenting an apparently unsubstantiat
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