We published this shorter video at 17.00 today: Can growth fix our NHS? Will a booming private sector fund schools and care homes? Rachel Reeves thinks so. I don’t. This video explains why growth consumes the very people and resources we need for care and education—and why it’s time to stop...| Funding the Future
If you listened to the news this morning, you would think that Keir Starmer has recognised Palestine. He has not. He has come nowhere near recognising Palestine. He is playing games with Palestine. He is saying he might recognise Palestine if Israel does not do what he wants. He is giving Israel the right of...| Funding the Future
In this third video in our series on the wealthy, I explore why the comfortably wealthy in the UK — those with £3 million or more — stay so rich. The short answer? The UK tax system is stacked in their favour. From low capital gains rates to massive ISA...| Funding the Future
I suspect Keir Starmer was not happy that President Macron of France said this to both Houses of Parliament yesterday, referring to Gaza: As we are attached to human lives, as we are attached to territorial and integrity, we want a ceasefire, no discussion. And today, working together, in order to recognise...| Funding the Future
I continue to research and then try new ways of getting the message about the disaster that is neoliberal economics out there into the wild. Having decided to return to Twitter, or X, I then decided I might as well use it to its best effect, so I have paid for...| Funding the Future
Wes Streeting has written an article for The Guardian on his vision for the NHS, which will come out today. Cut out his self-defence and the padding, and two paragraphs appear to relate to his actual plan. They say: Today, the prime minister will launch our 10-year plan for health, to radically...| Funding the Future
As The Guardian has reported in the last hour, Stephen Timms told the Commons after 5 pm with regard to the Bill delivering benefit reforms: I can announce that we are going to remove the clause five from the bill at committee, that we will move straight to the wider review,...| Funding the Future
The Telegraph has this headline in an email this afternoon: I am not in any way condoning what Vylan said, but Starmer gave his 'island of strangers' speech recently and has never once apologised for actively supporting a government pursuing genocide. I suggest he needs to get his own act in...| Funding the Future
This is just an idea. I keep saying that neoliberal economics is broken. I keep explaining why it is broken. But suppose everyone already knows? They can see the evidence before them. The incomes that are flatlining. The inequality that is rising. The pubic services that are failing. The hope that is disappearing. The planet that is burning. The despair...| Funding the Future
The Resolution Foundation says UK incomes will flatline until 2030. This isn’t an accident—it’s by design. High interest rates, unfair taxes, and Labour's inaction are all crushing incomes and deepening inequality. We need change. This is the audio version: This is the transcript: What is screwing Britain? It's a question that needs to...| Funding the Future
Keir Starmer and Rachel Reeves talk endlessly about fiscal black holes—but that’s not Labour’s real problem. In this video, I argue that the real crisis lies in the party’s loss of purpose, ethics, and vision for Britain. It’s time to ask what Labour is really for. There is no audio only...| Funding the Future
I have been told I was ratty here today. I have been ratty today. We had real IT difficulties yesterday, now resolved, but that was stressful. Then, today, other issues, not related in any way to this blog, caused a lot of stress. If that showed, I apologise. I am human. I can get...| Funding the Future
As Nils Pratley (not my favourite financial commentator) says in The Guardian this morning: It’s a miracle. Babcock International, the defence contractor with a specialism in kitting out the UK’s nuclear submarines, has emerged from the depths. After about half a decade in which the story was mostly about cost overruns,...| Funding the Future
Jeremy Corbyn asked this question of Angela Rayner, in her role as Deputy Prime Minister, yesterday: Yesterday 86 people were killed in Gaza by Israeli forces. A further 56 were shot dead while queuing for food to try to sustain themselves under the occupation of the Israeli forces. Israel stands condemned...| Funding the Future
Keir Starmer is facing rebellion from more than 120 Labour MPs over benefit cuts that target the UK’s most vulnerable. Could this be the beginning of the end for his leadership? There is no audio version of this video. This is the transcript: Is Keir Starmer facing a leadership crisis in the Labour...| Funding the Future
This is in the FT this morning, with regard to the now 128 (or more) Labour MPs who are threatening to vote against Labour over cuts to disability and other benefits: So, the logic is that Starmer is over according to the Labour whips, and so the country must go to the...| Funding the Future
The New York Times reported last night: A preliminary classified U.S. report says the American bombing of Iran’s nuclear sites sealed off the entrances to two of the facilities but did not collapse their underground buildings, according to officials familiar with the findings. The early findings conclude that the strikes over the...| Funding the Future
As some will know, I posted this poster of my creation here yesterday, and I am doing so again now: I am unapologetic for doing so. After posting it, I saw this article in The Guardian, written by Sally Rooney, the writer of Normal People and other great books, which I recommend,...| Funding the Future
I did, in error, post a Tweet on Sunday. I thought I was sending it to BlueSky, but the two look remarkably similar on a browser, and I made a mistake. Once I realised the mistake I decided to see what would happen, having then posted the same material on...| Funding the Future
I am annoyed that no one seems to be stating who the real winner of the local elections was. This is the data, from the Guardian: Expressed as percentage gains and losses that looks like this: The Greens were easily the biggest winners. So why aren't they getting fair air time? And why do...| Funding the Future
The Grenfell Inquiry has now reported seven years after the fire, the causes of which it investigated. With the greatest of respect to the judge who led it, and to all those who worked on it, the report that the inquiry produced stated almost exactly what we already knew, all of...| Funding the Future
President Macron of France appointed Michel Barnier as Prime Minister of that country yesterday. By doing so, he has lived up to the neoliberal expectation. Barnier has, whether as a former French cabinet minister or as a former European commissioner, as well as by being the European official who negotiated Brexit,...| Funding the Future
Musing on what to say about the Grenfell inquiry has been quite hard. Nothing anyone can say can take away the trauma of what happened seven years ago, or its aftermath for so many people. I will not try in that case: this was a tragedy that the inquiry has...| Funding the Future
As the Guardian noted yesterday: Investors have rushed to take part in an auction of UK government debt today, in an sign that the new government has not upset the bond vigilantes in the City. An auction of a new bond today has attracted a joint record of bids from investors. The debt...| Funding the Future
In this morning’s video I note that the far-right won an election in Germany last weekend, following on from successes elsewhere. Why is it so popular? And how can it be contained? The answers all come down to neoliberalism. It has destroyed faith in existing political parties, undermining the left in the...| Funding the Future
The far-right rioted again last night. Fuelled by racial hatred, misinformation, disinformation, and utterly inappropriate comments from Farage, hundreds rioted in London and Hartlepool. It is important to note that the numbers are small. It is as important to note that these actions are as clearly co-ordinated as was the rioting in Southport...| Funding the Future
The Tax Research glossary seeks to explain the terms used on this blog that refer to more technical aspects of economics, accounting and tax. It recognises that understanding these terms is critical to understanding the economic issues that affect us all the time. Like the rest of the Tax Research blog,...| Funding the Future
