Funding the Future

The UK government was warned in late April that the country had only six weeks of jet fuel supply remaining. Jet fuel prices across Europe have already doubled. Absolute shortages could hit in June. And the government's response has been to offer short-term reassurance with no plan beyond the next six to eight weeks.

Will your summer holiday actually happen this year? Who knows, least of all the government, it seems.

And this is ju...

From April 2027, the government will cut the cash ISA allowance for the under-65s from £20,000 to £12,000, forcing the remaining £8,000 into stocks and shares. But the Bank of England is now warning of a "significant risk of a stock market adjustment." Is this really the right moment to push small savers into a volatile market?  

In this video, I explain why this policy is recklessly irresponsible. The government claims that redire...

BP made $3.2 billion in the first three months of 2026, which was more than double its profit from the same period last year. It did not achieve this by finding new oil or selling more of it. It did it by trading oil contracts. In other words: by betting on war. And your energy bill paid for it.

What is actually happening:

• In 2025, around 383 million oil trades were recorded in the UK, each covering roughly 1,000 barrels of oi...

Why write 25,000 blog posts? Why make a video every single day?

In this video, I explain what drives my work, why I have spent decades challenging mainstream economics, and why I believe much of what we are told about the economy is simply wrong.

This is not about academic debate for its own sake. It is about the real-world consequences of bad ideas; ideas that shape public policy, justify inequality, and limit what governments cla...

Four crises are converging on the world's food supply.   War has closed the Strait of Hormuz.   Extreme heat is cutting crop yields.   The strongest El Niño in a decade is forecast.   And Trump's tariffs are fracturing the trade networks that keep food moving.   The UK could face food shortages as early as this summer.

World food prices are already at their highest level since November 2023, and that pressure has not yet fully been...

The Bank of England has held interest rates, but the real story is what happens next. Beneath its decision, pressure is building to raise rates again, and that could prove disastrous. 

In this video, I explain why that is the case. The inflation we are facing is not driven by excess domestic demand. It is being driven by war, supply shortages, and speculation in global commodity markets. Interest rate rises cannot produce more oil ...

The Bank of England has warned that serious financial risks are building — and I think people need to pay attention.

An AI stock bubble, war in Iran, and risks in shadow banking could trigger a major financial correction.

In this video, I explain:

• Why I think the risks are real

• What the Bank of England is actually saying

• How to protect your pension

• WWhat to do about debt

• Why certainty matters more than chasing returns...

Tony Blair’s institute has published a report proposing sweeping cuts to UK social security by redefining mental illness, ADHD, autism and other health conditions as “non-work-limiting.” This will force many who are unable to work to look for jobs and leave them destitute if they cannot find them, as is likely

Worryingly, his whole report includes not a single reference to medical support for the reforms he is proposing. He is targ...

The Bank of England has suggested we're facing mega economic uncertainty right now. Stock markets are at record highs. Shadow banking is exposed to AI speculation. The war in Iran has no end in sight. And the minister responsible for managing crises in the UK - Darren Jones MP-  is telling us to keep calm and carry on. That is not good enough. There are things you could actually be doing right now.

These are practical steps to prot...

The world is facing a financial crisis because we will be facing absolute shortages of oil, food, and raw materials very soon. And that changes everything.

Markets can never solve the problem of absolute shortages: they simply supply whoever can pay the most. If we leave allocation to the market, the vulnerable will be left with nothing.

The Economist forecasts that the oil crisis will hit us by June 2026 if the Strait of Hormuz st...

Israel is a rogue state. Its wars in Gaza, the West Bank, Lebanon, and Iran have no justification in international law. More than 70,000 civilians have died in Gaza alone. Ambulances and crews are being deliberately targeted in Lebanon. These are war crimes — and the world has seen this before, in apartheid South Africa.

What a full boycott must include:

• End all defence agreements and halt armed supplies immediately
• Ban trade,...

The FTSE 100 and S&P 500 are near record highs. The real economy is deteriorating. And the Bank of England's Deputy Governor for Financial Stability, Sarah Breeden, has now said publicly what most politicians will not: a stock market crash is coming, and the financial system is not ready for it.

This crash could be worse than 2008 because of overvalued stock markets, the AI bubble, an overexpanded and at-risk shadow banking sys...

What would I do on my first day in office as Chancellor to create an economy in the UK based on the thinking that modern monetary theory makes possible?

In this video, I explain why MMT does not need to be “implemented” in Britain, because it already describes how government money works. The real task is to change policy. In that case, I set out six first-day reforms to:

• • Replace false fiscal rules

• Lau...

Should the Bank of England control UK interest rates, or should that power return to elected government? In this video, I argue that the Bank of England's independence was never a neutral, technocratic decision. It was a deliberate political project, rooted in far-right Public Choice Theory, designed to strip democratic control away from ordinary people and hand it to unelected bankers.

Since 1997, the Bank of England has been give...

In this podcast, I speak with William Thompson to explore one of the most important internal debates within Modern Monetary Theory.

We agree on the fundamentals: that governments with their own currency can fund full employment, and that the real constraints are resources, not money. But we disagree on how to achieve that goal.

William makes the case that the job guarantee is central to MMT as a price anchor, an automatic stabilise...

What is next for the world? I think we may already know the answer — and it is deeply troubling.

In this video, I argue that the conflict driven by Donald Trump and Benjamin Netanyahu is pushing the global economy towards a crisis on the scale of World War II. Not in terms of deaths, but in terms of systemic economic breakdown.

This is not a short-term shock. It is a structural rupture.

The warnings are already being i...

The UK pension system is built on a false idea: that savings and financial assets can guarantee security in old age. In this video, I argue that pensions do not ultimately depend on money saved in the past, but on the productive capacity of those still at work in the present. That is the real pension contract, and it is one the UK has steadily abandoned.

I explain how the state pension once reflected this collective responsibility...

In this podcast, I discuss with John Christensen how capitalism and democracy have come apart — and why this was not an accident.

Together, we explore the growing fracture between democratic accountability and economic power, and the role of James Buchanan in shaping the ideas behind it. Public choice theory, which he created, claims to defend freedom, but in practice, we argue that it works to constrain democracy and protect wealt...

Donald Trump is waging a war that will actively harm the poorest people on earth, and the world's political leaders are almost entirely silent in response.   The exception is the Chicago-born Pope, who has issued fearless, gospel-based criticism of Trump's actions, while the UK government plans a state visit to the USA for King Charles,  Labour's Deputy Prime Minister is meeting JD Vance, and the new Archbishop of Canterbury...