Funding the Future

Funding the Future

Richard Murphy and occasional friends talking about everything you need to know to understand the economy, tax, finance and how we fund our future.

Episodes

July 19, 2025 10 mins

This video is the fourth in our series on wealth — and the second asking a crucial question: Why are the wealthy wealthy? In this episode, I expose the uncomfortable truth: extreme wealth in Britain has not been built on innovation or hard work, but on exploitation. Of land. Of people. Of law. Of monopolies. Of resources. It’s time we faced how the 1% really got rich — and what we need to do about it.

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The UK’s CBI claims the London Stock Exchange is in crisis because of tax and regulation. But that’s nonsense. The real issue? London’s stock market has stopped funding business growth. It’s now a playground for speculators, failing our economy, our pensions, and our future. In this video I explain why tax cuts won’t save it — and what real reform would look like.

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July 17, 2025 21 mins

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 and pension subsidies, we’re handing the wealthy thousands each year while working people shoulder the load. I break down the  numbers, show how tax reliefs pour money into the pock...

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We’re told the UK is living beyond its means. But who exactly is living beyond them? It’s not schools, libraries, or the NHS. It’s not people in poverty. It’s the private monopolies and unchecked corporate profits. In this video, I explain why this narrative is not just wrong—it’s dangerous.

 

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July 15, 2025 16 mins

Just how rich are the wealthy? In this video, I break down official data to show who truly owns Britain’s wealth. From the bottom 10% with virtually nothing, to the top 1% averaging £5.3 million each, we’ll see how unequal our country has become — and why we urgently need the wealthy to pay more tax.

 

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July 14, 2025 4 mins

In this video, I explain why Rachel Reeves’ beloved fiscal rules are nothing but political theatre. They’re arbitrary, endlessly changeable, and stop us investing in what matters. It’s time we governed for people, not ratios.

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July 13, 2025 8 mins

Why do I write five blogs before breakfast? Because injustice doesn’t sleep. I’ve spent my life exposing how power and money rig the system. And I won’t stop — because we need a fairer world. Subscribe, comment, and share. Campaigning isn’t a spectator sport.

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July 12, 2025 10 mins

Many people dream of changing the world, but very few do. In this video, I explain what you really need to do to stand a chance. And a word of warning: patience, skills, and conviction matter more than quick fixes.

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July 11, 2025 9 mins

Will you still get a UK state pension when you retire? With means testing, cuts and even abolition on the table, many are worried — and rightly so. In this video, I break down the risks, what recent surveys show, and how it could damage the whole economy if the pension system collapses.

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July 10, 2025 15 mins

This is the start of my new wealth series. We’re going back to basics — and that means asking what wealth even is. I explain how stocks and flows of wealth shape power, politics, and our future, and expose some of the secrets that the wealthy would rather we do not know as a result.

 

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July 9, 2025 13 mins

Most people don’t understand how pensions really work. Not politicians, not City insiders, and probably not you. In this video, I explain why pensions aren’t really about savings at all, but about a fundamental contract between generations, and why private pension systems fail to deliver. And this one is really best watched. 

 

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July 8, 2025 7 mins

We’re starting a new series on this channel: unpacking the myths around wealth. From who the wealthy are, how they got their money, to whether we really need them at all. This is about dismantling the stories the rich tell to keep us in line.

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July 7, 2025 11 mins

Politicians keep telling us that benefits are a black hole draining the economy. The truth? They’re one of the best ways to grow it. In this video, I explain why paying benefits to those who need them keeps money moving, creates jobs, raises tax revenues and actually balances the books.

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Far-right politicians from Trump to Orban to UK ministers are following the same authoritarian script: attack universities, control curricula, ban ideas that challenge power. As a political economist and ex-university professor, I explain why education is at the heart of democracy — and why ignorance is tyranny’s greatest ally.

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July 5, 2025 6 mins

Democracy is not a spectator sport. In this video, I explain why writing to your MP is still one of the most powerful democratic actions you can take—and how a simple tool can help you do it with ease.

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July 4, 2025 5 mins

Those with power rarely give it up willingly. That’s why protest matters. It’s how we won workers’ rights, women’s rights, gay rights, and have fought inequality in so many forms. But today, new laws are making protest harder in the UK. It’s time to be louder.

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July 3, 2025 8 mins

Every time stock markets drop, headlines say that billions have been lost. But where does that money actually go? If you want to understand crashes, confidence, and the baked bean market (trust me), this one’s for you.

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Wes Streeting says cutting 50 calories a day will solve obesity and save the NHS. That’s bad politics, bad science and classic neoliberal blame-shifting. In this video, I take apart his arguments and ask whether he’s naive or deliberately complicit in weakening our NHS.

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Labour is cutting disability benefits to balance Rachel Reeves’ budget, while handing billions in tax breaks to the rich. I explain why this is morally bankrupt, and why Labour’s 70 MPs who backed down have failed the poorest.

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June 30, 2025 12 mins

The Co-op has banned Israeli goods. The UK government remains silent. This silence is complicity. Real leadership in the face of genocide would require that the UK sanction Israel. 

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