Banks Will Go Bust Because Of Flooding - Richard Murphy

6th May 2024

About 85% of UK bank lending is secured on property. And as a senior bank risk manager told me recently, most of that is going to flood sometime in the next thirty making it pretty much useless for this purpose. So, when will the banks demand action on climate change?

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax'.

This video was edited by Thomas Murphy.

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