There Is Almost No Money In A Bank

18th June 2024

The old idea that there is money in a bank is almost always wrong. There's just a pile of bank statements in a bank these days, and it really is time we got our heads around that rather basic fact.

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'.