Austerity Does Not Save Money - Richard Murphy

1st August 2024

Like almost all economic truths, austerity works in the opposite way to that which most people think. It does not save money. Instead, it prevents the government creating the money required to deliver what the economy is capable of.

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'.