Government Finances Are Not Like Those Of Any Household - Richard Murphy

7th August 2024

Politicians keep claiming that the government must run its affairs just like a household. Absolutely nothing could be further from the truth or more harmful for our economy.

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'.

The full text of the video can be found on the blog at
https://www.taxresearch.org.uk/Blog/2024/08/06/government-finances-are-not-like-those-of-any-household/

Comment
Let us hope the government will not lead us into a depression as n 1929 and thereafter. The UK government tried to balance the books
by cuts in government spending which made matters worse.
Here is a link https://en.wikipedia.org/wiki/Great_Depression_in_the_United_Kingdom
https://en.wikipedia.org/wiki/Great_Depression_in_the_United_Kingdom
Perhaps Rachel Reeves needs to go back and read it.