Why the UK budget system is broken - and how to fix it - Richard Murphy

1st December 2025

Rachel Reeves just gave us a masterclass in how NOT to run an economy. We got leaks, U-turns, political theatre, but almost no real economic planning.

In this video, I explain what's gone wrong and how we could get a rational budget delivering:

Open and democratic decision-making
Good accounting & proper economic forecasting
Fair taxes that work in practice
A focus on environmental limits & real outcomes

We deserve better than this.