The whole financial system is about to COLLAPSE - Richard Murphy
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The whole financial system is about to COLLAPSE - Richard Murphy
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With the Budget just days away, Prime Minister Andy Burnham and Chancellor John Healey face some big decisions. How much can the government afford to spend? Who should pay more tax? And how on do they get Britain's economy growing at a faster rate?But what if we're asking the wrong questions altogether?Former chartered accountant Richard Murphy argues that the government's obsession with borrowing, debt and so-called fiscal headroom is holding Britain back. He believes we have far more financial freedom than politicians would have us believe.So is Britain really running out of money? Or is it running out of ideas?On this episode of The Fourcast, Krishnan Guru-Murthy was joined by Richard Murphy, Professor Emeritus of Accounting Practice at University of Sheffield Management School, and economist Vicky Pryce, Chief Economic Adviser and a board member at the Centre for Economics and Business Research.