Funding the Future End the Budget Chaos
Dec 1, 2025
The podcast dives into the chaos of the UK budget system. It critiques the lack of real economic planning behind the recent rollout. A rational budget should focus on growth, inflation control, and fair taxes. Proposed solutions include open decision-making and participatory planning. Tax reforms are highlighted to tackle unpaid liabilities. Environmental limits should be central, not an afterthought, in budgeting. The discussion emphasizes the need for transparent forecasting to build public trust and foster sustainable growth.
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Budgeting Should Be Strategic Not Theatrical
- The UK budget process has become theatrical and chaotic rather than strategic and evidence-based.
- Richard Murphy argues a rational budget would start from clear economic objectives and plan to meet them.
Make Budgeting Participative And Transparent
- Do create an open, honest and transparent budget process with broad consultation and data sharing.
- Richard Murphy recommends participative structures so people buy into decisions and outcomes.
Involve Informed Participants, Not Political Point-Scoring
- Do involve informed participants rather than point-scoring focus groups when designing budgets.
- Use structured public planning to reduce last-minute political deals and instability.