Richard Murphy

In this engaging discussion, Richard Murphy, a former chartered accountant and tax campaigner, dissects Rachel Reeves' latest Budget. He argues that the budget is incoherent and fails to adequately tax wealth, with changes favoring the wealthy. Murphy highlights the impact of frozen tax thresholds on low earners and advocates for alternative funding measures like CGT equalization. He emphasizes the importance of targeted support for the hospitality sector, underscoring its role in youth employment and social wellbeing.