Any politician who says there is no magic money tree is not telling the truth. There is. It’s called the Bank of England, and they can tap it for cash whenever they want - so long as they keep inflation in mind.
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’.
This video was edited by Thomas Murphy.
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