The economy: why Rachel Reeves has got it wrong

The UK doesn’t just have one economy: it has three. They are the real economy, the sustainable economy, and the monetary economy. However, the government is fixated on the wrong one. In this video, I explain why the real economy matters more than the monetary economy, why sustainability needs to get a look in, and why Rachel Reeves seems to have no clue about almost any of this, at cost to us all.

Let us know your opinion on this by voting in our poll:
https://www.youtube.com/post/UgkxQxPDed4aCqSWURClW_j4mMk3FPzjjS59

TRANSCRIPT
A transcript for this video is available at: https://www.taxresearch.org.uk

0:00 – Introduction: Three Economies Explained
1:00 – The Real Economy: Paid & Unpaid Work
2:30 – Why Care, Volunteering, and Learning Matter
3:40 – The Sustainable Economy: Future-Proofing Society
5:00 – Net Zero, Climate, and Human Survival
6:15 – The Monetary Economy: Money vs. Well-Being
8:00 – The Government’s Narrow Obsession
9:30 – Consequences: Austerity, Neglect & Social Harm
10:30 – Call for Change: Focus on Real & Sustainable Economies

IF YOU WANT TO WRITE TO YOUR MP ABOUT ISSUES IN THIS VIDEO
If you want to write a letter to your MP on the issues raised in this blog post, there is a ChatGPT prompt to assist you in doing so, with full instructions, here. https://www.taxresearch.org.uk/Blog/2025/06/20/chatgpt-prompt-for-a-letter-to-your-mp/

HOW TO SUPPORT US
Please consider donating: https://ko-fi.com/taxresearch

ABOUT RICHARD MURPHY
Richard Murphy is Emeritus 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.

RICHARD MURPHY ON BLUESKY:
https://bsky.app/profile/richardjmurphy.bsky.social

OR

ON MY BLOG: http://www.taxresearch.org.uk/Blog/

HIT SUBSCRIBE & GET NOTIFICATIONS
Subscribe and get notified of new videos released.
INTRODUCTION: https://www.youtube.com/watch?v=HdHsRPy3060

PLAYLISTS:

The Wealth Series
https://www.youtube.com/playlist?list=PLvRueM6wBgobQLeyZYAagFDMjEFTKbhRD

Ecenomics
https://www.youtube.com/playlist?list=PLvRueM6wBgob54Gs-fOL-8OAQ-IpduwB4

Britain
https://www.youtube.com/playlist?list=PLvRueM6wBgobwTT4ATvJjsf8OO6S7wD10

Tax
https://www.youtube.com/playlist?list=PLvRueM6wBgoaMni_12J6ULp3yUJisUZoY

MMT
https://www.youtube.com/playlist?list=PLvRueM6wBgoZ6jvRGSW5YXu8qogE6aClX

Money
https://www.youtube.com/playlist?list=PLvRueM6wBgoYnLk1c7syTvoIo8bKYUs5m

Climate Change
https://www.youtube.com/playlist?list=PLvRueM6wBgob4_wsYaVivWd2WumpPLYwJ

USA
https://www.youtube.com/playlist?list=PLvRueM6wBgoYYd3dSyU2Oyl3x7bWJOP7H

Labour
https://www.youtube.com/playlist?list=PLvRueM6wBgoa-KhzG-fnjDSg1WROL1zMw

The Trump Administration
https://www.youtube.com/playlist?list=PLvRueM6wBgobz41-GLimTho27A3flVWQx

#ThreeEconomies #RealEconomy #SustainableEconomy #MonetaryEconomy #UKPolitics #RachelReeves #Austerity #NetZero #ClimateAction #EconomicJustice #PeopleOverProfits #FutureGenerations #CareWork #SocialValue

Видео The economy: why Rachel Reeves has got it wrong канала Richard J Murphy