Funding the Future

The finance curse is killing Britain


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Why does Britain feel poorer, more unequal and less productive than it should be?

In this Funding the Future podcast, I speak with John Christensen, co-founder of the Tax Justice Network, about the finance curse, which occurs when banking and financial services grow beyond any socially useful scale.

Drawing on John’s work in Jersey and decades of UK experience, we explain how finance crowds out real economic activity, drives up housing costs, drains talent, captures politics and ultimately undermines democracy. We also discuss new research showing the staggering cost of this failure to every household in Britain, and what can be done to reverse it.

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Funding the FutureBy Richard Murphy