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West Norfolk economics guru Richard Murphy open for talks with new Labour leader

PUBLISHED: 07:33 14 September 2015 | UPDATED: 15:16 14 September 2015

Richard Murphy. Picture: Matthew Usher.

Richard Murphy. Picture: Matthew Usher.

© ARCHANT NORFOLK 2014

The Norfolk man behind Corbynomics whose ideas transformed the Labour party’s leadership campaign said he was open to discussions with new leader Jeremy Corbyn, after his election win on the weekend.

He is the Norfolk man who has helped to create the so-called “Corbynomics” economic strategy espoused by the new Labour leader.

But Richard Murphy, from Downham Market, had to spurn the opportunity of a victory dinner after Jeremy Corbyn’s landslide victory in his party’s leadership contest - to get home to celebrate his wedding anniversary with his wife.

Mr Murphy, 57, a self-employed accountant and tax expert, has been a key architect of Corbynomics and was in London on Saturday, when the results were announced.

He said he was open to discussions with the new leader over a possible future role.

“We had a brief exchange of words on Saturday afternoon, and he invited me out to dinner. But I wanted to see my wife for our wedding anniversary so I came home to be with her.”

Obviously delighted that Mr Corbyn was elected, he added: “I’m very pleased that the ideas I’ve been involved in, and creating and promoting over a number of years have, as a feature of Jeremy’s campaign, been given more prominence.”

He said he first met Mr Corbyn about a decade ago at an economic advisory panel. They have seen each other about a dozen times in the last year, although they have never been to each other’s houses.

He said: “If he wants to give me a call, and the offer is right, and it’s something I can do, I’m open for discussions with him.

“I’ve been doing this for 13 years. We can have a different economic policy, not be beholden to banks, and not rely on austerity.”


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