{"id":14858,"date":"2012-03-30T08:57:16","date_gmt":"2012-03-30T07:57:16","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=14858"},"modified":"2012-03-30T08:57:16","modified_gmt":"2012-03-30T07:57:16","slug":"the-treasurys-mistakes","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/03\/30\/the-treasurys-mistakes\/","title":{"rendered":"The Treasury&#8217;s mistakes"},"content":{"rendered":"<p>As the <a href=\"http:\/\/www.guardian.co.uk\/business\/2012\/mar\/29\/bank-england-financial-crisis-treasury-review\" target=\"_blank\">Guardian notes today<\/a>, the\u00a0Bank of England\u00a0is facing calls to publish a full account of how it handled the\u00a0financial crisis\u00a0after the Treasury admitted it had made mistakes when the UK's banking system was on the brink of collapse.<\/p>\n<p>It did, but the biggest mistake is ongoing. I well remember a person of senior rank telling me in 2009 \"We have to revive\u00a0Anglo-Saxon capitalism. It's the only model we've got\". \u00a0And that is still the problem. They still think it's the only model we've got and they're still trying to revive it.<\/p>\n<p>The\u00a0commentator\u00a0has been rewarded with a move to the Cabinet Office. She should fit in very well there.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the Guardian notes today, the\u00a0Bank of England\u00a0is facing calls to publish a full account of how it handled the\u00a0financial crisis\u00a0after the Treasury admitted it<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/03\/30\/the-treasurys-mistakes\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-14858","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/14858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=14858"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/14858\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=14858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=14858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=14858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}