{"id":34982,"date":"2016-10-12T07:52:10","date_gmt":"2016-10-12T06:52:10","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=34982"},"modified":"2016-10-12T07:52:10","modified_gmt":"2016-10-12T06:52:10","slug":"crisis-not-yet","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/10\/12\/crisis-not-yet\/","title":{"rendered":"Crisis? Not yet"},"content":{"rendered":"<p>Do we have a sterling crisis?<\/p>\n<p>Given the movements in the currency since Theresa May's unfortunate Tory party conference speeches that endorsed Hard Brexit it could be argued that we have. As yet I do not agree. We have a sharp lesson for a government in pursuit of a policy that makes little economic, social or political sense, but not as yet a crisis.<\/p>\n<p>Might we have a crisis?<\/p>\n<p>The answer is very clearly that we could.<\/p>\n<p>What would trigger it?<\/p>\n<p>It will happen when it is clear that the government hasn't got an obvious Commons majority for its policies. Then we are in melt down.<\/p>\n<p>Will that happen?<\/p>\n<p>I think so.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do we have a sterling crisis? Given the movements in the currency since Theresa May&#8217;s unfortunate Tory party conference speeches that endorsed Hard Brexit it<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/10\/12\/crisis-not-yet\/\"><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-34982","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/34982","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=34982"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/34982\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=34982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=34982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=34982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}