{"id":38834,"date":"2017-09-29T17:53:30","date_gmt":"2017-09-29T16:53:30","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=38834"},"modified":"2017-09-29T17:53:44","modified_gmt":"2017-09-29T16:53:44","slug":"gdps-falling-the-economys-a-mess-and-carney-wants-a-rate-rise-why-oh-why-oh-why","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2017\/09\/29\/gdps-falling-the-economys-a-mess-and-carney-wants-a-rate-rise-why-oh-why-oh-why\/","title":{"rendered":"GDP growth&#8217;s falling. The economy&#8217;s a mess. And Carney wants a rate rise. Why, oh why, oh why?"},"content":{"rendered":"<p>This <a href=\"https:\/\/www.theguardian.com\/business\/2017\/sep\/29\/bank-of-england-interest-rates-rise-mark-carney-ons-uk\" target=\"_blank\" rel=\"noopener\">is the new GDP data for the UK<\/a>, out today:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-38835\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-29-at-17.49.53-550x428.png\" alt=\"\" width=\"550\" height=\"428\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-29-at-17.49.53-550x428.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-29-at-17.49.53-386x300.png 386w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-29-at-17.49.53-768x597.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-29-at-17.49.53-515x400.png 515w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-29-at-17.49.53.png 1940w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/>To add to that decline, personal debt data remains worrying.<\/p>\n<p>So, in that circumstance what the heck is Mark Carney doing suggesting interest rates might rise? Where is the risk he's addressing, especially when Brexit inflation will begin to fall out of the data soon?<\/p>\n<p>I just don't get his logic.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the new GDP data for the UK, out today: To add to that decline, personal debt data remains worrying. So, in that circumstance<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2017\/09\/29\/gdps-falling-the-economys-a-mess-and-carney-wants-a-rate-rise-why-oh-why-oh-why\/\"><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-38834","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/38834","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=38834"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/38834\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=38834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=38834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=38834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}